regulatory
confidence high
sentiment negative
materiality 0.75
Nasdaq notifies Gulf Resources of non-compliance with minimum bid price; stock closed below $1 for 34 consecutive days
GULF RESOURCES, INC.
- Received deficiency letter on Nov 5, 2024 due to bid price below $1 for 34 consecutive business days.
- Has 180 calendar days, until May 5, 2025, to regain compliance by closing at $1+ for 10 consecutive days.
- If not compliant, may seek additional 180-day period by submitting transfer application and meeting other conditions.
- Company intends to monitor bid price and evaluate options but cannot assure compliance.