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Latham & Watkins Advises Joby Aviation on Underwritten Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

October 8, 2025
Capital Markets team represents the California-based electric air transportation company in the offering.

Joby Aviation, Inc. (NYSE: JOBY) (Joby), a company developing electric air taxis for commercial passenger service, announced the closing of an underwritten offering of 35,075,000 shares of its common stock at an offering price of US$16.85 per share. The shares of common stock issued and sold in the offering include 4,575,000 shares issued upon the exercise in full by the underwriter of its option to purchase additional shares of common stock at the offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Joby, were approximately US$591 million. All of the shares in the offering were sold by Joby.

Latham & Watkins LLP advised Joby Aviation in the offering with a Capital Markets team led by partners Ross McAloon and Drew Capurro, with associates Jake Walsh, Rachel Staub, and Tony Noh.

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