Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
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.
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.
For additional information about this transaction, please contact: