Trio Petroleum to execute 1-for-9 reverse stock split Aug. 28 to maintain NYSE American listing - TPET News | RalliesTrio Petroleum to execute 1-for-9 reverse stock split Aug. 28 to maintain NYSE American listing
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TPET• Reverse split details
- Trio Petroleum will execute a 1-for-9 reverse stock split to support compliance with NYSE American listing standards.
- The split takes effect Aug. 28 at 4:30 p.m. ET; trading on a post-split basis begins Aug. 31 under TPET.
- Shares will trade with a new CUSIP number 89669L306.
- Cash will be paid in lieu of fractional shares based on the closing price on the effective date.
- Options, warrants, convertible securities, and equity plan reserves will be adjusted proportionately.
