Joby Aviation Announces $500M Acquisition and Establishes $750M ATM Equity Program

Joby Aviation has entered into a material definitive agreement to acquire Strix Holdings, Inc. for a base purchase price of $500 million. Concurrently, the company has established an at-the-market (ATM) equity offering program to sell up to $750 million of its common stock from time to time.

Key Details

• Acquisition: Joby will acquire Strix Holdings, Inc., the parent company of Resonant Sciences, LLC, for a base price of $500 million, subject to adjustments. The agreement was made on August 8, 2026.
• Acquisition Consideration: The purchase will be funded primarily with cash, with approximately $50 million of the consideration payable to certain management members in the form of Joby common stock priced at a VWAP of $7.4752.
• ATM Equity Program: On August 11, 2026, Joby entered into an Equity Distribution Agreement allowing for the sale of up to $750 million of its common stock through an ATM offering.
• ATM Managers: The offering will be managed by Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC, and BofA Securities, Inc., who will receive a commission of up to 3.0% of gross sales.