---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-085185"
form_type: "8-K"
ticker: "SRTA"
cik: "0001779128"
company_name: "Strata Critical Medical, Inc."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:17:06.389056+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Strata Critical Medical closes Passenger sale to Joby for ~$76M in stock; shifts to medical transport

## Summary
- Completed sale of Passenger business to Joby Aero on Aug 29; received ~$76M in 5.3M Joby shares, plus up to $35M earnout and $10M holdbacks.
- Name changed to Strata Critical Medical; Nasdaq tickers become SRTA (common) and SRTAW (warrants).
- Melissa Tomkiel and William Heyburn appointed co-CEOs; both join Board; directors Borthwick and Lerer resigned.
- Pro forma shows continuing ops net loss of $1.45M for H1 2025 vs $7.24M reported, reflecting Passenger divestiture.
- Company issued updated FY2025 financial guidance; see press release Exhibit 99.2 for details.

## SEC filing metadata
- accession: 0001104659-25-085185
- form_type: 8-K
- ticker: SRTA
- cik: 0001779128
- company_name: Strata Critical Medical, Inc.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779128/000110465925085185/0001104659-25-085185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779128/000110465925085185/tm2524340d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-085185
- JSON: https://secwatch.observer/filing/0001104659-25-085185.json
- Plain text: https://secwatch.observer/filing/0001104659-25-085185.txt

## Key facts
- Governance Changes
  Strata Critical Medical, Inc.: Adopted amended bylaws reflecting name change and other governance revisions (effective 2025-08-28).
  - Change: bylaw amendment
  - Effective: 2025-08-28
  source text: Additionally, on August 28, 2025, the Board approved an amendment to the Company’s Amended and Restated Bylaws (as so amended and restated, the “Amended Bylaws”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779128/000110465925085185/0001104659-25-085185-index.htm
- Governance Changes
  Strata Critical Medical, Inc.: Amended charter to change company name to Strata Critical Medical, Inc (effective 2025-08-28).
  - Change: charter amendment
  - Effective: 2025-08-28
  source text: On August 28, 2025, Board approved an amendment to the Company’s Second Amended Restated Certificate of Incorporation, as amended (the “Charter”), to change the Company’s name to Strata Critical Medical, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779128/000110465925085185/0001104659-25-085185-index.htm
- M&A Transactions
  Strata Critical Medical, Inc. completed a disposition involving Joby Aero, Inc. for approximately $76.0 million (closed 2025-08-29).
  - Action: disposition
  - Counterparty: Joby Aero, Inc.
  - Consideration: approximately $76.0 million
  - Closing: 2025-08-29
  source text: of Joby Aviation. The purchase price received by the Company upon the consummation of the transactions contemplated by the Purchase Agreement (the “Closing”) was approximately $76.0 million (assuming the closing price per share of $14.27 of Joby Aviation’s common stock as of August 28, 2025), after giving effect to pre-Closing adjustments and indemnity holdbacks
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779128/000110465925085185/0001104659-25-085185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.