Hongli Group Inc. Ordinary Shares

Hongli Group Inc. announced it has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification letter from Nasdaq on August 7, 2026, stating that its Class A ordinary shares maintained a closing bid price of at least $1.00 per share for 10 consecutive business days from July 24 to August 6, 2026. Nasdaq has closed the matter, which stemmed from a deficiency notice issued on July 2, 2026, when the stock failed to meet the $1.00 threshold over a 30-day period.

Hongli Group Inc. has provided an update on its proposed strategic collaboration with Sidus Energy Storage, a California-based battery technology company. The non-binding Memorandum of Understanding aims to explore advanced battery manufacturing opportunities, leveraging Sidus's IBM-licensed semi-solid-state and solid-state battery technology. Target applications include high-performance mobility, aerospace, commercial drones, robotics, and advanced electric vehicles. Hongli Group's Chairman and CEO Jie Liu stated that the collaboration combines the company's manufacturing and supply chain infrastructure with Sidus's technology to address growing demand driven by AI, robotics, and next-generation mobility.