Trio Petroleum Corp announced a one-for-nine (1:9) reverse stock split of its common stock to protect its NYSE American listing. The Board approved the split on August 12, 2026, within the range authorized by shareholders in May 2026. The effective date is August 28, 2026, at 4:30 p.m. ET, with split-adjusted trading beginning on August 31, 2026. Fractional shares will be cashed out based on the closing price on the effective date. Proportionate adjustments apply to outstanding options, warrants, and convertible securities. The company also highlighted its strategy of combining acquisitions with internal drilling development, citing $22 million in cash as of April 30, 2026, and an additional $1.7 million raised via ATM facilities. Trio Petroleum Corp is an independent oil and gas company focused on the acquisition, development, and optimization of oil and gas properties in North America.

Trio Petroleum Corp entered into an amendment to the independent contractor agreement with CFO Greg Overholtzer on July 1, 2026, increasing his monthly compensation from $15,000 to $17,000. Trio Petroleum Corp is an oil and gas exploration and production company.