Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 3

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 3
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 sale price of our common stock was $1.36 per share. There is no established public trading market for the Pre-Funded Warrants. We do not intend to apply for listing of the Pre-Funded Warrants on any securities exchange or recognized trading system. Without an active trading market, the liquidity of the Pre-Funded Warrants will be limited.

On
November 5, 2024, we received notice from the NYSE American that the NYSE American had suspended trading of our shares of common
stock, until the effectiveness of a reverse stock split of our shares of common stock at a ratio of one share of common stock for
every 20 shares of common stock outstanding (the “Reverse Stock Split”), because our common stock was consistently
selling at a low selling price per share in violation of Section 1003(f)(v) of the NYSE American Company Guide. Upon effecting the
Reverse Stock Split, our common stock began trading again on the NYSE American on November 15, 2024. If, in the future, the price of
our common stock falls out of compliance, again, with the continued listing requirements of the NYSE American, this could result in
a de-listing of our common stock from trading on the NYSE American. See “Risk Factors - Risk Factors Relating to this Offering and our Common Stock – If we are not able to comply with the applicable continued listing requirements or standards of the NYSE American, our common stock could be delisted from the NYSE American” on pages 32 and 33 of this prospectus for a more detailed discussion of the Reverse Stock Split and the risks
of the delisting of the Company’s common stock from the NYSE American.

Our share price has been extremely volatile in the past and may continue to be so in the future. Since our initial public offering in April 2023 (“IPO”), our common stock has traded at prices ranging from $60.00 and $1.12 (on a post-reverse stock split basis). The stock market in general has experienced extreme volatility that has often been unrelated to the operating performance of particular companies. This is particularly applicable to small-capitalized companies like us. As a result of this volatility, investors may not be able to sell their common stock at or above the price paid for such shares. The market price for our common stock may be influenced by many factors. Specifically, oil and gas stocks are also particularly volatile because the price of oil itself is highly volatile, which is