Power Solutions International, Inc. has announced its uplisting to the NASDAQ stock market, with its common stock expected to commence trading on December 26, 2024, under the ticker symbol "PSIX." Dino Xykis, the Chief Executive Officer, highlighted that the uplisting reflects the company's commitment to delivering innovation, driving top and bottom-line growth, and creating long-term value for shareholders.
In the statement, Xykis emphasized the company's strong financial performance over the past several years, noting its consistency in demonstrating profitability, debt reduction, and revenue growth. He also mentioned the company's dedication to developing cutting-edge technologies and expanding in the data center markets.
The uplisting to NASDAQ is seen as a transformative moment for Power Solutions International, as it is expected to enhance the company's visibility, attract a broader investor base, and provide greater liquidity for its stock.
Shareholders have been informed that no action is required as a result of the uplisting. Today the company's shares have moved -8.2% to a price of $27.06. If you want to know more, read the company's complete 8-K report here.
