Coming on the wings of achieving a string of major production and developmental milestones over 2025, including unveiling plans to expand its California production facilities and successfully executing critical operational tests, American UAM startup Joby Aviation announced plans to issue a tidal wave of new stock options in an effort to raise additional financing for the company’s costly and complex transition into platform commercialization and serial-production.
On January 28th, Joby issued two press releases explicating the rationale behind its evolving financial moves. The first identifying the company’s plans to issue $600.0 million in convertible senior notes due in 2032 as well as the revision of its common stock distribution. The company hopes for these efforts to generate a rais of over $1.0 billion in order to facilitate ongoing commercialization requirements. Joby’s stock price has declined from $13.0 per share on January 28 to just under $11.0 per share at the time of publication.
