Joby Aviation, Inc. Launches Public Offering of Common Stock
24 Octubre 2024 - 3:19PM
Business Wire
Joby Aviation, Inc. (NYSE: JOBY), a company developing electric
air taxis for commercial passenger service, announced today that it
has launched an underwritten public offering to sell up to $200.0
million of its shares of common stock. All of the shares of common
stock are being offered by Joby. In addition, Joby intends to grant
the underwriters a 30-day option to purchase up to an additional
$30.0 million of its shares of common stock. Joby currently intends
to use the net proceeds that it will receive from the offering,
together with existing cash, cash equivalents and short-term
investments, to fund its certification and manufacturing efforts,
prepare for commercial operations and for general working capital
and other general corporate purposes. The offering is subject to
market and other conditions, and there can be no assurance as to
whether or when the offering may be completed or as to the actual
size or terms of the offering.
Morgan Stanley and Allen & Company LLC are acting as joint
book-running managers for the proposed offering.
A registration statement on Form S-3 relating to the shares to
be sold in the proposed offering was filed with the U.S. Securities
and Exchange Commission (the “SEC”) on October 24, 2024 and became
automatically effective upon filing. This offering will be made
only by means of a prospectus. A copy of the preliminary prospectus
supplement and the accompanying prospectus relating to this
offering, when available, may be obtained for free by visiting
EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of
the preliminary prospectus supplement and the accompanying
prospectus relating to this offering, when available, may be
obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014;
or Allen & Company LLC, Attention: Prospectus Department, 711
Fifth Avenue, New York, New York 10022.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Joby
Joby Aviation, Inc. (NYSE: JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet and convenient service in cities around the
world.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the completion, timing and size of the proposed offering
and the intended use of proceeds. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as “anticipate”, “estimate”, “expect”, “project”, “plan”,
“intend”, “believe”, “may”, “will”, “should”, “can have”, “likely”
and other words and terms of similar meaning. Forward-looking
statements represent Joby’s current expectations regarding future
events and are subject to known and unknown risks and uncertainties
that could cause actual results to differ materially from those
implied by the forward-looking statements. Among those risks and
uncertainties are market conditions, including the trading price
and volatility of Joby’s common stock and risks relating to Joby’s
business and, if the offering is priced, risks related to the
satisfaction of closing conditions in the underwriting agreement
related to the offering. Joby may not consummate the proposed
offering described in this press release and, if the proposed
offering is consummated, cannot provide any assurances regarding
the final terms of the offering. For a further description of the
risks and uncertainties relating to Joby’s business in general, see
the preliminary prospectus supplement related to the proposed
public offering and Joby’s current and future reports filed with
the SEC, including its Annual Report on Form 10-K for the year
ended December 31, 2023, filed with the SEC on February 27, 2024.
The forward-looking statements included in this press release speak
only as of the date of this press release, and Joby does not
undertake to update the statements included in this press release
for subsequent developments, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241024026190/en/
Investors: investors@jobyaviation.com
Media: press@jobyaviation.com
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