Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 56

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 56
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 $1.00 per share for 30 consecutive business days
and, as a result, the Company no longer satisfied Nasdaq Listing Rule 5450(a)(1), the minimum bid price requirement applicable to The
Nasdaq Global Select Market issuers. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was afforded an initial 180-calendar day
grace period, through May 5, 2025, to regain compliance with the minimum bid price requirement.

Issuers listed on The Nasdaq Global Select Market
are not eligible for a second 180-day grace period under the Nasdaq Listing Rules. However, based upon the Company’s compliance
with the various criteria required under Nasdaq Listing Rule 5810(c)(3)(A)(ii) to obtain a second 180-day grace period applicable to issuers
listed on The Nasdaq Capital Market, the Company applied to transfer the listing of its Common Shares to The Nasdaq Capital Market. As
noted above, the Staff approved the Company’s transfer application on May 6, 2025.

The Company intends to closely monitor the closing
bid price for its Common Shares and consider all available options to timely remedy the bid price deficiency. If at any time during the
Second Compliance Period, the closing bid price of the Common Shares is at least $1.00 per share for a minimum of 10 consecutive business
days, the Staff will provide the Company with written confirmation of compliance and the matter will be closed,
unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H).

The Company can give no assurance that it will
regain or demonstrate compliance during the Second Compliance Period. If the Company is not able to demonstrate compliance with the minimum
bid price requirement by November 3, 2025, or the Company does not comply with the terms of the extension, the Staff will provide written
notification to the Company that the Common Shares will be delisted. At that time, the Company may appeal the Staff’s determination
to the Nasdaq Hearings Panel (the “Panel”). The Company’s appeal request would stay any delisting action by the Staff
at least pending a hearing before the Panel and the expiration of any extension that may be granted by the Panel to the Company following
the hearing.

The Company has provided written notice to Nasdaq
of its intention to cure the deficiency during the Second Compliance Period by effecting a reverse stock