Technology partners

Reinvent Technology Partners Announces Extraordinary General Meeting to Approve Business Combination with Joby Aviation

NEW YORK–(BUSINESS WIRE)–Reinvent Technology Partners (“RTP”) (NYSE: RTP), a special purpose acquisition firm that takes a “scaled venture capital” 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 transport company developing a The all-electric vertical takeoff and landing, which it intends to operate as a commercial passenger aircraft from 2024, will take place on August 5, 2021 at 12:00 a.m. Eastern Time.

RTP shareholders of record at 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 possible after the extraordinary meeting. Upon closing of the Business Combination, RTP will change its name to Joby Aviation, Inc. (the “Combined Company”) and the shares and warrants of the Combined Company are expected to trade on the New York Stock Exchange under the symbol ” JOBY” and “JOBY WS”, respectively.

A special meeting of warrantholders (“warrantholders’ 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 warrantholders of record at the close of business on June 14, 2021 are entitled to vote at the meeting of warrantholders.

A definitive proxy statement and other relevant materials will be mailed on or about July 19, 2021 to RTP shareholders and public warrant holders of record at the close of business on June 14, 2021. Shareholders and holders of public warrants are encouraged to read the proxy statement and accompanying documents in their entirety. Shareholders and holders of public warrants may also obtain free copies of the proxy statement and all relevant documents filed or to be filed with the United States Securities and Exchange Commission (“SEC”). by RTP (if applicable) via the website operated by the SEC at Documents filed by RTP with the SEC may also be obtained free of charge from RTP’s website at or by written request to: Reinvent Technology Partners, 215 Park Avenue, Floor 11, New York, NY 10003.

Shareholders and/or holders of RTP’s public BSAs are invited to vote as soon as possible in order to be represented at the Extraordinary Meeting and/or the BSA Meeting, as the case may be. RTP has engaged Morrow Sodali LLC (“Morrow Sodali”) as proxyholder in connection with the Special Meeting and the Warrantholders’ 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 [email protected]

About Joby Aviation

Joby Aviation is a California-based transportation company developing an all-electric vertical take-off and landing aircraft that it intends to operate as a fast, quiet, and affordable air taxi service from 2024. zero-emissions, which is silent on takeoff and near silent when hovering, can carry 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 transport. Founded in 2009, Joby employs more than 800 people, with offices in Santa Cruz, San Carlos and Marina, California, as well as Washington DC and Munich, Germany. To learn more, visit

About Reinvent Technology Partners

Reinvent Technology Partners is a new, special-purpose acquisition firm led by Reid Hoffman, Mark Pincus and Michael Thompson that takes a “large-scale venture capital” approach to partnering with bold leaders and companies. RTP will help a technology company innovate and build entrepreneurship at scale by leveraging its team’s operational expertise as founders of iconic technology companies, their experience building companies as as advisers and members of the board of directors, and of the capital raised during its initial public offering.

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of federal securities laws regarding the proposed transaction between Reinvent Technology Partners (“RTP”) and Joby Aero, Inc. (“Joby Aviation”). These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity “, “plan,” “may,” “should,” “will,” “would,” “will,” “will,” “will likely,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained herein, including, but not limited to: (i) the risk that the transaction will not close in a timely manner or not any, which could have an adverse effect on the price of RTP’s securities, (ii) the risk that the transaction will not be completed by RTP’s business combination deadline and the possible failure to obtain an extension the business combination deadline if RTP so requests, (iii) non-compliance with the conditions for the completion of the transaction, including the adoption of the agreement and the merger plan, dated February 23 2021 (the “Merger Agreement”), by and between 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 amount of the trust account following redemptions by the public shareholders of RTP and the receipt of certain of the government approvals, (iv) the absence of a third-party assessment to determine whether or not to proceed with the transaction, (v) the inability to complete the investment PIPE in connection with the Transaction, (vi) the occurrence of any event, change or other circumstance that may give rise to the termination of the Merger Agreement, (vii) the effect of announcing or expecting the transaction on Joby Aviation’s business relationships, results of operations and business generally, (viii) the risks that the proposed transaction will disrupt Joby Aviation’s ongoing plans and operations and potential difficulties in retaining employees of Joby Aviation as a result of the Transaction, (ix) the outcome of any legal proceedings or other litigation that may be brought against Joby Aviation or against RTP related to the Merger Agreement or the Transaction, (x) the ability to maintain the rating n securities of RTP on a national stock exchange, (xi) the price of securities of RTP may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RTP expects to operate in which Joby Aviation operates, variations in operating performance between competitors, changes in laws and regulations affecting the business of RTP or Joby Aviation and changes in the combined capital structure, (xii) the ability to implement implementation of business plans, forecasts and other expectations following the completion of the transaction, and to identify and realize additional opportunities, and (xiii) the risk of a downturn and the changing regulatory landscape in the industry highly competitive aeronautics. 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 fiscal year ended December 31, 2020, as amended, Statement of registration 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 place undue reliance on forward-looking statements, and RTP and Joby Aviation undertake 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 guarantees that RTP or Joby Aviation or the combined company will achieve their expectations.

Important information for investors and shareholders

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, securities, and there will be no sale of securities in any jurisdiction in which a such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of 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 will also 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, proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC. in connection with the proposed transaction as they become available as they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC by RTP through the website maintained by the SEC at

Documents filed by RTP with the SEC may also be obtained free of charge from RTP’s website at or upon written request to 215 Park Avenue, Floor 11 New York, NY.