joby-20221104

Delaware

001-39524

98-1548118

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

2155 DELAWARE AVENUE

SUITE #225

SANTA CRUZ

California

95060

(Address of Principal Executive Offices)

(Zip Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class

Trading
Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

JOBY

New York Stock Exchange

Warrants to purchase common stock

JOBY WS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

On November 4, 2022, Joby Aero, Inc., a wholly-owned subsidiary of Joby Aviation, Inc., (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Frederick Electronics Corporation, a Maryland corporation (“Frederick”) and Plantronics, Inc., a Delaware corporation (“Plantronics” and, together with Frederick, the “Seller”). Pursuant to the terms of the Agreement, the Company agreed to purchase certain real property, improvements and other assets (the “Property”) from the Seller for a purchase price of $25,500,000 (the “Purchase Price”).

The Property consists of approximately 162,000 square feet across five buildings located at 345 Encinal Street, Santa Cruz, California. The Company has agreed to lease back to the Plantronics a portion of the Property for up to 12 months.

Under the Agreement, the Company will deposit $400,000 in escrow (the “Deposit”) within five days after entering into the Agreement.

If the Company elects to proceed with the purchase of the Property, the closing of the transaction (the “Closing”) will occur on November 30, 2022. If the Closing does not occur because of the Company’s failure to timely perform any of its obligations under the Agreement, the Deposit will be paid to the Seller as liquidated damages. If the Closing does not occur for any other reason, the Deposit will be returned to the Company.

The foregoing description of the Agreement is a summary and is qualified in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.1.


Exhibit Number						Exhibit Description
10.1						Purchase and Sale Agreement, dated November 4, 2022
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


			Joby Aviation, Inc.

Date:	November 9, 2022	By:	/s/ Matthew Field
		Name:	Matthew Field
		Title:	Chief Financial Officer