Upon the closing of the business combination, RTP will change its name to Joby Aviation, Inc. and shares and warrants of Joby Aviation, Inc. are expected to trade on the New York Stock Exchange under the ticker symbol "JOBY" and "JOBY WS," respectively. This transaction values Joby at $4.5 billion enterprise value.

Will RTP stock become JOBY stock?

Upon the completion of the transaction, RTP changed its name to “Joby Aviation, Inc.” Joby's common stock and warrants will commence trading on the New York Stock Exchange (“NYSE”) on August 11, 2021, under the ticker symbols “JOBY” and “JOBY WS,” respectively.

Is RTP merging with JOBY?

The shareholders of the blank-check company Reinvent Technology Partners (NYSE: RTP) have approved its merger with Joby, positioning the California-based eVTOL developer to begin trading on the New York Stock Exchange next week under the ticker symbol JOBY.