JOBY STOCK FALLS AFTER DISCOUNTED SALE

Shares of Joby Aviation (JOBY.N), opens new tab fell more than 11% on Wednesday after the electric air-taxi maker priced a $514 million discounted share sale.
The Santa Cruz, California-based company on late Tuesday sold 30.5 million shares at $16.85 per share, representing a 10.9% discount to the stock's previous close. Joby said it would use the proceeds to support aircraft certification and manufacturing, prepare for commercial operations and fund working capital and other general corporate needs.

#OceanNewsUK #UK #Ocean #breaking #latest #London

More On: oceannewsuk.com

📺Satellite - Asiasat7: Frequency 3880 H, Symbol Rate: 29720