RADA Electronic Industries (RADA) Prices Public Offering of 4.5M Ordinary Shares at $11.50/sh

March 4, 2021 8:40 AM EST

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RADA Electronic Industries Ltd. (“RADA”) (NASDAQ and TASE: RADA), a global defense technology company, today announced the pricing of its public offering of 4,500,000 ordinary shares at a public offering price of $11.50 per share. The gross proceeds to RADA from this offering are expected to be approximately $51.75 million before deducting the underwriting discounts and commissions and other offering expenses payable by RADA.

RADA has granted the underwriters a 30-day option to purchase up to an additional 675,000 ordinary shares on the same terms and conditions. The offering is expected to close on or about March 8, 2021, subject to customary closing conditions.

RADA intends to use the net proceeds from this offering for general corporate purposes.

Jefferies LLC, Baird and Canaccord Genuity are acting as joint bookrunners for this offering. A.G.P./Alliance Global Partners is acting as lead manager in the offering.



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