SplitJul 2, 2026, 06:06 AM
Patriot Gold Board Approves 1-for-10 Reverse Stock Split
AI Summary
Patriot Gold Corp's board of directors and principal stockholders have approved a one-for-ten reverse stock split of its common stock. The reverse stock split is contingent on completing all required regulatory and administrative processes, including review by FINRA. The company has not yet established the record date, effective date, or the date for split-adjusted trading, which will be announced after FINRA review. The split will reduce the number of outstanding shares but will not alter stockholders' proportionate interest or the company's total stockholders' equity.
Key Highlights
- Board and principal stockholders approved a 1-for-10 reverse stock split.
- The reverse stock split is subject to FINRA review and administrative processes.
- Record date, effective date, and split-adjusted trading date are not yet established.
- The split will decrease outstanding common shares but not affect proportionate interest.
- Par value of common stock will remain unchanged.
- Total stockholders' equity will not be affected by the reverse stock split.
Price Impact
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