Hongli Group Inc (HLP)

Overview News Price History Why HLP Down? Discussions Forecast

Why is Hongli Group Inc (HLP) Stock down?

We've noticed a 7.87% decline in Hongli Group Inc (HLP) stock during the 2024-09-30 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

02 May, 2023:

Shares of China's Hongli Group down 24.3% from $3.79 to $2.87 due to the announcement that the underwriter in its initial public offering exercised the over-allotment option in full to purchase 309,375 ordinary shares of the Company at $4.00 per share for total gross proceeds of $1,237,500 before deducting underwriting discounts and commissions.

https://finance.yahoo.com/news/hongli-group-inc-announces-exercise-203000168.html