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.
Law Firms: Gornitzky & Co.;