Power Solutions International, Inc. (NASDAQ:PSIX) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Power Solutions International, Inc. (NASDAQ:PSIX) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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Item3.01

Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.

On April17, 2017, Power Solutions International, Inc. (the
Company) (Nasdaq: PSIX) received a notice from The Nasdaq Stock
Market (Nasdaq) stating that its Nasdaq Hearings Panel (the
Panel) had determined to delist the shares of the Companys common
stock from Nasdaq, and accordingly, would suspend trading in the
Companys common stock effective at the open of business on
April19, 2017. The Company has not yet decided whether to request
a review of the decision by the Nasdaq Listing and Hearing Review
Council. The right to request the review expires on May1, 2017.
Nasdaq will complete the delisting by filing a Form 25-NSE
(Notification of Removal from Listing and/or Registration under
Section12(b) of the Securities Exchange Act of 1934) after
applicable appeal periods have lapsed.

As previously reported, the Company is not in compliance with
Nasdaq Listing Rule 5250(c)(1), which requires listed companies
to timely file all required periodic financial reports with the
Securities and Exchange Commission (the SEC).

Following suspension of trading of the Companys common stock, the
Companys shares will be quoted on the OTC Pink market electronic
quotation service operated by OTC Markets Group Inc. under the
trading symbol PSIX. For quotes or additional information on the
OTC Pink market, visit http://www.otcmarkets.com.

The Company intends to promptly seek relisting of its common
stock on a securities exchange once it has completed the
restatement of its financial statements and it is current in its
SEC filing obligations.

On April18, 2017, the Company issued a press release announcing
the Panel decision. A copy of the press release is filed herewith
as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.

Quotation of the Companys common stock on the OTC Pink may result
in a less liquid trading market and more volatility in the
trading price for the common stock. There can be no assurance
that a liquid trading market for the Companys common stock will
develop while it is quoted in the over-the-counter market.

Caution Regarding Forward-Looking
Statements

This Form 8-K includes information that constitutes
forward-looking statements. Forward-looking statements often
address our expected future business and financial performance,
and often contain words such as believe, expect, anticipate,
intend, plan, or will. By their nature, forward-looking
statements address matters that are subject to risks and
uncertainties. Any such forward-looking statements may involve
risk and uncertainties that could cause actual results to differ
materially from any future results encompassed within the
forward-looking statements. Factors that could cause or
contribute to such differences include: the final results of the
Audit Committees internal review as it impacts the Companys
accounting, accounting policies and internal control over
financial reporting; the reasons giving rise to the resignation
of the Companys former independent registered public accounting
firm; the time and effort required to complete the restatement of
the affected financial statements and amend the related Form 10-K
and Form 10-Q filings; any adverse effects on the Companys
business resulting from Nasdaqs delisting of the Companys common
stock; the subsequent discovery of additional adjustments to the
Companys previously issued financial statements; the timing of
completion of necessary re-audits, interim reviews and audits by
the new independent registered public accounting firm; the timing
of completion of steps to address and the inability to address
and remedy, material weaknesses; the identification of additional
material weaknesses or significant deficiencies; the inability to
re-list the Companys common stock on a securities exchange and
any delays in obtaining such listing; variances in non-recurring
expenses; risks relating to the substantial costs and diversion
of personnels attention and resources deployed to address the
financial reporting and internal control matters and related
class action litigation; the impact of the resignation of the
Companys former independent registered public accounting firm on
the Companys relationship with its lender and trade creditors and
the potential for defaults and exercise of creditor remedies and
the implications of the same for its strategic alternatives
process; the impact of the previously disclosed investigation
initiated by the SEC and any related or additional governmental
investigative or enforcement proceedings; the impact of the
resignation of the Companys CEO; managements ability to
successfully implement the recommendations of the Audit
Committee. Actual events or results may differ materially from
the Companys expectations. The Companys 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, changed
circumstances or otherwise.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Exhibit Description

99.1 Press Release of Power Solutions International, Inc. dated
April 18, 2017.


About Power Solutions International, Inc. (NASDAQ:PSIX)

Power Solutions International, Inc. is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment. The Company provides alternative fuel power systems for OEMs of off-highway industrial equipment and on-road medium trucks and busses. In addition to its emission-certified power systems, the Company produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.

Power Solutions International, Inc. (NASDAQ:PSIX) Recent Trading Information

Power Solutions International, Inc. (NASDAQ:PSIX) closed its last trading session down -2.85 at 6.29 with 50,666 shares trading hands.

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