Trio Petroleum Corp. Files 8-K: Material Agreement & Equity Sales
Ticker: TPET · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1898766
| Field | Detail |
|---|---|
| Company | Trio Petroleum Corp. (TPET) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $360,000, $720,000, $400,000, $0.0001, $0.39525 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, financials
TL;DR
Trio Petroleum Corp. filed an 8-K on 6/28 for a material agreement and equity sales.
AI Summary
Trio Petroleum Corp. announced on June 28, 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 associated with the earliest event reported on June 27, 2024.
Why It Matters
This 8-K filing indicates 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 — Material definitive agreements and unregistered equity sales can introduce financial and operational risks that require careful investor scrutiny.
Key Players & Entities
- Trio Petroleum Corp. (company) — Registrant
- June 28, 2024 (date) — Date of Report
- June 27, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-41643 (company_id) — Commission File Number
- 87-1968201 (tax_id) — IRS Employer Identification No.
- 5401 Business Park, Suite 115 Bakersfield, CA 93309 (address) — Registrant's principal executive offices
- (661) 324-3911 (phone_number) — Registrant's principal executive offices phone number
FAQ
What type of material definitive agreement did Trio Petroleum Corp. enter into?
The filing states that Trio Petroleum Corp. entered into a 'Material Definitive Agreement' but does not specify the nature of the agreement 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 June 27, 2024.
What are the main items reported in this 8-K filing?
The main items reported are the entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, and Financial Statements and Exhibits.
Where are Trio Petroleum Corp.'s principal executive offices located?
Trio Petroleum Corp.'s principal executive offices are located at 5401 Business Park, Suite 115, Bakersfield, CA 93309.
What is Trio Petroleum Corp.'s Commission File Number?
Trio Petroleum Corp.'s Commission File Number is 001-41643.
Filing Stats: 2,389 words · 10 min read · ~8 pages · Grade level 16.4 · Accepted 2024-06-28 16:35:43
Key Financial Figures
- $360,000 — PA, each Investor provided financing of $360,000 to the Company (net of a 10% original i
- $720,000 — gregate gross proceeds in the amount of $720,000 (the " Financing "). In consideration
- $400,000 — te in the aggregate principal amount of $400,000 (the " Notes ") and (B) a warrant to pu
- $0.0001 — f the company's common stock, par value $0.0001 per share (the " Common Stock "), at an
- $0.39525 — ock "), at an initial exercise price of $0.39525 per share of Common Stock, subject to c
- $0.12 — ersion Price shall not be reduced below $0.12 (the " Floor Price "), and provided fur
- $1,000,000 — ctions, gross proceeds of not less than $1,000,000 (a " Qualified Financing "), the Invest
- $1,775,000 — s securities are to be used to fund the $1,775,000 payable by the Company for the previous
- $27,000 — licable Investor, in an amount equal to $27,000, and a non-accountable expense allowanc
- $1,800 — a non-accountable expense allowance of $1,800. The foregoing descriptions of the SP
Filing Documents
- form8-k.htm (8-K) — 60KB
- ex4-1.htm (EX-4.1) — 240KB
- ex4-2.htm (EX-4.2) — 125KB
- ex10-1.htm (EX-10.1) — 310KB
- ex10-2.htm (EX-10.2) — 77KB
- ex10-3.htm (EX-10.3) — 177KB
- ex10-4.htm (EX-10.4) — 58KB
- 0001493152-24-025629.txt ( ) — 1426KB
- tpet-20240628.xsd (EX-101.SCH) — 3KB
- tpet-20240628_lab.xml (EX-101.LAB) — 33KB
- tpet-20240628_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: June 28, 2024 By: /s/ Michael L. Peterson Name: Michael L. Peterson Title: Chief Executive Officer 5