Joby Aviation Prices Upsized Convertible Notes, Equity Offerings; Shares Fall Pre-Bell

fidelity
2026.01.29 10:28
portai
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Joby Aviation has priced $600 million in convertible senior notes and 52.9 million shares at $11.35 each, increasing the total offering to $1 billion. A separate delta offering of 5.3 million shares was also priced. Proceeds will fund aircraft certification, manufacturing, and general corporate purposes. Shares fell 11.1% in premarket trading.