Trio Petroleum stockholders approve issuance of >20% of shares upon note conversion and warrant exercise

Trio Petroleum Corp

Approval of issuance of common shares (>20% of outstanding) upon conversion of Convertible Notes and exercise of Warrants under Oct 4, 2023 Securities Purchase Agreement with institutional investor.
Vote tally: 16,057,374 For, 85,119 Against, 15,068 Abstain; quorum of 54.78% of 29,496,492 shares outstanding.
Special meeting held Dec 11, 2023; adjournment proposal not acted upon due to sufficient votes.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Trio Petroleum Corp shareholders approved Issuance of Shares Proposal – approve issuance of shares upon conversion of certain notes and exercise of warrants pursuant to securities purchase agreement at the 2023-12-11 meeting.

Outcome: passed
Meeting: 2023-12-11

Exact text from the filing

The following is a tabulation of the votes with respect to the Issuance of Shares Proposal, which was approved by the Company’s stockholders: For Against Abstain 16,057,374 85,119 15,068

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352 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Trio Petroleum Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-044575

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