Joby Aviation, Inc. announced that it has entered into a subscription agreement for the issuance of 15,037,594 shares of common stock, $0.0001 per share par value, at the per-share purchase price of $6.65 for an aggregate gross proceeds of $100,000,000.10 on June 27, 2023. The transaction included participation from SK Telecom. Co., Ltd. The company offered and sold the shares in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.
The transaction is expected to close by June 30, 2023, subject to customary closing conditions.