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Patriot Gold approves 1-for-10 reverse stock split

Patriot Gold Corp. (PGOL) says its board and principal stockholders holding a majority of outstanding common stock approved a 1-for-10 reverse stock split on October 7, 2025.

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Form Type
8-K/A

Rhea-AI Filing Summary

Patriot Gold Corp. (PGOL) says its board and principal stockholders holding a majority of outstanding common stock approved a 1-for-10 reverse stock split on October 7, 2025. The split is subject to completion of required regulatory and administrative processes, including review of the related corporate action by FINRA and the Canadian Securities Exchange, as applicable. The company says it has submitted, or expects to submit, the required materials.

Patriot Gold says the split will decrease outstanding common shares but will not affect stockholders’ proportionate interests before closing of the Share Exchange, except for minor differences from fractional-share rounding. Par value will remain unchanged; aggregate par value will decrease and additional paid-in capital will increase correspondingly, leaving total stockholders’ equity unchanged.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Reverse stock split ratio 1-for-10 Approved October 7, 2025; subject to required regulatory and administrative processes
Approval date October 7, 2025 Date the reverse stock split was approved
Voting entitlement 1 vote per share Each share of common stock
non-cumulative vote regulatory
"one non-cumulative vote for each share held"
preemptive rights regulatory
"no preemptive rights to acquire additional shares"
A shareholder's preemptive rights are contractual or legal rights to buy new shares first when a company issues more stock, so existing owners can maintain their percentage ownership and voting power. Think of it like getting first dibs on extra slices when a pie is cut again: it limits dilution of ownership and influence by letting current holders purchase enough new shares to keep their stake from shrinking.
additional paid-in capital financial
"our additional paid-in capital will be increased"
Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What reverse stock split did PGOL approve?

PGOL approved a 1-for-10 reverse stock split on October 7, 2025. It is subject to completion of required regulatory and administrative processes, including review of the related corporate action by FINRA and the Canadian Securities Exchange, as applicable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 1, 2026

 

 

PATRIOT GOLD CORP.

(Exact name of registrant as specified in its charter)

 

 

Nevada   000-32919   86-0947048
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

401 Ryland Street, Suite 180
Reno, NV 89502

(Address of principal executive offices)

 

1-702-456-9565

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

   

 

 

Item 8.01 Other Events.

 

On October 7, 2025, our board of directors and principal stockholders holding a majority of our outstanding common stock approved a one (1) share for ten (10) shares reverse stock split of our issued and outstanding common stock.

 

The Reverse Stock Split is subject to the completion of all required regulatory and administrative processes, including the review of the related corporate action by the Financial Industry Regulatory Authority ("FINRA") and the Canadian Securities Exchange (“CSE”), as applicable. The Company has submitted, or expects to submit, the required materials to FINRA and the CSE in connection with the Reverse Stock Split. The record date, effective date, and the date on which the Company's common stock will begin trading on a split-adjusted basis have not yet been established. The Company will publicly announce such dates following the completion of the applicable regulatory review processes and determination of the relevant dates.

 

All shares of our common stock have equal rights and privileges with respect to voting, liquidation and dividend rights. Each share entitles the holder thereof to (i) one non-cumulative vote for each share held of record on all matters submitted to a vote of the stockholders; (ii) to participate equally and to receive any and all such dividends as may be declared by the board of directors; and (iii) to participate pro rata in any distribution of assets available for distribution upon liquidation. Holders of our common stock have no preemptive rights to acquire additional shares of common stock or any other securities. The common stock is not subject to redemption and carries no subscription or conversion rights.

 

The split shares of common stock issued in connection with the Reverse Stock Split will be fully paid and non-assessable. The number of stockholders will remain unchanged as a result of the Reverse Stock Split. The Reverse Stock Split will decrease the number of outstanding common shares but will not affect any stockholder’s proportionate interest in our company prior to the closing of the Share Exchange, except for minor differences resulting from the rounding of fractional shares. The par value of our common stock will remain unchanged. While the aggregate par value of our outstanding common stock will be decreased, our additional paid-in capital will be increased by a corresponding amount. Therefore, the Reverse Stock Split will not affect our total stockholders’ equity. All share and per share information will be retroactively adjusted to reflect the split for all periods presented in our future financial reports and regulatory filings.

 

 

 

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Patriot Gold Corp.
  (Registrant)
     
     
  By: /s/ Trevor Newton
    Trevor Newton, President

 

Date:  October 28, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Filing Exhibits & Attachments

3 documents

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