Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 110

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1A
Chunk 110
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 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 split, if necessary.  

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Item 2.