Joby Aviation enters into equity distribution agreement for $300M

On December 10, 2024, Joby Aviation (JOBY) “entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC and Allen & Company LLC, as agents and/or principals, under which the Company may offer and sell, from time to time at its sole discretion, up to an aggregate of $300,000,000 of shares of its common stock, par value $0.0001 per share, through or to the Managers, pursuant to an effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission on October 24, 2024.”