Joby Aviation (JOBY) stock slides premarket after $1.2 billion equity-and-convertible deal
Joby Aviation shares fell nearly 14% in premarket trading Thursday after the company priced $600 million in stock at $11.35 per share and issued $600 million in convertible notes due 2032. The stock last traded near $11.50, down from $13.37 at Wednesday’s close. Joby said it will use proceeds for aircraft certification, manufacturing, and commercial launch preparations.