SAN DIEGO, June 11, 2015 /PRNewswire/ -- Maxwell
Technologies Inc. (Nasdaq: MXWL) announced today that it has
completed the sale of approximately $10
million of the company's common stock through an at the
market (ATM) equity offering announced April
23, 2015, and is terminating the offering, effective
immediately. Approximately 1.83 million shares were sold in
the offering at an average share price of $5.46.
The company also announced that it has negotiated an extension
of its existing line of credit with Wells Fargo Bank from
June 15 to July 15, 2015, while
continuing to work on a longer term credit facility.
Additional details on the equity offering and new credit
facility will be disclosed when the company reports financial
results for the second quarter ended June
30, 2015.
Maxwell Technologies is a global leader in the development and
manufacture of innovative, cost-effective energy storage and power
delivery solutions. Our ultracapacitor products provide safe and
reliable power solutions for applications in consumer and
industrial electronics, transportation and telecommunications. Our
CONDISĀ® high-voltage grading and coupling capacitors help to ensure
the safety and reliability of electric utility infrastructure and
other applications involving transport, distribution and
measurement of high-voltage electrical energy. Our
radiation-mitigated microelectronic products include power modules,
memory modules and single board computers that incorporate powerful
commercial silicon for superior performance and high reliability in
aerospace applications. For more information, visit
www.maxwell.com.
Media & Investor Contact: Michael Sund +1 (858) 503-3233;
msund@maxwell.com
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SOURCE Maxwell Technologies, Inc.