PATRIOT GOLD CORP 8-K

What Happened
PATRIOT GOLD CORP announced that on October 7, 2025 its board of directors and principal stockholders holding a majority of outstanding common stock approved a one (1) share for ten (10) shares reverse stock split. The reverse split is subject to required regulatory and administrative processes, including review by the Financial Industry Regulatory Authority (FINRA). The company has submitted, or expects to submit, materials to FINRA; the record date, effective date, and the date when the stock will trade on a split‑adjusted basis have not yet been set.

Key Details

• Approval date: October 7, 2025; ratio: 1-for-10 reverse stock split (one post-split share for every ten pre-split shares).
• Regulatory step: Subject to FINRA review; required dates (record/effective/trading) have not been established.
• Effects on holders and accounting: The number of outstanding common shares will decrease, number of stockholders will remain unchanged, and each holder’s proportional interest will be unchanged except for minor rounding of fractional shares. Par value per share stays the same; aggregate par value decreases while additional paid-in capital increases by a corresponding amount, leaving total stockholders’ equity unchanged.
• Corporate rights: All common shares retain equal voting, dividend and liquidation rights; split shares will be fully paid and non-assessable. Historical share and per‑share figures will be retroactively adjusted in future filings.

Why It Matters
For investors, the approved reverse split changes the share count and how per‑share amounts are presented (past periods will be restated on a post‑split basis), but does not change owners’ proportional interests in the company (aside from rounding) or total stockholders’ equity. Important next steps are FINRA’s review and the company’s announcement of the record and effective dates — until those are set the split is not effective.