WEIFANG, CHINA, May 02, 2023 (GLOBE NEWSWIRE) — Hongli Group Inc. (the “Company”) (NASDAQ:HLP) today announced that the underwriter in its initial public offering (the “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.
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