5 Sept 2024securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2024securities registration● Neutral
Trio Petroleum Corp filed the final prospectus for a registered offering.
28 Aug 2024securities registration● Neutral
Trio Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
16 Aug 2024securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 Aug 2024agm notice● Neutral
Trio Petroleum Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
8 Aug 2024capital raising announcement▼ Bad
Raised a similar small note ($225,000 gross, $255,225 face, same 12%/$0.18-floor terms) and, in the same filing, extended the Heavy Sweet Asphalt Ridge option two more months, to October 10, 2024.
8 Aug 2024securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
5 Aug 2024capital raising announcement▼ Bad
Another small note: $134,000 gross, $110,625 net, on $152,000 of face after an $18,000 original issue discount, 12% interest, repayable in five instalments between January and May 2025. It converts only on an event of default, and then at the greater of 75% of market price or an $0.18 floor, with the balance accelerating to 150% at 22% default interest.
24 July 2024securities registration● Neutral
Trio Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
19 July 2024director interest notice● Neutral
Trio Petroleum Corp director John W. Randall sold 30,000 shares at $0.30.
15 July 2024securities registration● Neutral
Trio Petroleum Corp registered a securities offering with the SEC.
8 July 2024director interest notice● Neutral
Trio Petroleum Corp insider Frank C Ingriselli sold 400,000 shares.
3 July 2024agm notice● Neutral
Trio Petroleum Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
3 July 2024director interest notice● Neutral
Trio Petroleum Corp director Robin A. Ross received 450,000 shares as part of the equity award.
3 July 2024director interest notice● Neutral
Robin A. Ross became a Trio Petroleum Corp director and company insider (initial ownership filing).
3 July 2024director interest notice● Neutral
Robin A. Ross became a Trio Petroleum Corp company insider (initial ownership filing).
2 July 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 10,000 shares at $0.31.
1 July 2024agm notice● Neutral
Trio Petroleum Corp shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
1 July 2024director interest notice● Neutral
Trio Petroleum Corp insider Frank C Ingriselli sold 280,000 shares at $0.27.
28 June 2024capital raising announcement▼ BadMajor
Raised $720,000 from two more institutional investors via matching $400,000, 10%-OID convertible notes and warrants at $0.39525/share -- and gave both investors the right to participate in up to 100% of any future debt financing.
21 June 2024agm notice● Neutral
Trio Petroleum Corp shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 June 2024quarterly activities report▼ Bad
Trio Petroleum Corp reported quarterly revenue of $73 thousand and a net loss of $4.0 million for the period ended 2024-04-30.
5 June 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 10,000 shares at $0.23.
14 May 2024auditor change● Neutral
Appointed Bush & Associates CPA LLC as its new auditor, effective May 8, 2024.
7 May 2024auditor change▼ BadMajor
Dismissed BF Borgers CPA PC as auditor -- timing that coincides with the SEC's May 2024 enforcement action barring BF Borgers from public-company audit work industry-wide, though this filing itself cites only routine reasons (no disagreements; going-concern doubt already flagged in its prior reports).
3 May 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 10,000 shares at $0.33.
25 Apr 2024capital raising announcement▼ Bad
Brought in a second investor alongside the one from nine days earlier, on matching $400,000/10%-OID note terms with cross-default and cross-prepayment provisions between the two notes.
17 Apr 2024capital raising announcement▼ BadMajor
Raised another $360,000 gross ($310,000 net) via a new $400,000 senior secured convertible note (10% OID, $0.25 conversion price, 750,000 commitment shares), maturing August 2024.
8 Apr 2024securities registration● Neutral
Trio Petroleum Corp confidentially submitted a draft registration statement to the SEC.
8 Apr 2024material agreement▼ BadMajor
Paid off both tranches of the October 2023 financing in full by issuing 8,926,664 shares at the $0.15 floor price plus a 3% premium -- closing out that note, at a heavy dilution cost.