Rada Electronic to conduct $8.5 million public sale of ordinary stock

Bookrunner Chardan Capital Markets is raising funds for debt repayment

By Devika Patel

Knoxville, Tenn., July 15 – Rada Electronic Industries Ltd. will sell $8.5 million of its ordinary stock in a public offering with a 45-day greenshoe, according to a Form F-1/A filed Wednesday with the Securities and Exchange Commission. The deal was announced on June 3.

Chardan Capital Markets, LLC is the bookrunning manager.

Proceeds will be used for debt repayment, fees and expenses and general corporate purposes, including working capital.

The defense electronics contractor is based in Netanya, Israel.

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