Hongli Group regains Nasdaq $1 minimum bid price compliance
HLP•Nasdaq minimum bid price compliance restored
Hongli Group regained Nasdaq compliance with the $1 minimum bid price rule, ending a listing deficiency tied to its Class A ordinary shares.
Nasdaq determined the shares closed at $1 or higher for 10 consecutive sessions from July 24 to Aug. 6.
The deficiency notice, issued July 2, followed 30 straight sessions below $1 from May 19 to July 1.
