Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 299

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 299
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 Securities

There
can be no assurance that an active and liquid trading market for our common stock will continue or that we will be able to continue to
comply with the NYSE American’s continued listing standards.

Our
common stock began trading on the NYSE American exchange in April 2023, as a result of our consummation of an initial public offering
of our shares of common stock. Our common stock is currently listed on the NYSE American under the symbol “TPET.” There can
be no assurance an active and liquid trading market in our common stock will continue.

There
is no guarantee that we will be able to maintain such listing for any period of time by perpetually satisfying the NYSE American’s
continued listing requirements. Our failure to continue to meet these requirements may result in our common stock being delisted from
the NYSE American.

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.

Our
common stock is listed on the NYSE American. In order to maintain this listing, we must maintain a certain share price, financial and
share distribution targets, including maintaining a minimum amount of stockholders’ equity and a minimum number of public stockholders.
In addition to these objective standards, the NYSE American may delist the securities of any issuer (i) if, in its opinion, the issuer’s
financial condition and/or operating results appear unsatisfactory; (ii) if it appears that the extent of public distribution or the
aggregate market value of the security has become so reduced as to make continued listing on the NYSE American inadvisable; (iii) if
the issuer sells or disposes of principal operating assets or ceases to be an operating company; (iv) if an issuer fails to comply with
the NYSE American’s listing requirements; (v) if an issuer’s securities sell at what the NYSE American considers a “low
selling price” which the exchange generally considers $0.10 per share, the NYSE American may suspend trading of our common stock,
until the issuer corrects this via a reverse split of shares after notification by the NYSE American; or (vi) if any other event occurs
or any condition exists which makes continued listing on the NYSE American, in its opinion, inadvisable. There are no assurances how
the market price of our common stock will be impacted in future periods as a