Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 27

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 27
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 information relating to the Warrants, including, where applicable:

(1) the
number of securities purchasable upon exercise of the Warrants and the price at which such securities may be purchased upon exercise of
the Warrants;

(2) the
date on which the right to exercise the Warrants commences and the date on which such right expires (the “Expiration Date”);

(3) the
United States federal income tax consequences applicable to the Warrants;

(4) the
amount of the Warrants outstanding as of the most recent practicable date; and

(5) any
other terms of the Warrants.

Warrants will be offered and
exercisable for United States dollars only. Warrants will be issued in registered form only. Each Warrant will entitle its holder to purchase
such number of securities at such exercise price as is in each case set forth in, or calculable from, the prospectus supplement relating
to the Warrants. The exercise price may be subject to adjustment upon the occurrence of events described in such prospectus supplement.
After the close of business on the Expiration Date (or such later date to which we may extend such Expiration Date), unexercised Warrants
will become void. The place or places where, and the manner in which, Warrants may be exercised will be specified in the prospectus supplement
relating to such Warrants.

Prior to the exercise of any
Warrants, holders of the Warrants will not have any of the rights of holders of securities, including the right to receive payments of
any dividends on the securities purchasable upon exercise of the Warrants, or to exercise any applicable right to vote.

<div align='center'>18

DESCRIPTION OF DEPOSITARY SHARES</div>

We may offer depositary shares
(either separately or together with other securities) representing fractional interests in our Preferred Stock of any series. In connection
with the issuance of any depositary shares, we will enter into a deposit agreement with a bank or trust company, as depositary, which
will be named in the applicable prospectus supplement. Depositary shares will be evidenced by depositary receipts issued pursuant to the
related deposit agreement. Immediately following our issuance of the Preferred Stock related to the depositary shares, we will deposit
the Preferred Stock with the relevant preferred stock depositary and will cause the preferred stock depositary to issue, on our behalf,
the related depositary receipts. Subject to the terms of the deposit agreement, each