Intel stock spikes after report of possible US government stake
Weichai America Corp., along with Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd., sold 106,162 shares of Power Solutions International, INC. (NASDAQ:PSIX) common stock on August 12, 2025. The stock has seen remarkable growth, surging over 620% in the past year to reach a market capitalization of $2.08 billion. The sales, executed under Rule 144, fetched prices ranging from $87.8773 to $97.02 per share, resulting in a total transaction value of $11,615,154.
Following the transactions, the reporting entities collectively hold 11,625,937 shares of Power Solutions International, INC.
In other recent news, Power Solutions International, Inc. has secured a $135 million credit facility by amending its Uncommitted Revolving Credit Agreement with Standard Chartered Bank. This new agreement, finalized on July 30, 2025, extends the credit facility through July 30, 2027, and allows the company to fully repay its previous borrowings under a Shareholder’s Loan Agreement with Weichai America Corp. Additionally, the company announced changes in its board of directors, with Kenneth W. Landini resigning from the board and its audit committee on July 23. Landini cited disagreements over fiduciary duties and management compensation in his resignation letter, which the board reviewed and disagreed with. In terms of market presence, Power Solutions International is set to be included in the Russell 3000®, Russell 2000®, and Russell Microcap® indexes following a preliminary announcement by FTSE Russell. This follows its recent addition to the MSCI US Small Cap Index on May 30. These developments reflect ongoing changes and strategic moves within the company.
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