Lots of news on AXPW. Uplisted to Nasdaq, and three news items, looks like a volatile tradeable one to watch. Lead-Carbon high tech battery (still burning cash, so not a great one to hold long term, but might make a swing trade options bet?)
I see a bunch of AXPW news out, did we just bottom here?
Axion Power Designated As Supplier Of Energy Storage And Frequency Regulation For 9.1 Megawatt Pennsylvania Solar Farm Date : 10/30/2014 @ 9:22AM Source : PR Newswire (US) Stock : Axion Power International, Inc. (MM) (AXPW) Quote : 1.85 0.19 (11.45%) @ 8:10PM
NEW CASTLE, Pa., Oct. 30, 2014 /PRNewswire/ -- Axion Power International, Inc. (Nasdaq: AXPW), the developer of advanced lead-carbon PbC® batteries, energy storage systems and frequency regulation systems, announced plans to release its results for the third quarter ended September 30, 2014 before the market opens in New York on Friday, November 14, 2014. Axion's management team will host a conference call to discuss the Company's financial results the same day at 12:00 pm ET.
Axion Power International, Inc. Closes $6.1 Million Public Offering
today announced that is has completed an underwritten public offering consisting of 1,875,000 shares of common stock ("Common Stock"), together with Series A warrants to purchase 1,875,000 shares of its Common Stock ("Series A Warrants") and Series B warrants to purchase 1,875,000 shares of its Common Stock ("Series B Warrants") for gross proceeds to the Company of approximately $6.1 million. The public offering price for each share of Common Stock, together with one Series A Warrant and one Series B Warrant was $3.25. The Series A Warrants may be exercised for a period of five years and have an exercise price of $3.25 per share of Common Stock. The Series B Warrants may be exercised for a period of 15 months and have an exercise price of $3.25 per share of Common Stock. In connection with the offering, the Company granted to the underwriter a 45-day option to acquire up to 281,250 additional shares of Common Stock and/or up to 281,250 additional Series A Warrants and/or up to 281,250 additional Series B Warrants to purchase shares of Common Stock. The Company has also closed on the underwriter's exercise of the over-allotment option on the Series A Warrants and the Series B Warrants. The Company's Common Stock and Series A Warrants are now listed on the Nasdaq Capital Market under the symbols "AXPW" and "AXPWW", respectively.
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