Trio Petroleum announces 1:20 reverse stock split effective Nov 14, 2024

Trio Petroleum Corp

Board approved 1-for-20 reverse stock split on Oct 23, 2024; ratio within range approved by stockholders on Aug 15, 2024.
Effective 5 p.m. EDT Nov 14, 2024; post-split trading begins at market open Nov 15, 2024 under same symbol TPET.
Every 20 existing shares convert to 1 share; fractional shares rounded up; no change in par value.
Proportionate adjustments made to outstanding stock options, warrants, and convertible securities.
New CUSIP number 89669L207; VStock Transfer acting as exchange agent.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Trio Petroleum Corp: Amended Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2024-11-14).

Change: charter amendment
Effective: 2024-11-14

Exact text from the filing

On October 23 , 2024, the Board approved a one-for-twenty (1:20) reverse stock split of the Company’s issued and outstanding shares of common stock (the “Reverse Stock Split” ). The Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment” ) on November 14, 2024 to effect the Reverse Stock Split.

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Source: SEC EDGAR

accession 0001493152-24-043511

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