Core Points - Gulf Resources, Inc. will implement a 1-for-10 reverse stock split effective October 27, 2025, to increase the bid price of its common stock and regain compliance with Nasdaq listing requirements [1][2][3] - The reverse stock split will reduce the number of outstanding shares from approximately 13.63 million to about 1.36 million, while the number of authorized shares will remain unchanged [3][4] - Stockholders will not need to take any action as the adjustment will occur automatically, and fractional shares will be rounded up to the nearest whole number [4] Company Overview - Gulf Resources, Inc. operates through four wholly-owned subsidiaries and is one of the largest producers of bromine in China, with applications in various industries including agriculture and pharmaceuticals [6] - The company also manufactures chemical products for oil and gas exploration, papermaking, and crude salt through its subsidiaries [6]
Gulf Resources, Inc. Announces Reverse Stock Split