Summary by Moomoo AI
Joby Aviation, Inc., a company incorporated in Delaware and based in Santa Cruz, California, has filed a Form D Notice of Exempt Offering of Securities with the Securities and Exchange Commission (SEC). The filing indicates a new notice with the date of first sale on October 1, 2024, and reports the successful completion of a $500 million equity offering. Joby Aviation sold approximately 99.4 million shares at $5.03 per share in two closings with Toyota as per the Stock Purchase Agreement dated October 1, 2024. The company has declined to disclose its revenue range or aggregate net asset value. The offering falls under Rule 506(b) of Regulation D, which allows for the sale of securities without SEC registration, provided that the securities are sold primarily to accredited investors and certain other conditions are met. The filing lists several executive officers and directors, including CEO JoeBen Bevirt and President of Operations Bonny Simi, among others. The proceeds from the offering are not intended for payments to any of the named executive officers, directors, or promoters.
