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Trio Petroleum Corp. ( (TPET) ) has shared an announcement.
At its May 21, 2026 annual meeting, Trio Petroleum Corp. reported that a quorum representing about 40.9% of its 32.4 million eligible common shares was present or represented by proxy. Stockholders elected Class III director Robin Ross to a three-year term expiring at the 2029 annual meeting, reinforcing board continuity and existing governance arrangements.
Investors also approved a reverse stock split authorization at a ratio between 1-for-2 and 1-for-10, giving the board flexibility to consolidate shares once it selects a final ratio and files the necessary charter amendment in Delaware. In addition, stockholders voted to significantly increase the share pool under the 2022 Equity Incentive Plan from about 3.0 million to 6.45 million shares and ratified Bush & Associates CPA LLC as the independent auditor for the fiscal year ending October 31, 2026, moves that collectively support capital markets flexibility, employee and director incentives, and financial reporting stability.
More about Trio Petroleum Corp.
Trio Petroleum Corp. is a publicly traded company whose common stock is held by more than 32 million shares eligible to vote as of March 26, 2026. The company operates under a typical U.S. corporate governance structure with a classified board, an equity incentive plan for employees and directors, and the use of an independent registered public accounting firm for its financial reporting.
Average Trading Volume: 36,861,335
Technical Sentiment Signal: Sell
Current Market Cap: $12.92M
For detailed information about TPET stock, go to TipRanks’ Stock Analysis page.