Business

Joby Aviation Announces Proposed Offerings of Common Stock and Convertible Senior Notes

SANTA CRUZ, Calif., January 28, 2026--Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced its intention to offer, subject to market and other conditions, (i) convertible senior notes due 2032 (the "notes") (such offering, the "note offering") and (ii) shares of its common stock, $0.0001 par value per share (the "common stock") (such offering, the "common stock offering"). The aggregate proceeds from the offerings are anticip

articleJoby Aviation, Inc.January 28, 202610/company/joby-aviation/news/joby-aviation-announces-proposed-offerings-214200785
Joby Aviation Announces Proposed Offerings of Common Stock and Convertible Senior Notes

About this update from Joby Aviation, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1601,"height":473,"url":"https://media.zenfs.com/en/business-wire.com/44fe77fe7d381f6c7b18363cfe581000"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PA_bUjxemJ4pWWfGE0AL9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI4NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/44fe77fe7d381f6c7b18363cfe581000","width":960,"height":284},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/O.8aY5HjkWiFHlg2mhV8Rw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MTA7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/44fe77fe7d381f6c7b18363cfe581000","width":1200,"height":355}},"lazy":false},{"type":"text","content":"SANTA CRUZ, Calif., January 28, 2026--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced its intention to offer, subject to market and other conditions, (i) convertible senior notes due 2032 (the "notes") (such offering, the "note offering") and (ii) shares of its common stock, $0.0001 par value per share (the "common stock") (such offering, the "common stock offering"). The aggregate proceeds from the offerings are anticipated to be $1,000,000,000. Concurrently with the note offering and the common stock offering, Morgan Stanley intends to offer, acting on behalf of itself and/or its affiliates, a number of shares of Joby’s common stock, borrowed from third parties (such offering, the "delta offering"), to facilitate hedging transactions (whether physical sales and/or through privately negotiated derivatives transactions) by some of the investors of the notes. The number of shares of common stock subject to the delta offering will be determined at the time of pricing of the delta offering and is expected to be no greater than commercially reasonable initial short positions of such hedging investors in the notes. No new shares of common stock will be issued in the delta offering, and Joby will not receive any proceeds from the delta offering. The note offering, the common stock offering and the delta offering are being made in separate public offerings registered under the Securities Act of 1933, as amended. Joby also expects to grant the underwriters of the not...

More updates from Joby Aviation, Inc.

Morgan Stanleycommon stockoffering