8-K
filed February 2, 2026, 6:59 PM ET
ticker JOBY
CIK 0001819848
other material
confidence high
sentiment positive
materiality 0.85
Joby raises $690M in 0.75% convertible notes due 2032 and 52.9M shares; Dec 31 cash $1.41B
Joby Aviation, Inc.
- Issued $690M principal of 0.75% Convertible Senior Notes due 2032; initial conversion price $14.19/share.
- Sold 52.9M shares of common stock at $11.35/share (Delta Offering); underwriters have 30-day option for 7.9M more.
- Entered capped call transactions costing $63.3M to reduce dilution; cap price $22.70/share.
- Preliminary Dec 31, 2025 cash, cash equivalents and short-term investments were $1,407.9M.
- Notes mature Feb 15, 2032; redeemable from Feb 20, 2029 if stock exceeds 130% of conversion price.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Joby Aviation, Inc. incurred convertible notes of $690,000,000 with Wilmington Trust, National Association at 0.75% maturing February 15, 2032.
- Instrument
- convertible notes
- Principal
- $690,000,000
- Counterparty
- Wilmington Trust, National Association
- Rate
- 0.75%
- Maturity
- February 15, 2032
- Event
- incurrence
Exact text from the filing
The issuance of $690,000,000 principal amount of Notes was completed on February 2, 2026. The Notes were issued pursuant to, and are governed by, an indenture
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Joby Aviation, Inc. entered into Delta Offering Underwriting Agreement with Morgan Stanley & Co. LLC (effective 2026-01-28).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Morgan Stanley & Co. LLC
- Effective
- 2026-01-28
Exact text from the filing
On January 28, 2026, the Company also entered into an underwriting agreement (the “Delta Offering Underwriting Agreement”) with Morgan Stanley & Co. LLC, as underwriter, relating to the offer and short sale of 5,286,343 shares of the Company’s common stock, borrowed from third parties in connection with the Note Offering to facilitate hedging transactions
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Joby Aviation, Inc. entered into Common Stock Underwriting Agreement with certain underwriters (effective 2026-01-28).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- certain underwriters
- Effective
- 2026-01-28
Exact text from the filing
On January 28, 2026, Joby Aviation, Inc. (the “Company”) entered into an underwriting agreement (the “Common Stock Underwriting Agreement”) with certain underwriters (the “Common Stock Underwriters") agreeing, subject to customary conditions, to issue and sell 52,863,437 shares of the Company’s common stock to the Common Stock Underwriters (the “Common Stock Offering”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Joby Aviation, Inc. entered into Indenture with Wilmington Trust, National Association (effective 2026-02-02).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association
- Effective
- 2026-02-02
Exact text from the filing
The Notes were issued pursuant to, and are governed by, an indenture (the “Base Indenture”), dated as of February 2, 2026, between the Company and Wilmington Trust, National Association, as trustee (the “Trustee"), as supplemented by a first supplemental indenture (the “Supplemental Indenture,” and the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture"), dated as of February 2, 2026, between the Company and the Trustee.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Joby Aviation, Inc. entered into Note Underwriting Agreement with certain underwriters valued at $600,000,000 principal amount (effective 2026-01-28).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- certain underwriters
- Value
- $600,000,000 principal amount
- Effective
- 2026-01-28
Exact text from the filing
On January 28, 2026, the Company also entered into an underwriting agreement (the “Note Underwriting Agreement”) with certain underwriters (the “Note Underwriters”) agreeing, subject to customary conditions, to issue and sell $600,000,000 principal amount of the Company’s 0.75% Convertible Senior Notes due 2032 (the “Notes”) (the “Note Offering”) to the Note Underwriters.
View on SEC.gov
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