{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-004949","form_type":"8-K","ticker":"TPET","cik":"0001898766","company_name":"Trio Petroleum Corp","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.269037+00:00","generated_at":"2026-06-06T09:24:50.797238+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Trio Petroleum reduces convertible note floor price to $0.15, issues 2.4M shares to offset cash obligation","bullets":["Floor Price on First Tranche Note lowered from $0.35 to $0.15; remaining principal balance $1M.","Issued 2,395,611 shares to Investor in lieu of paying $616,468 in cash for conversion obligations.","Monthly $250,000 installment payments may be accelerated, subject to mutual consent and 4.99% beneficial ownership limit.","Note matures April 4, 2025, carries no interest; first tranche originally funded $1.86M in October 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-004949","json":"https://secwatch.observer/filing/0001493152-24-004949.json","markdown":"https://secwatch.observer/filing/0001493152-24-004949.md","text":"https://secwatch.observer/filing/0001493152-24-004949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898766/000149315224004949/0001493152-24-004949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898766/000149315224004949/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:24:50.797238+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":"eb6a23606e582ab9a0ef2eee731394645776b2b8","claim":"Trio Petroleum Corp amended First Tranche Amendment with an institutional investor (effective 2024-02-05).","evidence_excerpt":"On February 5, 2024, in order to expedite the payment of the First Tranche Note, the Company and the Investor entered into a letter agreement amending the First Tranche Note (the “First Tranche Amendment”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898766/000149315224004949/0001493152-24-004949-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Effective","value":"2024-02-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}