Power Solutions International Uplists to Nasdaq Stock MarketDec. 27, 2024,

Power Solutions International, Inc. (PSI) announced its uplisting to The Nasdaq Stock Market on December 26, 2024. Trading under the symbol “PSIX,” PSI commenced trading on Nasdaq after successfully completing the uplisting process.

Dino Xykis, the Chief Executive Officer of PSI, expressed enthusiasm about this transition, citing it as a pivotal moment for the company. He emphasized that the move to Nasdaq reflects the dedication of PSI’s employees, the loyalty of shareholders, and the strength of the company’s strategic direction. The uplisting is expected to enhance visibility, attract a broader investor base, and provide increased liquidity for the company’s stock.

As part of this uplisting, PSI plans to rely on controlled company exemptions concerning the independence of its Board members, Compensation Committee, and Nominating and Governance Committee. This decision aligns with Nasdaq Rule 5615(a)(7) and the regulations defining director independence and relationships that may impact it.

The uplisting to Nasdaq signifies a transformative step for PSI and underlines the company’s focus on growth, profitability, and delivering enduring value to shareholders. Xykis highlighted PSI’s commitment to innovation, revenue growth, and profitability, noting the company’s track record in achieving financial milestones in recent years.

Shareholders are not required to take any specific actions due to the uplisting.

The company also issued a cautionary note regarding forward-looking statements within the press release. PSI identified various risk factors that could influence actual results, such as macroeconomic conditions, global events, product development challenges, and disruptions in supply chains.

PSI’s forward-looking statements are based on the information available as of the release date, and the company disclaims any obligation to update these statements based on future developments.

Power Solutions International, Inc., an industry leader in designing, engineering, and manufacturing emission-certified engines and power systems, serves a diverse clientele in power systems, industrial, and transportation markets globally. Leveraging its proprietary design and engineering capabilities, PSI offers customized engine solutions that can run on a variety of fuels like natural gas, propane, gasoline, diesel, and biofuels. The company’s power systems find applications in diverse sectors, including stationary and mobile power generation, data centers, and industrial equipment.

For further details on Power Solutions International, visit www.psiengines.com.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Power Solutions International’s 8K filing here.

Power Solutions International Company Profile

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.