August 13, 2021
Joby Aviation, Inc., a California-based company developing all-electric aircraft for aerial ridesharing, has announced that Joby Aero, Inc. completed its previously announced business combination with Reinvent Technology Partners (NYSE: RTP), a special purpose acquisition company (SPAC) that takes a “venture capital at scale” approach to partnering with bold leaders and companies, as noted in the company news release. Upon the completion of the transaction, RTP changed its name to “Joby Aviation, Inc.” Joby’s common stock and warrants began trading on the New York Stock Exchange (NYSE) on August 11, 2021, under the ticker symbols “JOBY” and “JOBY WS,” respectively.
Latham & Watkins LLP represents Joby Aviation in the transaction. The mergers and acquisitions deal team was led by Bay Area partner Jack Sheridan, Houston partner Ryan Maierson and Bay Area partners Benjamin Potter and Saad Khanani, with Orange County associates Brian Umanoff, Madison Mapes, and Tiana Baghdikian. The capital markets deal team was led by Bay Area partner Brian Paulson, with Bay Area associates Michael Podolny, Betsie Stukenborg, and Adam Weber. Advice was also provided on tax matters by Bay Area partner Kirt Switzer, with Bay Area associate Jessica Chen; on benefits and compensation matters by Bay Area partner James Metz, with Bay Area associates James Robinson and Erik Ward; on technology transactions matters by Bay Area partner Anthony Klein and Bay Area counsel Arielle Singh, with Bay Area associate Adam Kaldor; on antitrust and competition matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Patrick English; on government contracts matters by Washington, D.C. counsel Kyle Jefcoat, with Washington, D.C. associate Allen Perry; and on data privacy and security matters by Washington, D.C. counsel Marissa Boynton.
Latham has previously advised Joby Aviation on several transactions, including its Series C and investment from Uber.