Axion Power International Inc (AXPWQ)

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On July 7, 2014 our shareholders approved a reverse stock split of our common stock, in a ratio determined by our board of directors, of not less than 1-for-20 not more than 1-for-50. A 1-for-50 stock split was effected and our stock started trading giving effect to the reverse split on September 8, 2014.

During 2014 there were 244,537 true-up rounding shares issued due to the above mentioned reverse stock split.