Joby Aviation, Inc. announced that it has entered into a subscription agreement for the issuance of 11,044,232 shares of common stock, $0.0001 per share par value, at the per-share purchase price of $5.4327 for an aggregate gross proceeds of $60,000,000 on October 7, 2022. The transaction included participation from Delta Air Lines, Inc. The company offered and sold the shares and, upon exercise of the warrants, will offer and sell the underlying shares, to the investor in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder. The securities issued are restricted securities.

The company has received $60,000,000 pursuant to exemption provided under Regulation D from single investor.