Trio Petroleum Corp. Files Definitive Proxy Statement

TL;DR

Trio Petroleum Corp. DEF 14A filed. Get ready to vote!

AI Summary

Trio Petroleum Corp. filed its definitive proxy statement on July 1, 2024, for its annual meeting. The filing details information related to the company's operations in crude petroleum and natural gas, with its principal executive offices located in Bakersfield, California. The company is incorporated in Delaware and has a fiscal year end of October 31.

Why It Matters

This filing provides shareholders with essential information for voting on corporate matters, including director elections and other proposals, impacting the company's governance and future direction.

Risk Assessment

Risk Level: low — This is a routine filing of a proxy statement, not indicating any immediate financial or operational risks.

Key Numbers

• 1031 — Fiscal Year End (Indicates the end of the company's financial reporting period.)

Key Players & Entities

• Trio Petroleum Corp. (company) — Registrant
• 0001493152-24-025824 (filing_id) — Accession Number
• July 1, 2024 (date) — Filing Date
• Bakersfield, CA (location) — Business Address
• Delaware (state) — State of Incorporation

FAQ

Key Financial Figures

• $0.0001 — nding shares of common stock, par value $0.0001 per share (the “Common Stock&rdqu

Filing Documents

• formdef14a.htm (DEF 14A) — 612KB
• formdef14a_001.jpg (GRAPHIC) — 25KB
• proxy_001.jpg (GRAPHIC) — 357KB
• proxy_002.jpg (GRAPHIC) — 264KB
• 0001493152-24-025824.txt ( ) — 1504KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to § 240.14a-12 TRIO PETROLEUM CORP. (Name of Registrant as Specified in its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TRIO PETROLEUM CORP. 5401 Business Park South Suite 115 Bakersfield, CA 93309 Telephone: (661) 324-3911 July 1, 2024 Dear Fellow Stockholders: On behalf of the board of directors (“Board of Directors”) of Trio Petroleum Corp., I cordially invite you to attend the 2024 annual meeting of stockholders (the “Annual Meeting”) of Trio Petroleum Corp., which will be held virtually via the internet, commencing at 11:00 a.m. Eastern Time on August 15, 2024. In order to attend the meeting, you must log on to www.virtualshareholdermeeting.com/TPET2024/ and enter the 16-digit control number included in our Notice of Internet Availability of Proxy Materials, on your proxy card or in the instructions that accompanied your proxy materials. The Annual Meeting will be held for the following purposes: 1. To elect two (2) Class I directors each to serve for a three-year term that expires at the 2027 Annual Meeting of Stockholders, or until the election and qualification of their respective successors in office, subject to their earlier death, resignation or removal; 2. To approve an amendment to our Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to effect a reverse stock split (the “Reverse Stock Split”) of our outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), if deemed necessary by our Board of Directors, by a ratio of not less than one-for-five (1:5) and not more than one-for-twenty (1:20), with the exact ratio to be set at a whole number within this range as determined by our board of directors (“Board of Directors”) in its sole discretion; 3. To approve an amendment to Sections 5(a) and 5(b) of the Company’s 2022 Equity Incentive Plan (the “2022 Plan”) to (i) increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2022 Plan from 4,000,000 shares of common stock to 10,000,000 shares of common stock and (ii) increase the maximum number of shares of common stock that may be issued pursuant to the exercise of incentive stock options under the 2022 Plan from 4,000,000 shares of common stock to 10,000,000 shares of common stock; 4. To ratify the appointment of Bush & Associates CPA LLC as our independent registered public accounting firm for the year ending October 31, 2024; and 5. To transact such other business as may properly come before the Annual Meeting or any continuation, postponement or adjournment thereof. To all stockholders of record at the close of business on June 18, 2024, attached to this letter are a Notice of Annual Meeting of Stockholders and the Proxy Statement, which describe the business to be conducted at the Annual Meeting. Your vote is important to us. Please act as soon as possible to vote your shares. It is important that your shares be represented at the Annual Meeting, whether or not you plan to attend the Annual Meeting. Please vote by phone, electronically over the Internet or via mail by returning your signed proxy card in the envelope provided. On behalf of the Board of Directors and management, it is my pleasure to express our appreciation for your continued support. Sincerely, /s/ Michael L. Peterson Name: Michael L. Peterson Title: Chief Executive Officer TRIO PETROLEUM CORP. 5401 Business Park South Suite 115 Bakersfield, CA 93309 Telephone: (661) 324-3911 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS Virtual Meeting Only – No Physical Location TO BE HELD ON AUGUST 15, 2024 NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders (the “Annual Meeting”) of Trio Petroleum Corp., a Delaware corporation (“we”, “us”, “our” or similar terminology), will be held on August 15, 2024, at 11:00 a.m. Eastern Time. The Annual Meeting will be held as a virtual meeting, for the following purposes: 1. To elect two (2) Class I directors each to serve for a three-year term that expires at the 2027 Annual Meeting of Stockholders, or until the election and q

View Full Filing

View this DEF 14A filing on SEC EDGAR