Joby Aviation, Inc. 8-K

What Happened

• Joby Aviation, through its wholly owned subsidiary Joby Aero, Inc., announced on January 7, 2026 that it entered into a Purchase and Sale Agreement to acquire a property at 1669 Capstone Way, Vandalia, Ohio. The purchase price is $61,500,000 and the Property comprises about 728,000 square feet. The filing also includes a press release titled “Joby to Expand Manufacturing Footprint with Acquisition of Second Ohio Facility.”

Key Details

• Purchase price: $61,500,000.
• Property size/address: ~728,000 sq ft at 1669 Capstone Way, Vandalia, Ohio.
• Deposit and timing: $1,000,000 escrow deposit; closing no later than February 27, 2026.
• Conditions/termination: Company’s purchase is subject to title diligence and the seller (or its lending affiliate) funding a portion of the price at closing. Joby may terminate for title objections until January 15, 2026; deposit returned only if termination is for certain reasons (title objections, seller breach, condemnation, or pre-closing damage), otherwise deposit is paid to seller as liquidated damages.

Why It Matters

• This is a material real-estate acquisition intended to expand Joby’s manufacturing footprint in Ohio. The $61.5M purchase and related timing are concrete capital commitments that could affect near-term cash use and operational capacity. The transaction remains conditional on title and seller funding matters — investors should watch for closing activity by February 27, 2026 and any disclosures about financing or impacts on production plans.