---
schema_version: "secwatch.filing_event.v1"
accession: "0001819848-23-000255"
form_type: "8-K"
ticker: "JOBY"
cik: "0001819848"
company_name: "Joby Aviation, Inc."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:01:55.580227+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SK Telecom invests $100M in Joby Aviation, expands UAM partnership

## Summary
- SK Telecom subscribes for 15,037,594 shares at $6.65/share, total $100M.
- Private placement expected to close by June 30, 2023, under Section 4(a)(2).
- Partnership expanded to include participation in Korea’s K-UAM Grand Challenge.
- Registration Rights Agreement entered for the shares; strategic collaboration from Feb 2022 continued.

## SEC filing metadata
- accession: 0001819848-23-000255
- form_type: 8-K
- ticker: JOBY
- cik: 0001819848
- company_name: Joby Aviation, Inc.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000255/0001819848-23-000255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000255/joby-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819848-23-000255
- JSON: https://secwatch.observer/filing/0001819848-23-000255.json
- Plain text: https://secwatch.observer/filing/0001819848-23-000255.txt

## Key facts
- Material Agreements
  Joby Aviation, Inc. entered into Registration Rights Agreement with SK Telecom, Co., Ltd. (effective 2023-06-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: SK Telecom, Co., Ltd.
  - Effective: 2023-06-27
  source text: On the Effective Date, in connection with the transactions contemplated by the Subscription Agreement and the issuance of the Shares, the Company entered into a Registration Rights Agreement with SKT relating to certain registration rights with respect to the Shares (the “Registrable Securities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000255/0001819848-23-000255-index.htm
- Material Agreements
  Joby Aviation, Inc. entered into Subscription Agreement with SK Telecom, Co., Ltd. valued at $100,000,000.10 (effective 2023-06-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: SK Telecom, Co., Ltd.
  - Value: $100,000,000.10
  - Effective: 2023-06-27
  source text: On June 27, 2023 (the “Effective Date”), Joby Aviation, Inc., a Delaware corporation (the “Company”), entered into a Subscription Agreement (the “Subscription Agreement”) with SK Telecom, Co., Ltd., a corporation organized under the laws of the Republic of Korea (“SKT”), pursuant to which SKT subscribed for and purchased from the Company, and the Company has agreed to sell and issue to SKT, in a private placement (the “Private Placement”), 15,037,594 shares (the “Shares”) of the Company’s common stock, $0.0001 per share par value, (the “Common Stock”), at the per-share purchase price of $6.65, for an aggregate purchase price of one hundred million dollars and ten cents ($100,000,000.10).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819848/000181984823000255/0001819848-23-000255-index.htm

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