Power Solutions Announces Uplisting to The Nasdaq Stock Market
Power Solutions International (PSIX) has received approval from Nasdaq to uplist its common stock from OTC Pink to The Nasdaq Stock Market. Trading under the same ticker symbol 'PSIX' is set to begin on December 26, 2024. CEO Dino Xykis highlighted this as a transformative moment that reflects employee dedication and shareholder loyalty.
The uplisting aims to enhance the company's visibility, attract a broader investor base, and provide greater stock liquidity. The company, which specializes in emission-certified engines and power systems, has demonstrated consistent performance in profitability, debt reduction, and revenue growth, particularly through expansion in data center markets.
Power Solutions International (PSIX) ha ricevuto l'approvazione da Nasdaq per trasferire le sue azioni ordinarie da OTC Pink al Nasdaq Stock Market. Il trading con lo stesso simbolo ticker 'PSIX' inizierà il 26 dicembre 2024. Il CEO Dino Xykis ha evidenziato questo momento come trasformativo, che riflette la dedizione dei dipendenti e la lealtà degli azionisti.
Il trasferimento mira a migliorare la visibilità dell'azienda, attrarre una base di investitori più ampia e offrire una maggiore liquidità alle azioni. L'azienda, specializzata in motori e sistemi di alimentazione certificati per le emissioni, ha dimostrato una performance costante in termini di redditività, riduzione del debito e crescita dei ricavi, in particolare attraverso l'espansione nei mercati dei data center.
Power Solutions International (PSIX) ha recibido la aprobación de Nasdaq para listar sus acciones ordinarias desde OTC Pink al Nasdaq Stock Market. La negociación bajo el mismo símbolo de ticker 'PSIX' comenzará el 26 de diciembre de 2024. El CEO Dino Xykis destacó este momento como transformador, que refleja la dedicación de los empleados y la lealtad de los accionistas.
El uplisting tiene como objetivo mejorar la visibilidad de la empresa, atraer una base de inversores más amplia y proporcionar una mayor liquidez a las acciones. La empresa, que se especializa en motores y sistemas de energía certificados por emisiones, ha demostrado un desempeño constante en rentabilidad, reducción de deudas y crecimiento de ingresos, particularmente a través de la expansión en los mercados de centros de datos.
파워 솔루션스 인터내셔널 (PSIX)는 나스닥에서 OTC 핑크에서 나스닥 증권 거래소로 일반 주식을 상장 이전하는 승인을 받았습니다. 동일한 티커 심볼 'PSIX'로 거래는 2024년 12월 26일부터 시작될 예정입니다. CEO 디노 시키스는 이를 직원의 헌신과 주주 충성을 반영하는 변혁의 순간으로 강조했습니다.
상장 이전은 회사의 가시성을 높이고, 더 넓은 투자자 기반을 유치하며, 주식 유동성을 증대시키는 것을 목표로 하고 있습니다. 배기가스 인증 엔진 및 전력 시스템을 전문으로 하는 이 회사는 수익성, 부채 감소 및 수익 성장에서 일관된 성과를 보여주었으며, 특히 데이터 센터 시장의 확장을 통해 그러한 성과를 달성하였습니다.
Power Solutions International (PSIX) a reçu l'approbation de Nasdaq pour transférer ses actions ordinaires d'OTC Pink vers le Nasdaq Stock Market. La négociation sous le même symbole boursier 'PSIX' débutera le 26 décembre 2024. Le PDG Dino Xykis a souligné ce moment comme étant transformateur, reflétant le dévouement des employés et la loyauté des actionnaires.
Le transfert vise à améliorer la visibilité de l'entreprise, attirer une base d'investisseurs plus large et offrir une plus grande liquidité des actions. L'entreprise, spécialisée dans les moteurs et systèmes d'alimentation certifiés pour les émissions, a démontré une performance constante en matière de rentabilité, de réduction de la dette et de croissance des revenus, en particulier grâce à l'expansion dans les marchés des centres de données.
Power Solutions International (PSIX) hat die Genehmigung von Nasdaq erhalten, um ihre Stammaktien von OTC Pink an die Nasdaq Stock Market zu listen. Der Handel unter dem gleichen Tickersymbol 'PSIX' soll am 26. Dezember 2024 beginnen. CEO Dino Xykis hob diesen Moment als transformativ hervor, was die Hingabe der Mitarbeiter und die Loyalität der Aktionäre widerspiegelt.
Die Listung zielt darauf ab, die Sichtbarkeit des Unternehmens zu erhöhen, eine breitere Anlegerbasis anzuziehen und eine höhere Liquidität der Aktien zu bieten. Das Unternehmen, das sich auf emissionszertifizierte Motoren und Energiesysteme spezialisiert hat, hat eine konstante Leistung in Bezug auf Rentabilität, Schuldenabbau und Umsatzwachstum gezeigt, insbesondere durch die Expansion in den Rechenzentrumsmarkt.
- Uplisting from OTC Pink to Nasdaq, indicating company growth and maturity
- Expected increased stock liquidity and broader investor exposure
- Demonstrated track record of profitability and debt reduction
- Strong presence and expansion in data center markets
- None.
WOOD DALE, Ill., Dec. 24, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that The Nasdaq Stock Market LLC (“Nasdaq”) has approved its application for uplisting the Company’s common stock to Nasdaq. PSI’s common stock is expected to commence trading on Nasdaq at the opening of the market on December 26, 2024, under the Company’s current ticker symbol “PSIX.”
Dino Xykis, Chief Executive Officer, commented, “The uplisting to Nasdaq is a transformative moment for our company. It reflects the hard work of our dedicated employees at all levels, the loyalty of our shareholders, and the strength of our strategic vision. Trading on a premier global exchange like Nasdaq will enhance our visibility, attract a broader investor base, and provide greater liquidity for our stock. As we embark on this next chapter, we remain steadfast in our commitment to delivering innovation, driving top and bottom-line growth, and creating long-term value to shareholders. This event represents a pivotal point in our journey as a company and underscores the positioning of PSI as a business for growth, and profitability.” Xykis continued, “Over the past several years PSI has consistently demonstrated its ability and commitment to profitability, debt reduction and revenue growth by developing cutting-edge technologies, expanding in the data center markets and achieving strong financial results.”
Shareholders are not required to take action as a result of the uplisting.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding the current expectations of the Company about its prospects and opportunities. These forward-looking statements are entitled to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements may involve risks and uncertainties. These statements often include words such as “anticipate,” “believe,” “budgeted,” “contemplate,” “estimate,” “expect,” “forecast,” “guidance,” “may,” “outlook,” “plan,” “projection,” “should,” “target,” “will,” “would” or similar expressions, but these words are not the exclusive means for identifying such statements. These statements are not guarantees of performance or results, and they involve risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect the Company’s results of operations and liquidity and could cause actual results, performance or achievements to differ materially from those expressed in, or implied by, the Company’s forward-looking statements.
The Company cautions that the risks, uncertainties and other factors that could cause its actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, without limitation: the impact of the macro-economic environment in both the U.S. and internationally on our business and expectations regarding growth of the industry; uncertainties arising from global events (including the Russia-Ukraine and Israel-Hamas conflicts), natural disasters or pandemics, and their impact on material prices; the effects of strategic investments on our operations, including our efforts to expand our global market share and actions taken to increase sales growth; the ability to develop and successfully launch new products; labor costs and other employment-related costs; loss of suppliers and disruptions in the supply of raw materials; the Company’s ability to continue as a going concern; the Company’s ability to raise additional capital when needed and its liquidity; uncertainties around the Company’s ability to meet funding conditions under its financing arrangements and access to capital thereunder; the potential acceleration of the maturity at any time of the loans under the Company’s uncommitted senior secured revolving credit facility through the exercise by Standard Chartered Bank of its demand right; the impact of rising interest rates; changes in economic conditions, including inflationary trends in the price of raw materials; our reliance on information technology and the associated risk involving potential security lapses and/or cyber-attacks; the ability of the Company to accurately forecast sales, and the extent to which sales result in recorded revenues; changes in customer demand for the Company’s products; volatility in oil and gas prices; the impact of U.S. tariffs on imports, the impact of supply chain interruptions and raw material shortages, including compliance disruptions such as the UFLPA delaying goods from China; the potential impact of higher warranty costs and the Company’s ability to mitigate such costs; any delays and challenges in recruiting and retaining key employees consistent with the Company’s plans and the risks and uncertainties described in reports filed by the Company with the SEC, including without limitation its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and the Company’s subsequent filings with the SEC.
The Company’s forward-looking statements are presented as of the date hereof. Except as required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Power Solutions International, Inc.
Power Solutions International, Inc. (PSI) is a leader in the design, engineering, and manufacture of a broad range of advanced, emission-certified engines, power systems, and accessories. PSI provides integrated turnkey solutions to leading global original equipment manufacturers and end-user customers within the power systems, industrial and transportation end markets. The Company’s unique in-house design, prototyping, engineering and testing capabilities allow PSI to customize clean, high-performance engines using a fuel agnostic strategy to run on a wide variety of fuels, including natural gas, propane, gasoline, diesel and biofuels.
PSI develops and delivers complete power systems that are used worldwide in stationary and mobile power generation applications supporting standby, prime, demand response and microgrid solutions, as well as products and packages supporting the rapidly growing data center markets.
PSI’s industrial segment provides engine and battery powertrain solutions to serve applications such as forklifts, agricultural and turf, arbor care, industrial sweepers, aerial lifts, irrigation pumps, ground support, construction equipment. PSI’s transportation segment provides engine powertrain solutions to specialized applications such as terminal tractors, port equipment, military vehicles, and other non-road vocational vehicles. For more information on PSI, visit www.psiengines.com.
Contact:
Power Solutions International, Inc.
Randall D. Lehner
General Counsel
630-373-1637
rlehner@psiengines.com
FAQ
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