By Sheri Kasprzak
New York, July 14 - Maxwell Technologies, Inc. said it plans to raise $5,499,990 in a direct placement of stock.
The offering includes 488,888 shares at $11.25 each.
The shares are being sold under the company's shelf registration.
The company reported that the last sale price for its stock was $13.07 on July 11.
Mawell is a San Diego-based power backup and energy supply technology company.
| Issuer: | Maxwell Technologies, Inc.
|
| Issue: | Stock
|
| Amount: | $5,499,990
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| Shares: | 488,888
|
| Price: | $11.25
|
| Warrants: | No
|
| Pricing date: | July 14
|
| Stock price: | $12 at close July 14
|
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