---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013089"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:48:09.350354+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum prices IPO of 2M shares at $3.00, raising $6M gross

## Summary
- Priced IPO of 2,000,000 shares at $3.00/share; gross proceeds $6M, net proceeds ~$4.94M.
- Underwriters granted 45-day option to purchase up to 300,000 additional shares for over-allotments.
- Common stock began trading on NYSE American under symbol 'TPET' on April 18, 2023.
- Proceeds to fund drilling of wells, repay debt, and for working capital and general corporate purposes.
- Issued Representative's Warrant to purchase 100,000 shares at $3.30 (110% of offering price), expiring 2028.

## SEC filing metadata
- accession: 0001493152-23-013089
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013089/0001493152-23-013089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013089/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013089
- JSON: https://secwatch.observer/filing/0001493152-23-013089.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013089.txt

## Key facts
- Material Agreements
  Trio Petroleum Corp entered into Underwriting Agreement with Spartan Capital Securities, LLC, as representative of the underwriters valued at total gross proceeds of $6,000,000 (effective 2023-04-17).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Spartan Capital Securities, LLC, as representative of the underwriters
  - Value: total gross proceeds of $6,000,000
  - Effective: 2023-04-17
  source text: On April 17, 2023, Trio Petroleum Corp. (the “ Company ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with Spartan Capital Securities, LLC, as representative of the underwriters named on Schedule 1 thereto (the “Representative ”) relating to the Company’s firm commitment underwritten initial public offering (the “ Offering ”) of common stock, par value $0.0001 per share (the “ Common Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013089/0001493152-23-013089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.