Trio Petroleum announces 1-for-9 reverse stock split effective Aug 28 to protect NYSE American listing

Trio Petroleum Corp

1-for-9 reverse stock split effective 4:30 p.m. ET Aug 28, 2026; trading begins split-adjusted Aug 31 under TPET, new CUSIP 89669L306.
Board approved ratio Aug 12, 2026 within range stockholders approved at May 21, 2026 annual meeting; fractional shares paid in cash at closing price.
Cash of ~$22M as of April 30, 2026 plus ~$1.7M raised via ATM facility since then to fund growth strategy.
Company expanding strategy beyond acquisitions to include drilling; actively evaluating US and Canada oil and gas acquisition targets.
CEO Robin Ross says split is proactive to protect listing amid potential exchange rule changes, not a change in business strategy.

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