Rada Electronic Industries Ltd.’s $25 Million Follow-On Offering


Gornitzky advised the underwriters, led by Canaccord in the USD 25 million follow-on offering of Rada Electronic Industries Ltd. on the Nasdaq Capital Market.

RADA Electronic Industries Ltd. (“RADA”) (NASDAQ: RADA), offered 4,190,480 of its ordinary shares at a price to the public of $5.25 per share. In addition, RADAhas granted the underwriters of the offering a 30-day option to purchase up toan additional 628,572of its ordinary shares to cover overallotments

RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems.

Canaccord Genuity LLC acted as the sole bookrunner for the offering. A.G.P./Alliance Global Partners acted as the co-manager for the offering.

The Gornitzky team was composed by partners Chaim Friedland (Picture) and Ari Fried along with associates Neta Peled and Netanel Kahane.

Involved fees earner: Ari Fried – Gornitzky & Co.; Chaim Friedland – Gornitzky & Co.; Netanel Kahane – Gornitzky & Co.; Neta Peled – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: A.G.P. / Alliance Global Partners; Canaccord Genuity;

Author: Michael Patrini.