UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act 1934
Date of Report (date of earliest event reported): January 23, 2020
Gulf Resources, Inc.
(Exact name of registrant as specified in charter)
Nevada
(State or other jurisdiction of incorporation)
000-20936 (Commission File Number) |
13-3637458 (IRS Employer Identification No.) |
Level 11,Vegetable Building, Industrial Park of the East Shouguang City, Shandong, China
(Address of principal executive offices and zip code)
+86 (536) 567 0008
(Registrant's telephone number including area code)
(Registrant's former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, $0.0005 par value | GURE | NASDAQ Global Select Market |
Item 8.01 Other Events.
On January 24, 2020, Gulf Resources, Inc. (the “Company”) announced in a press release that it received a letter from the Nasdaq Stock Market Listing Qualifications Staff (the “Staff”) dated January 23, 2020 notifying that the Company has regained compliance with the shareholder approval requirements set forth in the Nasdaq Listing Rule 5635(c) in connection with shares issued to a consultant, based on the Staff’s review of the Company’s submitted materials. A copy of the press release is furnished as Exhibits 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 | Press Release of Gulf Resources, Inc. dated January 24, 2020. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GULF RESOURCES, INC. | |||
By: | /s/ Min Li | ||
Name: | Min Li | ||
Title: | Chief Financial Officer | ||
Dated: January 24, 2020
Exhibit 99.1
Gulf Resources, Inc. Regains Compliance with Nasdaq Shareholder Approval Requirements
SHANDONG, China, January 24, 2020 /GLOBE NEWSWIRE/ -- Gulf Resources, Inc. (the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on January 23, 2020, it received a letter from the Nasdaq Stock Market Listing Qualifications Staff (the “Staff”) dated January 23, 2020 notifying that the Company has regained compliance with the shareholder approval requirements set forth in Nasdaq Listing Rule 5635(c) in connection with shares issued to a consultant, based on the Staff’s review of the Company’s submitted materials.
As previously disclosed in the Company’s Current Report on Form 8-K filed on September 19, 2019, the Company was notified by Nasdaq on September 13, 2019 that it did not comply with Nasdaq’s shareholder approval requirements set forth in Nasdaq Listing Rule 5635(c) and the Company was required to submit a plan of compliance by October 28, 2019.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through three wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC"), Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"), and Daying County Haoyuan Chemical Company Limited (“DCHC”). The company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com.
Forward-Looking Statements
Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
CONTACT: Gulf Resources, Inc.
Web: | http://www.gulfresourcesinc.com |
Director of Investor Relations | |
Helen Xu (Haiyan Xu) | |
beishengrong@vip.163.com |