Joby Aviation Files 8-K on Equity Sales
Ticker: JOBY-WT · Form: 8-K · Filed: Oct 2, 2024 · CIK: 1819848
| Field | Detail |
|---|---|
| Company | Joby Aviation, INC. (JOBY-WT) |
| Form Type | 8-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001, $5.03, $250.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, definitive-agreement, filing
TL;DR
Joby Aviation just filed an 8-K about selling equity. Keep an eye on dilution.
AI Summary
On October 1, 2024, Joby Aviation, Inc. entered into a Material Definitive Agreement related to unregistered sales of equity securities. The filing also includes financial statements and exhibits. Joby Aviation, Inc. was formerly known as Reinvent Technology Partners and Reinvent Acquisition Corp.
Why It Matters
This filing indicates Joby Aviation is engaging in equity transactions, which could impact its capital structure and shareholder dilution.
Risk Assessment
Risk Level: medium — Unregistered sales of equity securities can sometimes signal a need for capital or lead to dilution for existing shareholders.
Key Players & Entities
- Joby Aviation, Inc. (company) — Registrant
- Reinvent Technology Partners (company) — Former Company Name
- Reinvent Acquisition Corp. (company) — Former Company Name
- October 1, 2024 (date) — Date of earliest event reported
FAQ
What type of Material Definitive Agreement was entered into by Joby Aviation?
The filing indicates the agreement relates to unregistered sales of equity securities.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 1, 2024.
What were Joby Aviation's previous names?
Joby Aviation was formerly known as Reinvent Technology Partners and Reinvent Acquisition Corp.
What is Joby Aviation's Standard Industrial Classification?
Joby Aviation's SIC code is 3721, which corresponds to Aircraft.
In which state was Joby Aviation incorporated?
Joby Aviation was incorporated in Delaware.
Filing Stats: 1,880 words · 8 min read · ~6 pages · Grade level 17.3 · Accepted 2024-10-02 08:51:19
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share JOBY New York Stock Exchange
- $5.03 — (the "Shares"), at a purchase price of $5.03 per share, upon the terms and condition
- $250.0 million — is structured in two equal tranches of $250.0 million each. The closing of each tranche is su
Filing Documents
- joby-20241001.htm (8-K) — 40KB
- joby-8k_20241001xexx101.htm (EX-10.1) — 300KB
- 0001819848-24-000397.txt ( ) — 564KB
- joby-20241001.xsd (EX-101.SCH) — 2KB
- joby-20241001_def.xml (EX-101.DEF) — 15KB
- joby-20241001_lab.xml (EX-101.LAB) — 26KB
- joby-20241001_pre.xml (EX-101.PRE) — 16KB
- joby-20241001_htm.xml (XML) — 4KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this Current Report on Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding receipt of regulatory approvals, the parties entering into definitive agreements, the approval of the Charter Amendment, the parties satisfying the conditions for closing on either or both of the tranches, the closing of the Private Placement, the registration for resale of the Shares, the use of the proceeds from the Private Placement, and the expected benefits from the partnership. You can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 10.1 Stock Purchase Agreement, dated as of October 1, 2024, by and between Joby Aviation, Inc. and Toyota Motor Corporation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Joby Aviation, Inc. Date: October 2, 2024 By: /s/ Matthew Field Name: Matthew Field Title: Chief Financial Officer