Joby Stock Dives After The Bell: Here's Why

benzinga_article
2026.01.28 22:01
portai
I'm PortAI, I can summarize articles.

Joby Aviation Inc (NYSE:JOBY) shares fell 11.43% in after-hours trading following the announcement of a proposed offering of convertible senior notes and common stock, aiming for $1 billion in proceeds. The company plans to use the funds for certification, manufacturing efforts, and commercial operations. Joby had approximately $978.1 million in cash and equivalents as of September 30, 2025. The stock is set to be reported on again next month.