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WEIFANG, China - Hongli Group Inc. (NASDAQ:HLP), a steel profile manufacturer with a market capitalization of approximately $99 million, has regained compliance with Nasdaq’s minimum bid price requirement, the company announced Monday.
The steel profile manufacturer received notification from the Nasdaq Listing Qualifications Department on October 3 that it had met the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market.
Nasdaq determined compliance after Hongli’s ordinary shares traded at $1.00 or higher for 12 consecutive business days from September 16 to October 1, 2025.
The company had previously received a deficiency notice on July 10, 2025, after its share price fell below the minimum threshold during the period from May 27 to July 9, 2025. At that time, Hongli was given until January 6, 2026, to regain compliance.
Hongli Group, through its operating subsidiaries in China, manufactures cold roll formed steel profiles for machinery and equipment used in mining, construction, agriculture, and transportation sectors. The company has been operating for over 20 years and currently runs 11 cold roll forming production lines.
The information in this article is based on a company press release statement.
In other recent news, Hongli Group Inc. has received a deficiency notice from Nasdaq. The notice was issued on July 10, 2025, after the company failed to maintain the minimum bid price requirement of $1.00 per share. This development followed a period of 30 consecutive business days, from May 27 to July 9, 2025, during which the closing bid price of Hongli Group’s shares fell below the required threshold. This notice serves as a reminder of the company’s obligation to meet Nasdaq’s listing standards to ensure continued trading on The Nasdaq Capital Market. Investors and stakeholders will be watching closely as Hongli Group addresses this issue.
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