Joby Aviation establishes $750 million at-the-market equity programme
Joby may sell up to $750 million of common stock from time to time through four sales agents under a new equity distribution agreement.
Evidence notes
- Morgan Stanley, J.P. Morgan, Allen & Company and BofA Securities are acting as sales agents.
- Sales may be made at Joby's discretion under its effective Form S-3 shelf registration and the 11 August prospectus supplement.
- Potential uses include certification, manufacturing, commercial operations and acquisitions or strategic investments.
Company context
Electric aircraft and air-taxi company with piloted commercial and autonomous defence programmes.