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Hongli Group, Inc. ( (HLP) ) just unveiled an announcement.
On July 10, 2025, Hongli Group Inc. received a deficiency letter from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share over a 30-day period. The company has until January 6, 2026, to regain compliance, with options including a reverse stock split. Failure to comply could lead to delisting, but the company is actively monitoring its stock price and evaluating options to meet Nasdaq’s requirements.
More about Hongli Group, Inc.
Hongli Group Inc. is a Cayman Islands holding company that consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries. It is a leading manufacturer of cold roll formed steel profiles, serving industries such as mining, construction, agriculture, and transportation. With over 20 years of history, the company has a significant presence in China and a global network extending to South Korea, Japan, the U.S., and Sweden.
Average Trading Volume: 180,820
Technical Sentiment Signal: Sell
Current Market Cap: $51.18M
For a thorough assessment of HLP stock, go to TipRanks’ Stock Analysis page.