RADA Electronic Industries LTD.
Canaccord Genuity acts as Joint Bookrunner to RADA Electronic Industries LTD. on its $59.5 million Follow-On Offering
Canaccord Genuity is pleased to announce the completion of a follow-on offering of 5.175 million shares at US$11.50 per share, which includes the full exercise of the underwriters’ overallotment option, raising gross proceeds of US$59.5125 million.
RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The company is a leader in mini-tactical radars, serving attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications.Canaccord Genuity acted as Joint Bookrunner for the offering. The Canaccord Genuity team included John Stack, Jennifer Pardi, Shachar Familia, Brian O’Connor, Mike Wright, John Palmeri and Brooke Szczygiel.