The steel profile manufacturer has until Dec. 29, 2026 to restore a closing bid price of at least $1.00 for 10 straight business days or risk further action, including possible delisting.
Hongli Group Inc. said it received a July 2, 2026 notice from Nasdaq’s Listing Qualifications Department stating it no longer meets the exchange’s minimum bid price rule for continued listing on The Nasdaq Capital Market. The requirement under Nasdaq Listing Rule 5550(a)(2) is a bid price of at least $1.00 per Class A ordinary share, and the deficiency was triggered after the company’s stock closed below that threshold for 30 consecutive business days from May 19, 2026 through July 1, 2026. The company said the notice does not currently affect trading of its Class A ordinary shares and gives it 180 calendar days, until Dec. 29, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for at least 10 consecutive business days. Hongli said it will monitor the stock price and evaluate available options, including a possible reverse stock split, to cure the deficiency. If it does not regain compliance during the initial period, it may qualify for an additional 180 days if it meets other Nasdaq listing standards and gives notice of its intent to cure the deficiency; otherwise, its securities could face delisting.