RADA Electronic Industries (RADA) to Offer Ordinary Shares

RADA Electronic Industries Ltd. (NASDAQ: RADA) a global defense technology company, today announced that it intends to offer and sell its ordinary shares in an underwritten public offering. RADA also expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of its ordinary shares sold in the offering on the same terms and conditions. There can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.

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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