Maxwell Technologies Raises $17.6M

San Diego’s Maxwell Technologies (NASDAQ: MXWL) plans to raise $17.6 million by selling 2 million shares of its common stock through a secondary public offering underwritten by Roth Capital Partners of Newport Beach, CA. In a statement today, Maxwell says it is providing all of the stock in the offering, and the transaction is expected to close Friday. Maxwell said it plans to use the proceeds for working capital and general corporate purposes.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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