Hongli group inc. announces the exercise of the underwriter's over-allotment option

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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