As of yesterday, August 11th, 2021, Santa Cruz based company Joby Aviation, Inc. known for developing all-electric aircraft for aerial ridesharing, completed its business combination with 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. Joby’s common stock and warrants are now on the New York Stock Exchange (“NYSE”) under the ticker symbols “JOBY” and “JOBY WS,” respectively.

Some common questions that we’ve been hearing as a result of this annoucement are “How do we get involved in the stock market?” and “Is this something I should invest in?”. We reached out to Thomas Wynn, a former professional trader, and owner of Wynn Capital Management, to get a simple, easy-to-understand breakdown of SPACS. Be sure to check out the video above to learn more!

NOTE: The founding investors are restricted from taking profits until 5 years or when the share value exceeds $50. These founders are committed to Joby’s success!