Joby Aviation, Inc. 8-K

What Happened

• Joby Aviation (JOBY) filed an 8-K on July 28, 2026 reminding holders that the company’s outstanding warrants (CUSIP G65163 118; NYSE symbol: JOBY WS) will expire on Monday, August 10, 2026. The NYSE will suspend trading in the warrants after the close on August 7, 2026 to allow trades to settle by the Aug. 10 expiration.
• As of June 30, 2026 there were 14,237,486 warrants outstanding, each exercisable for one share of common stock at $11.50 per share. Holders must exercise through their broker/custodian and brokers are encouraged to coordinate with the warrant agent (Continental Stock Transfer & Trust Company) well before DTCC’s cutoff.

Key Details

• Outstanding warrants: 14,237,486 (as of June 30, 2026).
• Exercise price: $11.50 per warrant; full exercise would generate roughly $163.7 million in proceeds (14,237,486 × $11.50).
• Important deadlines: NYSE trading suspension after market close on Aug 7, 2026; any warrants not exercised prior to 5:00 p.m. New York time on Aug 7, 2026 will expire and become void.
• Warrant agent contact: Continental Stock Transfer & Trust Company ([email protected] or [email protected]).

Why It Matters

• For investors, this is a time-sensitive corporate action: warrant holders who want shares must act through their brokers before the Aug 7 exercise cutoff; otherwise the warrants will lapse and holders lose the right to purchase shares.
• If exercised in full, the warrants could increase Joby’s outstanding shares by 14.24 million and bring in approximately $163.7 million in cash—factors that can affect share count and capital on the company’s balance sheet.
• The NYSE trading suspension on Aug 7 means market access for these warrants will be limited around expiration, so holders should confirm procedures and settlement timing with their brokers or the warrant agent.