Extraordinary General Meeting of Shareholders
to be Held on August 5, 2021
Reinvent Technology Partners (“RTP”) (NYSE: RTP), a special
purpose acquisition company that takes a “venture capital at scale”
approach to partnering with bold leaders and companies, announced
on Friday that the Extraordinary General Meeting of Shareholders
(“Extraordinary Meeting”) to vote on the approval and adoption of
RTP’s business combination agreement with Joby Aviation, a
transportation company developing an all-electric, vertical
take-off and landing aircraft that it intends to operate as a
commercial passenger aircraft beginning in 2024, will be held on
August 5, 2021 at 12:00 p.m. Eastern time.
RTP shareholders of record as of the close of business on June
14, 2021 are entitled to vote at the Extraordinary Meeting. The
business combination, if approved by RTP shareholders, is expected
to close as soon as practicable following the Extraordinary
Meeting. Upon the closing of the business combination, RTP will
change its name to Joby Aviation, Inc. (the “Combined Company”) and
the Combined Company’s shares and warrants are expected to trade on
the New York Stock Exchange under the ticker symbol “JOBY” and
“JOBY WS,” respectively.
A Special Meeting of Public Warrant Holders (“Warrant Holders
Meeting”) to vote on the approval of certain amendments to the
warrant agreement between RTP and Continental Stock Transfer &
Trust Company, as warrant agent, will be held at 12:30 p.m. Eastern
time on the same date. Public warrant holders of record as of the
close of business on June 14, 2021 are entitled to vote at the
Warrant Holders Meeting.
A definitive proxy statement and other relevant documents will
be mailed, on or about July 19, 2021, to RTP shareholders and
public warrant holders of record as of the close of business on
June 14, 2021. Shareholders and public warrant holders are
encouraged to read the proxy statement and accompanying documents
in their entirety. Shareholders and public warrant holders can also
obtain free copies of the proxy statement and all relevant
documents filed or that will be filed with the U.S Securities and
Exchange Commission (“SEC”) by RTP (when available) through the
website maintained by the SEC at http://www.sec.gov. The documents
filed by RTP with the SEC may also be obtained free of charge at
RTP’s website at
https://a.reinventtechnologypartners.com/investor-relations or by
written request to: Reinvent Technology Partners, 215 Park Avenue,
Floor 11, New York, NY 10003.
Shareholders and/or public warrant holders of RTP are encouraged
to submit their vote as soon as possible to ensure they are
represented at the Extraordinary Meeting and/or the Warrant Holders
Meeting, as applicable. RTP has engaged Morrow Sodali LLC ("Morrow
Sodali") as its proxy solicitor in connection with the
Extraordinary Meeting and the Warrant Holders Meeting. Shareholders
or public warrant holders needing assistance in voting can contact
Morrow Sodali by calling 800-662-5200, or banks and brokers can
call collect at 203-658-9400, or by emailing
RTP.info@investor.morrowsodali.com.
About Joby Aviation
Joby Aviation is a California headquartered transportation
company developing an all-electric vertical takeoff and landing
aircraft which it intends to operate as a fast, quiet, and
affordable air taxi service beginning in 2024. The zero emissions
aircraft, which is quiet at takeoff and near silent when flying
overhead, can transport four passengers and a pilot up to 150 miles
on a single charge and can cruise at 200 mph. It is designed to
help reduce urban congestion and accelerate the shift to
sustainable modes of transit. Founded in 2009, Joby employs more
than 800 people, with offices in Santa Cruz, San Carlos, and
Marina, California, as well as Washington D.C. and Munich, Germany.
To learn more, visit www.jobyaviation.com
About Reinvent Technology Partners
Reinvent Technology Partners is a newly formed special purpose
acquisition company led by Reid Hoffman, Mark Pincus and Michael
Thompson, that takes a “venture capital at scale” approach to
partnering with bold leaders and companies. RTP will support a
technology business to innovate and achieve entrepreneurship at
scale by leveraging its team’s operating expertise as founders of
iconic technology companies, their experience building companies as
advisors and board members, and the capital raised in its initial
public offering.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed transaction between Reinvent Technology Partners
(“RTP”) and Joby Aero, Inc. (“Joby Aviation”). These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of RTP’s securities, (ii) the risk that the transaction may not be
completed by RTP’s business combination deadline and the potential
failure to obtain an extension of the business combination deadline
if sought by RTP, (iii) the failure to satisfy the conditions to
the consummation of the transaction, including the adoption of the
Agreement and Plan of Merger, dated as of February 23, 2021 (the
“Merger Agreement”), by and among RTP, Joby Aviation and RTP Merger
Sub Inc., a Delaware corporation and a direct wholly owned
subsidiary of RTP, by the shareholders of RTP, the satisfaction of
the minimum trust account amount following redemptions by RTP’s
public shareholders and the receipt of certain governmental and
regulatory approvals, (iv) the lack of a third party valuation in
determining whether or not to pursue the transaction, (v) the
inability to complete the PIPE investment in connection with the
transaction, (vi) the occurrence of any event, change or other
circumstance that could give rise to the termination of the Merger
Agreement, (vii) the effect of the announcement or pendency of the
transaction on Joby Aviation’s business relationships, operating
results and business generally, (viii) risks that the proposed
transaction disrupts current plans and operations of Joby Aviation
and potential difficulties in Joby Aviation employee retention as a
result of the transaction, (ix) the outcome of any legal
proceedings or other disputes that may be instituted against Joby
Aviation or against RTP related to the Merger Agreement or the
transaction, (x) the ability to maintain the listing of RTP’s
securities on a national securities exchange, (xi) the price of
RTP’s securities may be volatile due to a variety of factors,
including changes in the competitive and highly regulated
industries in which RTP plans to operate or Joby Aviation operates,
variations in operating performance across competitors, changes in
laws and regulations affecting RTP’s or Joby Aviation’s business
and changes in the combined capital structure, (xii) the ability to
implement business plans, forecasts, and other expectations after
the completion of the transaction, and identify and realize
additional opportunities, and (xiii) the risk of downturns and a
changing regulatory landscape in the highly competitive aviation
industry. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of RTP’s
Annual Report on Form 10-K for the year ended December 31, 2020, as
amended, the registration statement on Form S-4 (File No.
333-254988) discussed below and other documents filed by RTP from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and RTP and Joby
Aviation assume no obligation and do not intend to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise. Neither RTP nor Joby
Aviation gives any assurance that either RTP or Joby Aviation or
the combined company will achieve its expectations.
Important Information for Investors and Stockholders
This press release relates to a proposed transaction between RTP
and Joby Aero, Inc. (“Joby”). This press release does not
constitute an offer to sell or exchange, or the solicitation of an
offer to buy or exchange, any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, sale or
exchange would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. In connection
with the proposed transaction, RTP has filed a registration
statement on Form S-4 (333-254988), and a final proxy
statement/prospectus will be sent to all RTP shareholders. RTP also
will file other documents regarding the proposed transaction with
the SEC. Before making any voting decision, investors and security
holders of RTP are urged to read the registration statement, the
proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC in connection with the proposed
transaction as they become available because they will contain
important information about the proposed transaction.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by RTP through the website maintained by
the SEC at www.sec.gov.
The documents filed by RTP with the SEC also may be obtained
free of charge at RTP’s website at
https://www.reinventtechnologypartners.com or upon written request
to 215 Park Avenue, Floor 11 New York, NY.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210720005713/en/
For Joby Aviation
Investors: investors@jobyaviation.com +1-831-201-6006
Media: Mojgan Khalili press@jobyaviation.com
For Reinvent Technology Partners
Investors: ir@reinventtechnologypartners.com
Media: Ed Trissel / Scott Bisang Joele Frank, Wilkinson Brimmer
Katcher 212-355-4449
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