February 24, 2021
Joby Aviation, a transportation company developing an all-electric, vertical take-off, and landing aircraft that it intends to operate as a commercial passenger vehicle beginning in 2024, has announced its merger with Reinvent Technology Partners, a special purpose acquisition company that takes a ‘venture capital at scale’ approach to partnering with bold leaders and companies. Upon the closing of the transaction, the combined company will be named Joby Aviation, and become publicly traded, with its common stock listed on the New York Stock Exchange.
Latham & Watkins LLP represents Joby Aviation in the SPAC transaction. The mergers and acquisitions deal team was led by Houston partner Ryan Maierson and Bay Area partners Jack Sheridan, 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.
The firm has previously advised Joby Aviation on several transactions, including its Series C and investment from Uber.