Rada Electronic Industries Ltd., a world leader in the development and production of tactical radars for the maneuvering force traded on the Nasdaq, last night published the registration documents and will begin trading on the Tel Aviv Stock Exchange as part of the double listing on February 2, 2021, under the symbol Rada.
The value of the company’s stock market is about NIS 1.53 billion and it is expected to join the leading stock exchange indices from the beginning of April 2021 – Tel Aviv-90, Tel Aviv-125, Tel Aviv-125 Clean Climate, Tel Aviv-SME150, Tel Aviv Global-Bluetooth, TA Tech-Elite, TA All-Share, TA-Technology, TA-Rimon and TA-Industry.
The Company’s shares will continue to be traded on the NASDAQ Exchange and the Company will continue to meet the reporting and disclosure requirements of the US Securities and Exchange Commission. As part of the dual listing, the Company will not be required to report further beyond those required in the U.S.
Rada is a global military technology company, focused on unique radar solutions and in-flight legacy systems. The company is a leader in the field of mini-tactical radars designed for significant and growing markets that include critical facility protection, border protection, maneuvering forces and anti-skimmer applications.
Dov Sela, CEO of Rada: “We are reaching the Tel Aviv Stock Exchange during an unprecedented period of growth in the tactical radar market in which we operate. The double listing on the Tel Aviv Stock Exchange will help Israeli capital market investors to be exposed to the company’s success and enjoy it. “
Itai Ben Zeev, CEO of the Tel Aviv Stock Exchange: “We congratulate Rada on its choice to join the Tel Aviv Stock Exchange as part of the double listing. The double listing in Tel Aviv has many benefits for the company and for investors in its shares and we believe that every Israeli company, even if it is traded abroad, should be part of the Israeli capital market. The Tel Aviv Stock Exchange has many advantages, including expanding the circle of investors, extending trading hours, entering the stock exchange indices and more. ”