Joby Files Prospectus Supplement for Up to 2.42M Earn-Out Shares
Joby Aviation edged up as it filed a prospectus supplement covering up to 2.42 million shares for potential resale by Strata Critical Inc.; the filing does not require any sales. The stock is under pressure near a new 52-week low of $6.25 amid steep declines. Joby is also running passenger-style route demonstrations in Dallas-Fort Worth and leased a 45,000-square-foot Fort Worth facility.