---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024166"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T10:17:25.618685+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum raises ~$2M via warrant exercise with 5 holders; price lowered to $0.80

## Summary
- Five of six warrant holders agreed to exercise for 2,449,466 shares; exercise price reduced from $1.03 to $0.80.
- Gross proceeds expected to be approximately $1,959,572 from the warrant exercise agreements.
- Shares issued represent a 25% increase over the number of shares originally exercisable under the warrants.
- Spartan Capital Securities acted as financial advisor to the company.
- One remaining warrant holder did not participate; its warrant terms remain unchanged.

## SEC filing metadata
- accession: 0001493152-23-024166
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000149315223024166/0001493152-23-024166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000149315223024166/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024166
- JSON: https://secwatch.observer/filing/0001493152-23-024166.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024166.txt

## Key facts
- Material Agreements
  Trio Petroleum Corp entered into Warrant Exercise Agreements with five of the six holders of the Warrants valued at approximately $1,959,572 (effective 2023-07-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: five of the six holders of the Warrants
  - Value: approximately $1,959,572
  - Effective: 2023-07-10
  source text: On July 10, 2023, the Company entered into warrant exercise agreements (the “Warrant Exercise Agreements”) with five of the six holders of the Warrants, pursuant to which such holders agreed to exercise the Warrants, effective on the date hereof, to purchase 2,449,466 shares of common stock (which represented an increase of 25% over the number of shares of common stock exercisable pursuant to such Warrants on such date, as agreed to by the Company and the holders of the Warrants), and the Company agreed to reduce the exercise price of the Warrants from $1.03 to $0.80 per share with respect to the exercise of the Warrants pursuant to such Warrant Exercise Agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000149315223024166/0001493152-23-024166-index.htm

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