Joby shares rise after Strata Critical resale filing as autonomous tour begins

  • Joby filed a prospectus supplement covering Strata Critical's potential resale of 2,419,801 shares issued after Blade operations met EBITDA milestones.
  • The registered shares represent about 0.24% of Joby's roughly 996.3 million outstanding common shares, and Joby will receive no resale proceeds.
  • Joby launched a month-long autonomous J208 tour across 10 states, including passenger-style demonstrations in the Dallas-Fort Worth area.

Joby Aviation Inc. (NYSE:JOBY) shares rose 1.98% to $6.43 Friday after the company filed a prospectus supplement covering the potential resale of 2,419,801 shares held by Strata Critical Inc. The shares were issued Sept. 8 after operations acquired from Blade Air Mobility met specific EBITDA milestones and represent about 0.24% of Joby's roughly 996.3 million outstanding shares. Joby will receive no resale proceeds, and Strata Critical is not required to sell. Separately, Joby launched a month-long, 10-state coast-to-coast tour for its autonomous J208, a converted Cessna Caravan, including demonstrations around Dallas-Fort Worth and a Fort Worth appearance at the launch of a White House-supported eVTOL and Advanced Air Mobility Integration Pilot Program hosted by U.S. Transportation Secretary Sean Duffy.

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