Trio Petroleum Announces 1-for-9 Reverse Stock Split

What Happened

• Trio Petroleum Corp. (TPET) filed an 8‑K on August 18, 2026 reporting that its Board approved a one‑for‑nine (1:9) reverse stock split. The split was authorized by stockholders at the Company’s May 21, 2026 annual meeting. The Company will file a Certificate of Amendment with the Delaware Secretary of State on August 28, 2026 to effect the Reverse Stock Split, which becomes effective at 4:30 p.m. ET on August 28, 2026. Trading in the common stock will begin trading on a split‑adjusted basis when the market opens on August 31, 2026.

Key Details

• Reverse split ratio: one (1) new share for every nine (9) existing shares (1:9).
• Effective timing: Certificate of Amendment to be filed Aug 28, 2026; effective 4:30 p.m. ET Aug 28; trading adjusted Aug 31, 2026.
• Fractional shares: holders entitled to fractional shares will receive cash in lieu, paid at the NYSE American closing price on the effective date.
• Securities adjustments: exercise prices and number of shares for outstanding options, warrants, convertible securities and shares reserved under equity plans will be proportionally adjusted.

Why It Matters

• The Reverse Stock Split will reduce the number of issued and outstanding common shares and proportionally increase the per‑share figures (share counts and exercise/conversion terms will be adjusted). Shareholders who hold share amounts not divisible by nine will receive cash rather than fractional shares. The company’s common stock will continue trading on the NYSE American under the symbol “TPET” (new CUSIP: 89669L306). The Form 8‑K also furnished a press release (Exhibit 99.1) and the form of the Certificate of Amendment (Exhibit 3.1). Investors should review the Company’s proxy statement and the filed exhibits for full details and contact VStock Transfer (transfer/exchange agent) with questions about the exchange process.