On August 5, Carter Ledyard client RADA Electronic Industries (NASDAQ: RADA) announced the closing of a previously announced underwritten public offering of ordinary shares. The gross proceeds to RADA were $8,500,000, before deducting underwriting discounts and commissions and other offering expenses payable by the company.
Chardan Capital Markets, LLC acted as the sole underwriter for this transaction.
Corporate department chair Steven J. Glusband, corporate associate Guy Ben-Ami and legal assistant Victoria Rudtke represented RADA in this transaction.