debt
confidence high
sentiment positive
materiality 0.65
Trio Petroleum repays $1.6M in convertible notes, terminates security interest
Trio Petroleum Corp
- Fully repaid $1.6M aggregate principal of senior secured convertible promissory notes.
- Notes were issued to two institutional investors in April and June 2024.
- Security interest on all of Trio’s assets has been terminated.
- Warrants issued to investors remain outstanding.