2023-05-03 16:56:47 ET
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Joby Aviation ( NYSE: JOBY ) on Wednesday priced a public offering to raise $180 million.
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The company will offer 43,985,681 shares of its common stock at a public offering price of $4.10 per share.
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All of the shares are being offered by Joby.
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The offering is expected to close on May 5, 2023.
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Net proceeds from the offering, together with existing cash, cash equivalents and marketable securities, will be used to fund its certification and manufacturing efforts, prepare for commercial operations and for general working capital and other general corporate purposes.
For further details see:
Joby Aviation prices $180M stock offering