RADA Electronic Industries LTD.

Canaccord Genuity acts as Sole Bookrunner on the US$25.3 Million Follow-On Offering for RADA Electronic Industries LTD.

Canaccord Genuity is pleased to announce the completion of a follow-on offering of 4.8 million shares at US$5.25 per share, which includes the full exercise of the underwriters’ overallotment option, raising gross proceeds of US$25.3 million.

RADA Electronic Industries LTD. (NASDAQ: RADA) intends to utilize the net proceeds for general corporate purposes, including working capital, potential acquisitions, and growing its recently established US presence and manufacturing facility.

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.

The Canaccord Genuity deal team consisted of John Stack, Jennifer Pardi, Brian O’Connor, Shachar Familia, Tom, Gabel, Mike Wright, Evan Gabriel, John Palmeri and Brooke Szczygiel.