Market
What will be the market reaction to Joby's first eVTOL flight?
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Resolution / Starting Odds
Stock price increases by 10% or more • 25%
Stock price decreases by 10% or more • 25%
Stock price remains stable (+/- 10%) • 25%
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Stock market data from financial platforms like Bloomberg or Yahoo Finance
Story
Joby Aviation Enters $300M Equity Distribution Agreement with Morgan Stanley, Allen & Co. Ahead of eVTOL Release
Dec 10, 2024, 09:13 PM
Joby Aviation has entered into an equity distribution agreement allowing for the sale of up to $300 million in common stock. The agreement involves financial institutions Morgan Stanley and Allen & Co. as agents, who will receive a 3% commission on gross sales. The sales will occur over time without any specific obligation to sell a predetermined amount. This move is part of Joby’s strategy as it prepares for the commercial release of its electric vertical takeoff and landing (eVTOL) aircraft in 2025.
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Similar markets
Partnership with European Company • 25%
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AutoFlight • 25%
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Southeast University • 25%
EHang • 25%
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