Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 19

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 19
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 all assets remaining after payment of liabilities and payment of accrued dividends and liquidation preferences
on the Preferred Stock, if any. There are no redemption or sinking fund provisions that are applicable to our Common Stock. Subject only
to the requirements of the Delaware General Corporation Law (the “DGCL”) and the limits in the A&R Certificate of Incorporation,
the Board may issue shares of our Common Stock without stockholder approval, at any time and from time to time, to such persons and for
such consideration as the Board deems appropriate. Holders of our Common Stock have no preemptive rights and have no rights to convert
their Common Stock into any other securities. The outstanding Common Stock is validly authorized and issued, fully paid and nonassessable.
Our Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GPOR.”

Preferred Stock

As of March 31, 2025, there
were 32,887 shares of Series A Preferred Stock issued and outstanding.

Authorized and unissued shares
of Preferred Stock may be issued from time to time in one or more additional series as the Board may from time to time determine, each
of said series to be distinctively designated. The voting powers, preferences and relative, participating, optional and other special
rights, and the qualifications, limitations or restrictions thereof, if any, of each such series of Preferred Stock may differ from those
of any and all other series of Preferred Stock (including the Series A Preferred Stock) at any time outstanding, and, subject to
certain limitations set forth in the A&R Certificate of Incorporation and applicable law, the Board may fix or alter, by resolution
or resolutions, the designation, number, voting powers, preferences and relative, participating, optional and other special rights, and
the qualifications, limitations and restrictions thereof, of each series of Preferred Stock. The issuance of any such Preferred Stock
could adversely affect the rights of the holder of our Common Stock and, therefore, reduce the value of such Common Stock. The ability
of the Board to issue Preferred Stock could discourage, delay or prevent a takeover of Gulfport.

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Series A Preferred Stock

Ranking

Each share of the Series A
Preferred Stock will be identical in all respects to every other share of the Series A Preferred Stock, and will, with respect to
dividend rights, redemption rights and rights upon liquidation, dissolution or winding-up of the affairs of Gulfport, rank senior