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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rada Electronics Industries Limited | NASDAQ:RADA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.87 | 10.00 | 9.38 | 0 | 01:00:00 |
RADA ELECTRONIC INDUSTRIES LTD.
|
(Name of Issuer)
|
Ordinary Shares, NIS 0.
03
par value
|
(Title of Class of Securities)
|
M81863124
(CUSIP Number) |
January 18, 2017
|
(Date of Event which Requires Filing of this Statement)
|
CUSIP No.
M81863124
|
13D/A
|
Page 2 of 9 Pages
|
1
|
NAMES OF REPORTING PERSONS:
|
|
|
||
DBSI Investments Ltd.
|
|
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|||
|
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
|
|
|
||
(a)
☐
(b) ☒ |
|
|
|||
|
|
||||
3
|
SEC USE ONLY
|
|
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||
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|||
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||||
4
|
SOURCE OF FUNDS:
|
|
|
||
OO
|
|
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|||
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||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):
|
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||
☐
|
|
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|||
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||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION:
|
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||
Israel
|
|
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|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER:
|
|
|
|
14,828,540
(1)
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER:
|
|
|
||
0
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER:
|
|
|
||
0
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
|
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||
☐
|
|
|
|||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
|
|
|
||
56.0% (2)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON:
|
|
|
||
CO
|
|
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|||
|
|
CUSIP No.
M81863124
|
13D/A
|
Page 3 of 9
|
1
|
NAMES OF REPORTING PERSONS:
|
|
|
||
Barak Dotan
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
|
|
|
||
(a)
☐
(b) ☒ |
|
|
|||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS:
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):
|
|
|
||
☐
|
|
|
|||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION:
|
|
|
||
Israel
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER:
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER:
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
|
|
||
☐
|
|
|
|||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
|
|
|
||
56.0% (2)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON:
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No.
M81863124
|
13D/A
|
Page 4 of 9
|
1
|
NAMES OF REPORTING PERSONS:
|
|
|
||
Yossi Ben Shalom
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
|
|
|
||
(a)
☐
(b) ☒ |
|
|
|||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS:
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):
|
|
|
||
☐
|
|
|
|||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION:
|
|
|
||
Israel
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER:
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER:
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
|
|
|
||
14,828,540
(1)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
|
|
||
☐
|
|
|
|||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
|
|
|
||
56.0% (2)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON:
|
|
|
||
IN
|
|
|
|||
|
|
Item 1.
|
Security And Issuer.
|
Item 2.
|
Identity and Background
|
· |
paragraphs (b)-(c) and (f) of Item 2, concerning DBSI;
|
· |
paragraphs (a), (b), (c) and (f) of Item 2, concerning DBSI’s executive officers and directors;
|
· |
paragraphs (a), (b), (c) and (f) of Item 2, concerning DBSI’s controlling shareholders;
|
· |
paragraphs (b)-(c) and (f) of Item 2, concerning Mr. Barak Dotan; and
|
· |
paragraphs (b)-(c) and (f) of Item 2, concerning Mr. Yossi Ben Shalom
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the Issuer.
|
(i)
|
6,936,857
remaining Ordinary Shares from among the Initial Shares purchased by DBSI from the Issuer at the Closing;
|
(ii)
|
531,915
,
2,127,660
and 531,915
First Warrant Shares issued to DBSI upon exercise of Warrants on August 29, 2016
,
November 9, 2016
and January 18, 2017
, respectively;
|
(iii)
|
1,
063,829
remaining First Warrant Shares issuable to DBSI upon exercise of additional outstanding Warrants; and
|
(iv)
|
3,636,364 Second Warrant Shares issuable to DBSI upon exercise of outstanding Warrants.
|
Type of Transaction and Date
|
Quantity of Ordinary Shares Sold/Purchased
|
Price Per Share
|
Total ($)
|
December 27
, 2016
|
107,200
|
$1.
3225
|
$
141,772
|
December 27, 2016
|
2,161
|
$1.32
|
$2,852.52
|
December 28, 2016
|
424
|
$1.31
|
$555.44
|
January 5, 2017
|
15,000
|
$1.3067
|
$19,600.50
|
January 6, 2017
|
8,000
|
$1.30
|
$10,400
|
January 17, 2017
|
9,100
|
$1.3045
|
$11,870.95
|
January 18, 2017
|
1,260,504
|
$1.
19
|
$
1
,500
,000
|
Purchase(**):
|
|||
January 18, 2017
|
531,915
|
$0.47
|
$
250
,000
|
(*) Sales were made on the NASDAQ Stock Exchange.
|
|||
(**) Purchase was made by way of exercising a Warrant to purchase First Warrant Shares that was issued by RADA to DBSI at the Closing.
|
Item 7.
|
Materials to be Filed as Exhibits.
|
Exhibit No.
|
|
Description
|
1 |
Purchase Agreement, dated as of April 14, 2016, by and between the Issuer and DBSI (incorporated by reference to Exhibit 4.4 to the Issuer’s Annual Report on Form 20-F for the year ended December 31, 2015, filed with the SEC on May 16, 2016 (hereafter, the “
Issuer’s 2015 Form 20-F
”))
|
2 |
Registration Rights Agreement, dated as of April 14, 2016, by and between the Issuer and DBSI (incorporated by reference to Exhibit 4.5 to the Issuer’s 2015 Form 20-F)
|
3 |
Convertible Loan Agreement, dated as of April 14, 2016, by and between the Issuer and DBSI (incorporated by reference to Exhibit 4.6 to the Issuer’s 2015 Form 20-F)
|
4 |
First Amendment to Convertible Loan Agreement, dated as of May 15, 2016, by and between the Issuer and DBSI (incorporated by reference to Exhibit 4.7 to the Issuer’s 2015 Form 20-F)
|
5 |
Warrant to Purchase Ordinary Shares of the Issuer, dated April 14, 2016, issued by the Issuer to DBSI (incorporated by reference to Exhibit 4.8 to the Issuer’s 2015 Form 20-F)
|
6 |
Joint Filing Agreement pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended*
|
DBSI INVESTMENTS LTD.
|
|
/s/ Barak Dotan
|
|
Barak Dotan
|
|
Director
|
/s/ Yossi Ben Shalom
|
Yossi Ben Shalom
|
Director
|
1 Year Rada Electronics Industr... Chart |
1 Month Rada Electronics Industr... Chart |
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