A DESCRIPTION OF THE PROBLEM :
When I create a runtime using

> C:\oracle\jdk-11.0.15\bin\jlink --add-modules ALL-MODULE-PATH --output jre --strip-debug --no-man-pages --no-header-files --compress=2 --module-path "C:\oracle\jdk-11.0.15\jmods" --output compressedrt --add-options="-Xmx64m"

and try to execute

> compressedrt\bin\java.exe -version

it simply hangs

It only happens when add-options option is used

Newer versions of JDK create a working runtime
> C:\oracle\jdk-17.0.3.1\bin\jlink --add-modules ALL-MODULE-PATH --output jre --strip-debug --no-man-pages --no-header-files --compress=2 --module-path "C:\oracle\jdk-17.0.3.1\jmods" --output compressedrt --add-options="-Xmx64m"

So, I guess, the issue was fixed but not backported?
Unfortunately I could find a related issue in JBS

STEPS TO FOLLOW TO REPRODUCE THE PROBLEM :
> C:\oracle\jdk-11.0.15\bin\jlink --add-modules ALL-MODULE-PATH --output jre --strip-debug --no-man-pages --no-header-files --compress=2 --module-path "C:\oracle\jdk-11.0.15\jmods" --output compressedrt --add-options="-Xmx64m"

and try to execute

> compressedrt\bin\java.exe -version


EXPECTED VERSUS ACTUAL BEHAVIOR :
EXPECTED -
java doesn't hang
ACTUAL -
java hangs