10:37 AM EDT, 07/15/2025 (MT Newswires) -- Hongli ( HLP ) said Tuesday that it has received a deficiency letter from Nasdaq, stating that it is not in compliance with the requirement to maintain a minimum bid price of $1 per share, based on the closing bid price of its shares between May 27 and July 9.

The company said it has been given a compliance period until January 6 to regain compliance with the rule.

Hongli ( HLP ) said it will monitor the closing bid price of its shares and assess options to regain compliance with the requirement.

The company's shares were falling 3.9% in recent trading.

Price: 0.66, Change: -0.03, Percent Change: -3.85