RADA Announces Proposed Public Offering of Ordinary Shares

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Go back to RADA Announces Proposed Public Offering of Ordinary Shares

RADA (RADA) Prices 4.19M Offering of Ordinary Shares at $5.25/Share

January 8, 2020 8:27 AM EST

RADA Electronic Industries Ltd. (RADA) (NASDAQ: RADA), a global defense technology company, today announced the pricing of its underwritten public offering of 4,190,480 of its ordinary shares at a price to the public of $5.25 per share. In addition, RADA has granted the underwriters of the offering a 30-day option to purchase up to an additional 628,572 of its ordinary shares to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to... More