홍리그룹 (HLP)

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