Joby Aviation $750 million at-the-market offering
We advised the sales agents on the offering
Davis Polk advised Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and BofA Securities, Inc. as the sales agents in connection with an SEC-registered at-the-market offering program by Joby Aviation, Inc. of up to an aggregate amount of $750 million of its common stock. The shares are listed on the New York Stock Exchange under the symbol “JOBY.”
Joby Aviation is a California-based transportation company developing an all-electric, vertical takeoff and landing air taxi, which it intends to operate as part of a fast, quiet and convenient service in cities around the world.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Walker Halstad, Jared A. Bivens and Rose Cheng. Partner Frank Azzopardi and associate Nazli Ungan provided intellectual property advice. Counsel Dustin Plotnick and associates Hunter P. Shaw and Danielle D. Grazette provided tax advice. All members of the Davis Polk team are based in the New York office.