---
schema_version: "secwatch.filing_event.v1"
accession: "0001819848-23-000167"
form_type: "8-K"
ticker: "JOBY"
cik: "0001819848"
company_name: "Joby Aviation, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T17:20:26.089366+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Joby Aviation prices public offering of 43.99M shares at $4.10/sh, raising ~$180M

## Summary
- Offering of 43,985,681 shares at $4.10 per share; gross proceeds ~$180M.
- Net proceeds estimated at ~$180.2M after expenses; expected to close May 5, 2023.
- Proceeds to fund certification, manufacturing, commercial operations, and working capital.
- Baillie Gifford Overseas Limited acted as agent for the institutional investors.

## SEC filing metadata
- accession: 0001819848-23-000167
- form_type: 8-K
- ticker: JOBY
- cik: 0001819848
- company_name: Joby Aviation, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000167/0001819848-23-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000167/joby-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819848-23-000167
- JSON: https://secwatch.observer/filing/0001819848-23-000167.json
- Plain text: https://secwatch.observer/filing/0001819848-23-000167.txt

## Key facts
- Material Agreements
  Joby Aviation, Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $180.2 million (effective 2023-05-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: approximately $180.2 million
  - Effective: 2023-05-03
  source text: On May 3, 2023, Joby Aviation, Inc. (the “Company”) entered into a common stock purchase agreement (the “Purchase Agreement”) with certain institutional investors for the issuance and sale in a registered direct offering of 43,985,681 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an offering price of $4.10 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000167/0001819848-23-000167-index.htm

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