The deficiency notice follows a 30-day period between May 19 and July 1, 2026, during which the company’s shares consistently traded below the threshold required by Nasdaq Listing Rule 5550(a)(2). While the warning does not immediately impact the company’s listing status, it triggers a 180-day compliance period ending December 29, 2026. To resolve the issue, the stock must maintain a closing bid price of at least $1.00 for 10 consecutive business days before that deadline.
In section Releases
Hongli Group Faces Nasdaq Delisting Warning Over Share Price
Hongli Group Inc. has received a formal notice from Nasdaq indicating that its Class A ordinary shares have failed to maintain the minimum $1.00 bid price requirement. The steel profile manufacturer, based in Weifang, China, now faces a six-month window to boost its stock value or risk removal from the exchange.
Management is currently evaluating options to regain compliance, which could include a reverse stock split. If the company fails to meet the target within the initial timeframe, it may qualify for an additional 180-day extension, provided it satisfies all other listing standards and formally signals its intent to cure the deficiency. Hongli Group, which operates 11 production lines for cold roll formed steel, cautioned that it cannot guarantee a successful return to compliance or its ability to maintain future listing requirements.
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