Mergers & Acquisitions ·
Joby Aviation entered into a definitive agreement on August 8, 2026, to acquire Resonant Sciences for approximately…
JOBY-WTJoby Aviation, Inc.
Joby Aviation entered into a definitive agreement on August 8, 2026, to acquire Resonant Sciences for approximately $500 million. The consideration consists of roughly $450 million in cash and $50 million in Joby common stock issued to management members at a fixed price of $7.4752 per share. Resonant Sciences reported over $100 million in trailing-twelve-month revenue with approximately 40% year-over-year growth and high-teens adjusted EBITDA margins. Upon closing, expected in the first half of 2027, Resonant will become Joby’s dedicated defense business unit. Concurrently, Joby established an at-the-market equity distribution agreement to sell up to $750 million of its common stock through various financial institutions.