Overview

• Joby set the offering at 30.5 million shares priced at $16.85 each for gross proceeds of about $513.9 million, roughly an 11% discount to Tuesday’s $18.91 close.
• The stock fell about 9% to 10% in after‑hours and premarket trading, changing hands near $17 following the announcement.
• Joby said it will use the funds to advance FAA type certification, expand production capacity, and prepare for commercial service.
• The company granted underwriters a 30‑day option to purchase up to roughly $75 million more in stock, equivalent to about 4.6 million additional shares.
• Joby reported approximately $991 million in cash and investments at the end of Q2, with the equity raise intended to extend its funding runway through certification and initial production.