Deal Details
RADA Completes $60 Million Follow-On Offering
Summary
Rada Electronic Industries Ltd. (“RADA” or “The Company”) (NASDAQ and TASE: RADA) recently completed a follow-on offering of 5,175,000 Class A common shares, including the exercise in full of the underwriters’ overallotment option, at a public offering price of $11.50 per share, generating gross proceeds of approximately $59.5 million.
Baird served as an active bookrunner on this offering.
About
RADA is an Israel-based defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, offering software-defined, multi-mission solutions which perform while on-the-move. These radars address attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications. RADA also develops, manufactures and sells avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data / video recording and management systems.CONTACT US TO LEARN MORE
- Date
- March 2021
- Company
- Rada Electronic Industries Ltd.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Defense & Government
- Target Geography
- Europe
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