RADA Raises $10M from Leading Israeli Institutiona
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Posted On: 09/09/2017 4:22:51 PM
RADA Raises $10M from Leading Israeli Institutional Investors
Netanya, Israel, August 21, 2017 - RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced that it has received and accepted purchase offers from several Israeli institutional investors to purchase 4,604,500 ordinary shares for $2.15 per ordinary share, or approximately $10 million in the aggregate.
Among these investors are Yelin-Lapidot Investment House, More Investment House, NokedCapital, and The Phoenix Insurance Company.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers of securities will be made only by means of a prospectus supplement and accompanying base prospectus. A shelf registration statement on Form F-3 (File No. 333-212643), including a base prospectus, relating to the securities being offered has been filed with the SEC and declared effective. A prospectus supplement relating to the offering is being filed by the Company with the SEC. Copies of the prospectus supplement, together with the accompanying base prospectus, can be obtained at the SEC's website (www.sec.gov) or from the Company.
https://www.rada.com/corp/news/223-pr-10m-raise-aug17.html
Netanya, Israel, August 21, 2017 - RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced that it has received and accepted purchase offers from several Israeli institutional investors to purchase 4,604,500 ordinary shares for $2.15 per ordinary share, or approximately $10 million in the aggregate.
Among these investors are Yelin-Lapidot Investment House, More Investment House, NokedCapital, and The Phoenix Insurance Company.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers of securities will be made only by means of a prospectus supplement and accompanying base prospectus. A shelf registration statement on Form F-3 (File No. 333-212643), including a base prospectus, relating to the securities being offered has been filed with the SEC and declared effective. A prospectus supplement relating to the offering is being filed by the Company with the SEC. Copies of the prospectus supplement, together with the accompanying base prospectus, can be obtained at the SEC's website (www.sec.gov) or from the Company.
https://www.rada.com/corp/news/223-pr-10m-raise-aug17.html
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