Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 301

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 301
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 from trading
on the NYSE American.

In
the event that our common stock is delisted from the NYSE American and is not eligible for quotation on another market or exchange, trading
of our common stock could be conducted in the over-the-counter market or on an electronic bulletin board established for unlisted securities,
such as the Pink Sheets or the OTC Markets. In such event, investors may face material adverse consequences, including, but not limited
to, a lack of trading market for the common stock, reduced liquidity and market price of the common stock, decreased analyst coverage
of our common stock, and an inability for us to obtain any additional financing to fund our operations that we may need.

If
our common stock is delisted, our common stock may be subject to the so-called “penny stock” rules. The SEC has adopted regulations
that define a penny stock to be any equity security that has a market price per share of less than $5.00, subject to certain exceptions,
such as any securities listed on a national securities exchange. For any transaction involving a penny stock, unless exempt, the rules
impose additional sales practice requirements and burdens on broker-dealers (subject to certain exceptions) and could discourage broker-dealers
from effecting transactions in our stock, further limiting the liquidity of our shares, and an investor may find it more difficult to
acquire or dispose of the common stock on the secondary market.

These
factors could have a material adverse effect on the trading price, liquidity, value and marketability of the common stock.

28

Our
share price may be volatile, and purchasers of our common stock could incur substantial losses.

Our
share price has been extremely volatile in the past and may continue to be so in the future. Since our 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. 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, including, but not limited to:

    ●
    the
    price of oil and natural gas;
  
    ●
    the
    success of our exploration and development operations, and the marketing of any oil and natural gas we produce;
  
    ●