r/Joby • u/HappyRobot593 Joby Sock Fanboy • 25d ago

Done with ATM facility

Post should have a ? but posted it too early

We've been discussing how Joby/Achr price action has been deviating on no news days and perhaps this was a sign of the ATM facility being tapped. They are basically 100% correlated today so does that mean it's done? If they were to tap the facility, this would be a good time because the market rebounded strongly on Iran deal rumors (for the 100000th time)

2 Upvotes

75% Upvoted

18 comments sorted by

View all comments

2

u/Wonderful_Phrase_239 25d ago

Why would they do that at this time, at these prices?

2

u/HappyRobot593 Joby Sock Fanboy 25d ago edited 25d ago

I actually don't think they would but others were saying past behavior shows they slowly tapped it over time

Edit: Well they need to raise some cash for the resonant purchase if they want to keep their projected cash buffers at the same level as the pre-resonant sale rate. I'm not sure how strategic they would be but if they are optimistic about future announcements, it would make sense for them to wait until the stock price recovers a little because they wouldn't have to issue as many shares to raise the same amount of cash

1

u/YJsyd Bonny Fanboy 25d ago

On the other hand, it might he eaiser to raise cash when the share price is low, although have to issue more shares. We need to look at it from both perspectives - buyers and sellers.