Joby Aviation and Quantum Computing both fell in premarket trading on planned share sale.
Joby Aviation's shares fell 7.3% in premarket trading as electric air taxi maker looks to raise additional equity.
Santa Cruz, California-based firm files up to $300 mln ATM ("at-the-market") stock sale agreement to be handled by Morgan Stanley and Allen & Co。
It plans to use net offering proceeds from any sales to fund certification/manufacturing efforts, prepare for commercial operations and for other purposes。
The Toyota Motor Corp 7203.T-backed firm in late Oct priced 40 mln share offering at $5.05 for $202 mln raise.
JOBY shares on Tues closed up 0.1% at $8.54 for roughly $6.5 bln market cap.
Quantum Computing, an innovative, integrated photonics and quantum optics technology company, said it has entered into agreements to sell about 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering.
The shares dropped 5.6% in premarket trading.
The company also agreed to sell an additional about 8.5 million shares at the same price in a concurrent private placement.
Total gross proceeds from the offerings are expected to be $50 million, with closing anticipated on or about Thursday.
The company said it plans to use the net proceeds for working capital and general corporate purposes.