Hongli Group announces compliance with Nasdaq minimum bid price requirement

Hongli Group (HLP) announced that on October 3, the company received a notification letter from Nasdaq stating that it has regained compliance with the minimum bid price requirement. Nasdaq made the determination after the closing bid price of the company’s ordinary shares was $1.00 per share or greater for 12 consecutive business days from September 16 to October 1. The company stated the matter is now closed.