Trio Petroleum Corp. Files 8-K: Material Agreement & Equity Sales
Ticker: TPET · Form: 8-K · Filed: Aug 5, 2024 · CIK: 1898766
| Field | Detail |
|---|---|
| Company | Trio Petroleum Corp. (TPET) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $134,000, $110,625, $152,000, $18,000, $85,120 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sales, financial-statements
TL;DR
Trio Petroleum Corp. filed an 8-K on Aug 1, 2024, detailing a material agreement and equity sales.
AI Summary
Trio Petroleum Corp. entered into a material definitive agreement on August 1, 2024. 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 Bakersfield, CA.
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 warrant careful consideration.
Key Players & Entities
- Trio Petroleum Corp. (company) — Registrant
- August 1, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Bakersfield, CA (location) — Principal Executive Offices
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 August 1, 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 5401 Business Park, Suite 115, Bakersfield, CA 93309.
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 Financial Statements and Exhibits.
Filing Stats: 1,185 words · 5 min read · ~4 pages · Grade level 12.7 · Accepted 2024-08-05 17:12:04
Key Financial Figures
- $134,000 — ch the Company raised gross proceeds of $134,000 and received net proceeds of $110,625,
- $110,625 — f $134,000 and received net proceeds of $110,625, after payment of offering expenses (th
- $152,000 — the Investor in the principal amount of $152,000, having an original issue discount of $
- $18,000 — 0, having an original issue discount of $18,000 or approximately 11.8% (the "Investor N
- $85,120 — accrued interest which are payable: (i) $85,120 on January 30, 2025; (ii) $21,280 on Fe
- $21,280 — : (i) $85,120 on January 30, 2025; (ii) $21,280 on February 28, 2025; (iii) $21,280 on
- $18,240 — of the Investor Note, in the amount of $18,240. The Investor Note contains provisions
- $0.18 — i) the conversion floor price, which is $0.18. Issuance of shares of common stock to
- $9,375 — ement agent, received a cash payment of $9,375, in connection with its services relati
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex4-1.htm (EX-4.1) — 82KB
- ex10-1.htm (EX-10.1) — 79KB
- 0001493152-24-030287.txt ( ) — 409KB
- tpet-20240801.xsd (EX-101.SCH) — 3KB
- tpet-20240801_lab.xml (EX-101.LAB) — 33KB
- tpet-20240801_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. Dated: August 5, 2024 TRIO PETROLEUM CORP. By: /s/ Robin Ross Name: Robin Ross Title: Chief Executive Officer 3