secwatch.observer — SEC 8-K summary
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Issuer:     Trio Petroleum Corp (TPET)
CIK:        0001898766
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001493152-23-013089
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898766/000149315223013089/0001493152-23-013089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898766/000149315223013089/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013089

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