Joby Shares Sink Early on Stock Announcement
Joby Aviation aims to raise $500 million through stock sales to support certification and manufacturing of electric air taxis, with an underwriter option for additional shares.
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7 Articles
Joby Aviation Stock Is Falling In After-Hours Tuesday: What's Behind The Sell-Off? - Joby Aviation (NYSE:JOBY)
Shares of electric vertical take-off and landing (eVTOL) aircraft company Joby Aviation Inc (NYSE:JOBY) are tumbling in Tuesday’s after-hours session after the company filed for a $500 million offering. What To Know: Joby announced plans to offer and sell $500 million of its common stock in a public offering. The company intends to grant the underwriters a 30-day option to buy up to an additional $75 million of common stock at the offering price…
Joby Aviation Announces Pricing of Underwritten Offering of Common Stock
Joby Aviation (NYSE: JOBY) priced an underwritten offering of 30,500,000 common shares at $16.85 per share, for gross proceeds of approximately $513.9 million. The company granted the underwriter a 30-day option to buy up to an additional 4,575,000 shares.The offering is expected to close on October 9, 2025, subject to customary conditions. Joby intends to use net proceeds, together with existing cash and short-term investments, to fund certific…
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