Joby Aviation, Inc. (Joby), a company focused on developing an all-electric, vertical take-off and landing (eVTOL) aircraft, has announced a preliminary prospectus supplement related to the offering of $200,000,000 of its common stock. The offering is filed under Rule 424(b)(5) with the Securities and Exchange Commission (SEC), with the registration number 333-282809. The prospectus supplement, dated October 24, 2024, is not yet complete and may be changed. The common stock is listed on the New York Stock Exchange under the symbol 'JOBY', with the last reported sale price being $6.24 per share as of October 23, 2024. The offering involves risks, as detailed in the 'Risk Factors' section, and the proceeds are intended for general corporate purposes, including supporting certification efforts and commercial production of...Show More

Joby Aviation, Inc. (Joby), a company focused on developing an all-electric, vertical take-off and landing (eVTOL) aircraft, has announced a preliminary prospectus supplement related to the offering of $200,000,000 of its common stock. The offering is filed under Rule 424(b)(5) with the Securities and Exchange Commission (SEC), with the registration number 333-282809. The prospectus supplement, dated October 24, 2024, is not yet complete and may be changed. The common stock is listed on the New York Stock Exchange under the symbol 'JOBY', with the last reported sale price being $6.24 per share as of October 23, 2024. The offering involves risks, as detailed in the 'Risk Factors' section, and the proceeds are intended for general corporate purposes, including supporting certification efforts and commercial production of Joby's electric air taxi. The underwriters for the offering are Morgan Stanley and Allen & Company LLC, with the shares expected to be delivered on a date in 2024. The announcement also includes a summary of Joby's business, its mission to provide fast, clean, and convenient aerial transportation, and its progress towards FAA certification. Additionally, the announcement mentions Toyota's $500 million incremental investment to support Joby's efforts, structured in two tranches with certain closing conditions. Joby's financial information as of September 30, 2024, indicates approximately $710 million in cash, cash equivalents, and short-term investments, although this is subject to change pending completion of unaudited financial statements.