Joby Aviation, Inc. (JOBY): M&A transaction — Joby Aviation completes $25.5M purchase of Santa Cruz property (162k sq ft)

Joby Aviation, Inc.

Purchased ~162,000 sq ft across five buildings at 345 Encinal St, Santa Cruz, CA for $25.5M.
Acquisition closed Nov 30, 2022 via subsidiary Joby Aero.
Seller: Frederick Electronics Corp and Plantronics Inc.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Joby Aviation, Inc. completed an acquisition involving Frederick Electronics Corporation and Plantronics, Inc. for $25,500,000 (closed 2022-11-30).

Action: acquisition
Counterparty: Frederick Electronics Corporation and Plantronics, Inc.
Consideration: $25,500,000
Closing: 2022-11-30

Exact text from the filing

On November 30, 2022, Joby Aero, Inc., a wholly-owned subsidiary of Joby Aviation, Inc., (the “Company”) completed the previously disclosed purchase of certain real property, improvements and other assets (the “Property”) from Frederick Electronics Corporation, a Maryland corporation and Plantronics, Inc., a Delaware corporation (collectively, the “Seller”) for a purchase price of $25,500,000 (the “Purchase Price”).

View on SEC.gov

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Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-22-000197

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