Joby Aviation (JOBY) Stock: Why Shares Dropped 9% Before the Bell

TLDR Joby Aviation (JOBY) shares fell 9.1% in premarket trading after the company announced a larger-than-expected $1.2 billion capital raise. The company is selling $600 million in convertible notes with 0.75% interest and $600 million in stock at $11.35 per share. Proceeds will fund certification efforts targeting mid-2026 for the Middle East and late 2026 [...]

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