Joby Aviation, Inc. disclosed on July 28, 2026, that outstanding warrants trading under the ticker JOBY WS will expire on August 10, 2026. The company notified holders that approximately 14.2 million warrants remain outstanding, each conferring the right to purchase one share of common stock at $11.50 per share. Warrant holders must exercise their positions before the August 7, 2026, trading halt or forfeit their rights entirely, with no opportunity for exercise after the deadline.

Key Points

  • NYSE: JOBY-WT; warrants trade under the symbol JOBY WS
  • Warrant expiration date is Monday, August 10, 2026, with NYSE trading suspension after close on August 7, 2026
  • As of June 30, 2026, 14,237,486 warrants were outstanding, each exercisable for one common share at $11.50 per share
  • Warrant holders must contact their brokers or custodians immediately to arrange exercise before the 5:00 p.m. New York time deadline on August 7, 2026

Outstanding Warrant Details and Exercise Price

The disclosure confirms that as of June 30, 2026, Joby Aviation had 14,237,486 warrants outstanding. Each warrant (identified by CUSIP No. G65163 118) represents the right to purchase exactly one share of the company's common stock at a fixed exercise price of $11.50 per share. This exercise price represents the amount warrant holders would need to pay to convert their warrant position into equity ownership at the time of exercise.

The warrants have been publicly traded on the New York Stock Exchange under the symbol JOBY WS, providing holders with a liquid market in which to buy, sell, or hold their warrant positions. The disclosure does not provide information regarding the current market price of the warrants, the trading volume, or any recent price movements in the warrant security.

Critical Trading Suspension and Expiration Timeline

The announcement establishes a precise timeline that warrant holders must observe to preserve their rights. The NYSE notified Joby Aviation that trading in the warrants will be suspended after the close of trading on August 7, 2026. This suspension is designed to allow sufficient settlement time for any final trades executed before the expiration date, ensuring that transactions can be settled by August 10, 2026.

The company emphasized that any warrants not exercised prior to 5:00 p.m. New York time on August 7, 2026, will expire and become void. Once expired, warrant holders will no longer possess any rights under these securities and cannot exercise them at any future date. This creates an absolute deadline for warrant holders to take action through their brokers or custodians.

Exercise Procedures for Warrant Holders

The disclosure instructs warrant holders who wish to exercise their warrants to contact the broker or custodian through which they hold their warrants for specific exercise instructions. This guidance recognizes that most warrant holders maintain their positions through intermediaries rather than holding warrants directly in registered form, requiring coordination between beneficial owners and their financial institutions.

The company encouraged brokers and custodians to contact the warrant agent, Continental Stock Transfer & Trust Company, well in advance of the expiration date and DTCC's cutoff time on August 10, 2026. The warrant agent's contact information is provided as [email protected] or [email protected], enabling financial intermediaries to confirm procedures and timelines for processing warrant exercises before the deadline arrives.

Warrant Agent and Settlement Coordination

Continental Stock Transfer & Trust Company serves as the warrant agent responsible for processing warrant exercises and managing the mechanics of converting warrants into common stock shares. The disclosure indicates that the warrant agent works in coordination with DTCC (Depository Trust & Clearing Corporation), the central securities depository, to establish cutoff times and settlement procedures for warrant exercises executed during the final days before expiration.

The encouragement for brokers and custodians to contact the warrant agent well in advance suggests that processing warrant exercises involves multiple steps and coordination among several parties. Delays in communication or processing between warrant holders, their brokers, custodians, and the warrant agent could result in missed exercise deadlines, making early contact essential for those intending to exercise.

Implications for Warrant Holder Decision-Making

Warrant holders now face a binary decision: exercise their warrants by converting them into common stock shares at $11.50 per share, or allow their warrants to expire worthless on August 10, 2026. The disclosed information does not provide guidance regarding the current market price of Joby Aviation's common stock or the warrant security itself, limiting the factual basis available in the disclosure for warrant holders to evaluate whether exercise is economically justified.

The decision to exercise typically depends on comparing the exercise price to the current market value of the underlying common stock. However, warrant holders and investors reviewing this disclosure should conduct their own market analysis using current pricing data available through financial data providers and their brokers, as such information falls outside the scope of this company disclosure.

Outstanding Warrant Composition and Corporate Capital Structure

The filing states that the warrants represent a material component of Joby Aviation's outstanding equity-related securities. With 14.2 million warrants outstanding as of June 30, 2026, each convertible into one common share at $11.50, the warrants represent the potential issuance of additional equity if exercised by their holders. This figure is relevant to investors assessing the company's potential dilution and fully diluted share count.

The disclosure does not provide information regarding the company's total common shares outstanding, the fully diluted share count including warrants, or any guidance regarding the expected number of warrants that might be exercised prior to expiration. Investors seeking this information would need to consult Joby Aviation's most recent quarterly or annual report filed with the SEC.

Broker and Custodian Action Requirements

Warrant holders should recognize that their ability to exercise depends on their brokers or custodians taking action on their behalf. Institutional and retail investors holding warrants through traditional brokerage accounts must communicate their exercise intentions to their financial intermediaries rather than taking direct action themselves. Failure to communicate with brokers or custodians by August 7, 2026, will result in automatic expiration regardless of the warrant holder's actual intentions.

The disclosure encourages brokers and custodians to take proactive steps to confirm procedures with the warrant agent and to notify their clients of the impending deadline. However, warrant holders bear ultimate responsibility for ensuring that their exercise instructions are properly communicated and executed within the specified timeframe. This places the burden on individual warrant holders to act promptly and confirm that their brokers have received and understand their instructions.

Comparison to Previous Warrant Expiration Dates and Historical Context

The August 10, 2026, expiration date represents a specific milestone in the lifecycle of Joby Aviation's warrant securities. The company's disclosure does not provide historical information regarding when these warrants were originally issued, the original issue price, or how many warrants have been exercised in prior periods. Investors interested in understanding the historical exercise pattern would need to consult the company's regulatory filings from the period when the warrants were first issued.

This announcement marks the point at which warrant holders must make a final determination regarding their positions. Once the deadline passes, all unexercised warrants will be permanently forfeited, and the equity potential represented by those warrants will be eliminated. The company's disclosure serves to notify market participants of this terminal event and to establish clear procedures for those choosing to exercise before expiration.

Regulatory Compliance and NYSE Coordination

The disclosure demonstrates coordination between Joby Aviation and the New York Stock Exchange regarding the orderly wind-down of warrant trading. The NYSE's decision to suspend trading on August 7, 2026, after close of business reflects standard regulatory practice ensuring that all trades can be settled by the actual expiration date. This settlement window is necessary to prevent trades that cannot be completed before expiration and the associated legal complications.

The filing indicates that Joby Aviation has complied with SEC requirements to notify warrant holders of the impending expiration through this current report disclosure. The specific timing of this July 28, 2026, announcement provides warrant holders with approximately 10 calendar days' notice before trading suspension and 13 calendar days before the absolute expiration deadline. This notice period aligns with standard practice for warrant expirations and provides market participants with reasonable time to take action.