other material
confidence high
sentiment neutral
materiality 0.60
Trio Petroleum shareholders approve reverse split up to 1:20, expand equity plan, extend notes
Trio Petroleum Corp
- Voters authorized reverse stock split in range of 1-for-5 to 1-for-20 at Board discretion.
- 2022 Equity Incentive Plan increased from 4M to 10M shares reserved for issuance.
- John Randall and Thomas Pernice elected as Class III directors for three-year terms.
- Note amendments with two institutional investors extend maturity to Sept 16, 2024 and add 15% interest on $750K outstanding.
- Bush & Associate CPA LLC ratified as independent auditor for FY ending Oct 31, 2024.