Joby Aviation Inc (NYSE:JOBY) shares are tumbling in Wednesday’s after-hours session after the company announced a proposed offering.
- Joby Aviation shares are moving lower. What’s ahead for JOBY stock?
Joby Proposes Offering Of Common Stock, Convertible Senior Notes
Joby said it intends to offer convertible senior notes due 2032 and shares of its common stock for anticipated proceeds of $1 billion. The company plans to grant the underwriters a 30-day window to purchase additional common stock and notes.
In addition, Morgan Stanley intends to offer shares in a delta offering. The number of shares of common stock in the offering will be determined at the time of pricing. No new shares of common stock will be issued in the delta offering, and Joby will not receive any proceeds.
Joby intends to use a portion of the net proceeds from the note offering to fund the cost of entering into the capped call transactions. The company plans to use the remainder of the net proceeds, together with the proceeds from the common stock offering, existing cash and cash equivalents, to fund its certification and manufacturing efforts and prepare for commercial operations.
Joby had approximately $978.1 million in cash, cash equivalents and investments in marketable securities as of Sept. 30, 2025. The company is due to report earnings again next month.
How To Buy JOBY Stock
By now you’re likely curious about how to participate in the market for Joby Aviation — be it to purchase shares or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.
JOBY Shares Fall After Hours
JOBY Price Action: Joby shares were down 11.43% in after-hours, trading at $11.85 at the time of publication on Wednesday, according to Benzinga Pro.
Photo: courtesy of Joby Aviation.
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