Joby Aviation, Inc. Registration of securities issued in business combination transactions

Restatement of Financial Statements (Tables)

6 Months Ended

Dec. 31, 2020


	As of December 31, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet
Total assets	$	692,373,510		$	—		$	692,373,510

Liabilities and stockholders’ equity
Total current liabilities	$	421,572		$	—		$	421,572
Deferred legal fees		239,161			—			239,161
Deferred underwriting commissions		24,150,000						24,150,000
Derivative warrant liabilities		—			99,938,040			99,938,040

Total liabilities		24,810,733			99,938,040			124,748,773
Class A common stock, $0.0001 par value; shares subject to possible redemption		662,562,770			(99,938,040	)		562,624,730
Stockholders’ equity
Preferred stock- $0.0001 par value		—			—			—
Class A common stock - $0.0001 par value		274			1,000			1,274
Class B common stock - $0.0001 par value		1,725			—			1,725
Additional paid-in-capital		5,931,243			62,968,350			68,899,593
Accumulated deficit		(933,235	)		(62,969,350	)		(63,902,585	)

Total stockholders’ equity		5,000,007			—			5,000,007

Total liabilities and stockholders’ equity	$	692,373,510		$	—		$	692,373,510


	As of September 21, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Unaudited Condensed Balance Sheet
Total assets	$	694,363,065		$	—		$	694,363,065

Liabilities and shareholders’ equity
Total current liabilities	$	1,790,393		$	—		$	1,790,393
Deferred underwriting commissions		24,150,000			—			24,150,000
Derivative warrant liabilities		—			38,257,890			38,257,890

Total liabilities		25,940,393			38,257,890			64,198,283
Class A common stock, $0.0001 par value; shares subject to possible redemption		663,422,670			(38,257,890	)		625,164,780
shareholders’ equity
Preferred stock- $0.0001 par value		—			—			—
Class A common stock - $0.0001 par value		266			382			648
Class B common stock - $0.0001 par value		1,725			—			1,725
Additional paid-in-capital		5,071,351			1,288,818			6,360,169
Accumulated deficit		(73,340	)		(1,289,200	)		(1,362,540	)

Total shareholders’ equity		5,000,002			—			5,000,002

Total liabilities and shareholders’ equity	$	694,363,065		$	—		$	694,363,065



	Period From July 3, 2020 (Inception) Through December 31, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Statement of Operations
Loss from operations	$	(1,104,601	)	$	—		$	(1,104,601	)
Other (expense) income:
Change in fair value of warrant liabilities		—			(61,680,150	)		(61,680,150	)
Financing costs		—			(1,289,200	)		(1,289,200	)
Unrealized gain on investments held in Trust Account		171,366			—			171,366

Total other (expense) income		171,366			(62,969,350	)		(62,797,984	)

Net loss	$	(933,235	)	$	(62,969,350	)	$	(63,902,585	)

Basic and Diluted weighted-average Class A common stock outstanding		69,000,000			—			69,000,000

Basic and Diluted net loss per Class A common shares	$	0.00			—		$	—

Basic and Diluted weighted-average Class B common stock outstanding		17,250,000			—			17,250,000

Basic and Diluted net loss per Class B common shares	$	(0.05	)	$	(3.65	)	$	(3.70	)


	Period From July 3, 2020 (Inception) Through December 31, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Statement of Cash Flows
Net loss	$	(933,235	)	$	(62,969,350	)	$	(63,902,585	)
Adjustments to reconcile net loss to net cash used in operating activities		(146,366	)		62,969,350			62,822,984
Net cash used in operating activities		(1,165,494	)		—			(1,165,494	)
Net cash used in investing activities		(690,000,000	)		—			(690,000,000	)
Net cash provided by financing activities		692,860,173			—			692,860,173

Net change in cash	$	1,694,679		$	—		$	1,694,679