{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-035638","form_type":"8-K","ticker":"TPET","cik":"0001898766","company_name":"Trio Petroleum Corp","filed_at":"2023-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.345272+00:00","generated_at":"2026-06-10T05:02:11.499469+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Trio Petroleum issues $2M convertible note as part of up to $3.5M financing","bullets":["Issued $2M senior secured convertible note (principal) with conversion price of $1.20 (floor $0.35) and warrants for 866,702 shares at $1.20.","First tranche funded $1.86M (net of 7% OID and fees); second tranche of $1.05M subject to stockholder approval and SEC registration.","Granted security interest in all assets, including California oil and gas interests via deed of trust.","Placement agent Spartan Capital received 7.5% cash fee and warrants for 83,333 shares at $1.32.","Stockholders representing 4.025M shares agreed to vote for approval of the issuance; company subject to 180-day lockup."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-035638","json":"https://secwatch.observer/filing/0001493152-23-035638.json","markdown":"https://secwatch.observer/filing/0001493152-23-035638.md","text":"https://secwatch.observer/filing/0001493152-23-035638.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898766/000149315223035638/0001493152-23-035638-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898766/000149315223035638/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T05:02:11.499469+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"750f33c6a67a1b8aae10374aa1fa7a7cb99dce37","claim":"Trio Petroleum Corp entered into Securities Purchase Agreement with an institutional investor valued at up to $3.5 million (effective 2023-10-04).","evidence_excerpt":"On October 4, 2023, Trio Petroleum Corp. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898766/000149315223035638/0001493152-23-035638-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Value","value":"up to $3.5 million"},{"label":"Effective","value":"2023-10-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}