RADA Electronic Industries (RADA) Plans 1-for-2 Reverse Split

September 14, 2016 1:54 PM EDT

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

RADA Electronic Industries Ltd. (Nasdaq: RADA) hereby announces that the reverse share split previously approved by the Company’s shareholders on August 31, 2016 has become effective on September 14, 2016. Pursuant to the reverse split, each 2 Ordinary Shares, NIS 0.015 nominal value per share, will be converted into one Ordinary Share, NIS 0.030 nominal value per share. No fractional shares will be issued as a result of the reverse- split.

As of September 12, 2016, there were 34,428,237 Ordinary Shares outstanding and after the reverse split there will be 17,214,119 Ordinary Shares outstanding.

 


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Stock Splits

Add Your Comment