🔴 Joby Aviation is trading 4.1% down today as investors weigh planned $500 million acquisition

Joby Aviation is trading 4.1% down at $7.92 as investors continue weighing its planned $500 million acquisition of Resonant Sciences, announced August 11.

• The deal includes approximately $450 million in cash and $50 million in Joby common stock, raising cash-deployment and execution concerns as its air-taxi program advances.
• Reuters reported it expands Joby’s defense business.
• Broader markets are also lower, but the acquisition appears the clearer company-specific catalyst; trading activity and volume data were unavailable.