Trio Petroleum Corp. Files 2024 10-K/A Amendment

TL;DR

Trio Petroleum filed its 2024 10-K/A, check the updated financials for oil & gas!

AI Summary

Trio Petroleum Corp. filed an amendment (10-K/A) on January 30, 2025, for its fiscal year ending October 31, 2024. The filing details financial data, including common stock, share subscription receivables, additional paid-in capital, and retained earnings for the fiscal years 2023 and 2024. The company is involved in crude petroleum and natural gas extraction.

Why It Matters

This amendment provides updated financial information for Trio Petroleum Corp., crucial for investors and stakeholders to assess the company's financial health and performance in the oil and gas sector.

Risk Assessment

Risk Level: medium — The company operates in the volatile crude petroleum and natural gas industry, which carries inherent risks.

Key Numbers

• 2024-10-31 — Fiscal Year End (Period of report for the 10-K/A)
• 2025-01-30 — Filing Date (Date the amendment was filed)

Key Players & Entities

• Trio Petroleum Corp. (company) — Filer of the 10-K/A
• 0001898766 (company) — Central Index Key for Trio Petroleum Corp.
• CRUDE PETROLEUM & NATURAL GAS [1311] (industry) — Standard Industrial Classification
• BAKERSFIELD, CA (location) — Business and Mail Address

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share TPET NYSE American LLC
• $125,000 — missory Note in the principal amount of $125,000, with an issuance date of March 26, 202
• $211,500 — missory Note in the principal amount of $211,500, with an issue date of March 27, 2024 (
• $152,000 — missory Note in the principal amount of $152,000, with an issue date of August 1, 2024 (
• $255,225 — missory Note in the principal amount of $255,225, with an issue date of August 6, 2024 (
• $800,000 — ory Note (Aggregate Principal Amount of $800,000, dated June 27, 2024 (incorporated by r

Filing Documents

• form10-ka.htm (10-K/A) — 1736KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• ex23-1_001.jpg (GRAPHIC) — 7KB
• 0001493152-25-004268.txt ( ) — 10268KB
• tpet-20241031.xsd (EX-101.SCH) — 60KB
• tpet-20241031_cal.xml (EX-101.CAL) — 53KB
• tpet-20241031_def.xml (EX-101.DEF) — 327KB
• tpet-20241031_lab.xml (EX-101.LAB) — 500KB
• tpet-20241031_pre.xml (EX-101.PRE) — 421KB
• form10-ka_htm.xml (XML) — 1606KB

FINANCIAL STATEMENTS AND SCHEDULES

FINANCIAL STATEMENTS AND SCHEDULES. Exhibit Number Description of Exhibit 3.1 Amended & Restated Certificate of Incorporation of Trio Petroleum Corp (incorporated by reference to Exhibit 3.2 of the Company's Amendment No. 4 to Form S-1 (File No. 333-267380), filed with the Commission on January 5, 2023). 3.2 Certificate of Amendment to Amended and Restated Certificate of Incorporation of Trio Petroleum Corp. (incorporated by reference to Exhibit 3.1 of the Company's Form 8-K, filed with the Commission on November 4, 2024) 3.3 Amended and Restated Bylaws of Trio Petroleum Corp. (incorporated by reference to Exhibit 3.4 of the Company's Amendment No. 4 to Form S-1 (File No. 333-267380), filed with the Commission on January 5, 2023). 4.1 Specimen Common Stock Certificate evidencing the shares of Common Stock (incorporated by reference to Exhibit 4.1 of the Company's Form S-1 (File No. 333-267380), filed with the Commission on September 12, 2022). 4.2 Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 of the Company's Form 8-K, filed with the Commission on October 4, 2023). 4.3 Trio Petroleum Corp. Common Stock Purchase Warrant dated January 2, 2024 (incorporated by reference to Exhibit 4.2 of the Company's Form 8-K, filed with the Commission on January 2, 2024). 4.4 Trio Petroleum Corp. Placement Agent Warrant Agreement - Common Stock Purchase Warrant dated January 2, 2024. (incorporated by reference to Exhibit 4.3 of the Company's Form 8-K, filed with the Commission on January 2, 2024). 4.5 Trio Petroleum Corp. Unsecured Subordinated Promissory Note in the principal amount of $125,000, with an issuance date of March 26, 2024 (incorporated by reference to Exhibit 10.1 of the Company's Form 8-K, filed with the Commission on April 1, 2024). 4.6 Promissory Note in the principal amount of $211,500, with an issue date of March 27, 2024 (incorporated by reference to Exhibit 4.1 of the Company's Form 8-K, filed wi

SIGNATURES

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, thereunto duly authorized. TRIO PETROLEUM CORP. By: /s/ Robin Ross Robin Ross Chairman and Chief Executive Officer (Principal Executive Officer) Date: January 30, 2025 By: /s/ Greg Overholtzer Greg Overholtzer Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) Date: January 30, 2025 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities held on the dates indicated. Signature Title Date /s/ Robin Ross Chairman, Chief Executive Officer and Director Robin Ross (principal executive officer) January 30, 2025 /s/ Gregory L. Overholtzer Chief Financial Officer Gregory L. Overholtzer (principal financial officer and principal accounting officer) January 30, 2025 * Vice Chairman and Director January 30, 2025 Stanford Eschner * Director January 30, 2025 William J. Hunter * Director January 30, 2025 John Randall * Director January 30, 2025 Thomas J. Pernice * Director January 30, 2025 James H. Blake *By: /s/ Robin Ross Robin Ross Attorney-in-fact 5 TRIO PETROLEUM CORP. Financial TABLE OF CONTENTS Page Report of Independent Registered Public Accounting Firm (PCAOB ID 5041 ) F-2 Financial Balance Sheets as of October 31, 2024 and 2023 F-3 of Operations for the Years Ended October 31, 2024 and 2023 F-4 of Changes in Stockholders' Equity for the Years Ended October 31, 2024 and 2023 F-5 of Cash Flows for the Years Ended October 31, 2024 and 2023 F-6 Notes to Financial Statements F-7 F-1 Report of Independent Registered

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View this 10-K/A filing on SEC EDGAR