EX-99.1 3 joby-20260107xex_991.htm EX-99.1 Document Joby to acquire a second manufacturing facility in the Dayton, Ohio area, which spans more than 700,000 square feet. Credit: Joby Aviation Joby to Expand Manufacturing Footprint with Acquisition of Second Ohio Facility ● 700,000 square-foot facility adds significant manufacturing capacity for aircraft production ● With manufacturing lines in California and Ohio, additional facility will expand Joby’s dual-site manufacturing strategy and leverage Ohio’s deep aerospace talent ● Marks a major step towards Joby’s commitment to double aircraft production in 2027 Dayton, Ohio - January 7, 2026 - Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area spanning more than 700,000 square feet. The facility, which is ready for immediate use, will initially support Joby’s plans to double (https://www.jobyaviation.com/news/joby-announces-plans-to-double-manufacturing-capacity-in-united-states/) production to four aircraft per month in 2027, while also providing space for significan…
Open exhibit ↗Current Report · Items 1.01, 7.01, 9.01 · 8-K
Joby Aviation, Inc.
JOBYNYSEEQUITYCurrent
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01. Entry into a Material Definitive Agreement. On January 7, 2026, Joby Aero, Inc., a wholly-owned subsidiary of Joby Aviation, Inc., (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Capstone STS, LLC, a Texas limited liability company (“Seller”).…
Company context
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Current securities
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On January 7, 2026, Joby Aero, Inc., a wholly-owned subsidiary of Joby Aviation, Inc., (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Capstone STS, LLC, a Texas limited liability company (“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 $61,500,000 (the “Purchase Price”). The Property consists of approximately 728,000 square feet located at 1669 Capstone Way, Vandalia, Ohio.
Under the Agreement, the Company will deposit $1,000,000 in escrow (the “Deposit”). The Company’s obligation to purchase the Property is conditioned upon, among other things, (i) the Company’s review and approval of certain diligence related to the title to the Property and (ii) Seller, or its lending affiliate, being prepared to fund, simultaneous with the closing, a portion of the Purchase Price in accordance with the terms agreed to by the parties.
The Company may terminate the Agreement due to title report objections prior to January 15, 2026. The closing of the transaction (the “Closing”) will occur no later than February 27, 2026. If the Closing does not occur because the Company terminates the agreement due to a title report objection, a material breach of the Seller’s obligations or a condemnation, or damage or destruction of the Property prior to Closing, the Deposit will be returned to the Company. If the Closing does not occur for any other reason, the Deposit will be paid to the Seller as liquidated damages.
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.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On January 7, 2026, the Company issued a press release entitled “Joby to Expand Manufacturing Footprint with Acquisition of Second Ohio Facility.” The press release is attached hereto as Exhibit 99.1 and incorporated herein solely for purposes of this Item 7.01 disclosure.
The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act, as amended, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act, as amended, regardless of any general incorporation language in such filings. This Current Report will not be deemed an admission as to the materiality of any information contained in this Item 7.01, including Exhibit 99.1.