Trio Petroleum Corp. Files 8-K: Material Agreement & Equity Sales
Ticker: TPET · Form: 8-K · Filed: Apr 17, 2024 · CIK: 1898766
| Field | Detail |
|---|---|
| Company | Trio Petroleum Corp. (TPET) |
| Form Type | 8-K |
| Filed Date | Apr 17, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $360,000, $310,000, $0.0001, $400,000, $40,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sales, financials
TL;DR
Trio Petroleum Corp. filed an 8-K on 4/16/24 detailing a material agreement and equity sales.
AI Summary
Trio Petroleum Corp. announced on April 16, 2024, that it entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing details are for Trio Petroleum Corp., incorporated in Delaware with its principal executive offices in Danville, CA.
Why It Matters
This 8-K filing signals significant corporate activity for Trio Petroleum Corp., including a new material agreement and equity transactions, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — 8-K filings often contain material information that can lead to stock price volatility, especially those related to definitive agreements and equity sales.
Key Numbers
- 001-41643 — SEC File Number (Identifies the company's filing with the SEC.)
- 87-1968201 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Trio Petroleum Corp. (company) — Registrant
- April 16, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Danville, CA (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Trio Petroleum Corp.?
The filing states that Trio Petroleum Corp. entered into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 16, 2024.
In which state is Trio Petroleum Corp. incorporated?
Trio Petroleum Corp. is incorporated in Delaware.
What are the principal executive offices of Trio Petroleum Corp.?
The principal executive offices of Trio Petroleum Corp. are located at 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506.
What other items are reported in this 8-K filing besides the material definitive agreement?
This 8-K filing also reports on unregistered sales of equity securities and includes financial statements and exhibits.
Filing Stats: 1,417 words · 6 min read · ~5 pages · Grade level 14.2 · Accepted 2024-04-17 06:45:38
Key Financial Figures
- $360,000 — any for gross proceeds in the amount of $360,000 resulting in net proceeds to the Compan
- $310,000 — he Company, after offering expenses, of $310,000 (the "Financing"). The Company also iss
- $0.0001 — 0 shares of its common stock, par value $0.0001 per share, as and for a commitment fee
- $400,000 — the Investor in the principal amount of $400,000, having an original issue discount of $
- $40,000 — 0, having an original issue discount of $40,000, or 10% (the "Investor Note"). There is
- $1,000,000 — ctions, gross proceeds of not less than $1,000,000, during any time that the Investor Note
- $0 — es") at a per share conversion price of $0.25, subject to certain adjustments. The
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex4-1.htm (EX-4.1) — 139KB
- ex10-1.htm (EX-10.1) — 262KB
- ex10-2.htm (EX-10.2) — 121KB
- 0001493152-24-014977.txt ( ) — 847KB
- tpet-20240416.xsd (EX-101.SCH) — 3KB
- tpet-20240416_lab.xml (EX-101.LAB) — 33KB
- tpet-20240416_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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 hereunto duly authorized. Trio Petroleum Corp. Date: April 17, 2024 By: /s/ Michael L. Peterson Name: Michael L. Peterson Title: Chief Executive Officer