Tuesday, November 22, 2022

Equity Corporate Actions Alert #2022 - 369
(UPDATED: Merger closed) Information Regarding the Merger of RADA Electronic Industries Ltd. (RADA) and Leonardo DRS, Inc. (DRS)


  • Industry Announcement

Markets Impacted:

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RADA Electronic Industries Ltd. (RADA) closed their merger transaction with Leonardo DRS, Inc. (DRS) prior to the market open on Monday, November 28, 2022. In anticipation of the closing, RADA was halted immediately following the after-hours session at 5 p.m. on November 25, 2022. The stock will remain halted on the day of closing (November 28th) and will be suspended effective November 29, 2022. The suspension details are as follows:

Company Name/Issue: RADA Electronic Industries Ltd. Ordinary Shares
CUSIP#: M81863124
Symbol: RADA
Last Trading Date: November 25, 2022
Marketplace Effective Date for Suspension: November 29, 2022
Merger Consideration: One (1) Leonardo DRS, Inc. Common Stock (DRS) for each share held.

As a result of the merger, the combined company is expected to list on the Nasdaq Global Select Market and will be domiciled in Delaware. The details are as follows:

Company Name/Issue: Leonardo DRS, Inc. Common Stock
CUSIP#: 52661A108
Symbol: DRS
Marketplace Effective Date of New Listing: November 29, 2022

If you would like to register as a market maker in DRS, contact Nasdaq Trading Services at +1 212 231 5100.

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