Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Weichai America Corp., along with Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd., sold 131,513 shares of Power Solutions International, Inc. NASDAQ:PSIX common stock on August 13, 2025. The sale comes amid a significant 18.5% decline in PSIX’s stock price over the past week, though the company’s shares have surged over 450% in the past year. The shares were sold at prices ranging from $86.6312 to $96.1979, resulting in a total transaction value of $14,562,343.
The sales were executed pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933, as amended. Following the transactions, Weichai America Corp. continues to indirectly own 11,463,824 shares of Power Solutions International.
Weichai America Corp. is the direct owner of the common stock and shares voting and dispositive power with Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd. The filing was signed by Jinguang Liu, Chief Financial Officer of Weichai America Corp., Chenglong Sun, Authorized Representative of Weichai Power Co., Ltd., and Chenglong Sun, Authorized Representative of Shandong Heavy Industry Group Co., Ltd. According to InvestingPro analysis, PSIX is currently trading above its Fair Value, with 10+ additional insights available to subscribers.
In other recent news, Power Solutions International has secured a $135 million credit facility through a Second Amendment to its Uncommitted Revolving Credit Agreement with Standard Chartered Bank. This agreement, finalized on July 30, 2025, extends the credit facility until July 30, 2027, and marks the full repayment of all outstanding borrowings under the previous Shareholder’s Loan Agreement with Weichai America Corp. Additionally, the company announced the resignation of Kenneth W. Landini from its board of directors and audit committee, effective July 23. Landini’s resignation letter cited concerns about board practices, but the board disagreed with his allegations. Furthermore, Power Solutions International is set for inclusion in the Russell 3000®, Russell 2000®, and Russell Microcap® indexes, following a preliminary announcement from FTSE Russell. This inclusion is expected after the U.S. market opens on June 30, 2025. The company was also recently added to the MSCI US Small Cap Index on May 30. These developments reflect ongoing changes and strategic moves within the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.