Trio Petroleum Corp (TPET): Nasdaq/NYSE listing notice — Trio Petroleum received NYSE American deficiency notice for low stock price; must cure by Aug 26, 2024

Trio Petroleum Corp

Received NYSE American notice on Feb 26, 2024 for noncompliance with Section 1003(f)(v) due to low share price.
Must demonstrate sustained price improvement or effect reverse stock split by August 26, 2024 to avoid delisting.
Common stock continues trading under symbol TPET with '.BC' designation indicating noncompliance.
Company monitoring price and considering options; expects to begin McCool field operations soon.
Notice has no immediate effect on business operations or SEC reporting requirements.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Trio Petroleum Corp received a nyse_american noncompliance notice notice regarding minimum bid price (rules 1003(f)(v)).

Exchange: nyse american
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 1003(f)(v)

Exact text from the filing

February 26, 2024, Trio Petroleum Corp., a Delaware corporation (the “ Company ”) received written notice (the “ Notice ”) from the NYSE American LLC (“ NYSE American ”) indicating that the Company is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (“ Section 1003(f)(v) ”) because the shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”) have been selling for a substantial period of time at a low price per share. The Notice has no immediate effect on the listing or trading of the Company

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8 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Trio Petroleum Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-008491

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