Company: GURE
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001193805-25-000621
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Company: GULF RESOURCES, INC.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 3.01
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.

On May 6, 2025, Gulf Resources,
Inc. (the “ Company”) was notified by the Listing Qualifications Staff (the “ Staff”) of The Nasdaq Stock
Market LLC (“ Nasdaq”) that the Staff granted the Company’s request to transfer the listing of its common stock,
par value $0.0005 per share (the “ Common Shares”), from The Nasdaq Global Select Market tier to The Nasdaq Capital
Market tier, and that the Staff granted the Company’s request for a second 180-calendar day period, or until November 3, 2025 (the
“ Second Compliance Period”), to regain compliance with the $1.00 bid price requirement, as set forth in Nasdaq Listing
Rule 5550(a)(2). To regain compliance with such minimum price requirement, the Company must evidence a closing bid price of at least $1.00
per share for a minimum of 10 consecutive business days. The transfer of the listing of the Common Shares from The Nasdaq Global Select
Market to The Nasdaq Capital Market took effect with the open of business on May 8, 2025. The transfer is not expected to impact trading
in the Common Shares, which will continue to trade on Nasdaq under the symbol “ GURE.”

As previously announced, on
November 5, 2024, the Staff notified the Company that the bid price for the Common Shares had closed below $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