{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-012110","form_type":"8-K","ticker":"TPET","cik":"0001898766","company_name":"Trio Petroleum Corp","filed_at":"2025-08-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.547410+00:00","generated_at":"2026-05-17T12:08:51.617192+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Trio Petroleum Corp closes $1.2M convertible note financing","bullets":["Issued three unsecured convertible notes with aggregate principal of $1.2M to institutional investors; net proceeds $928,600 after fees.","Notes mature February 15, 2026; conversion price lesser of $1.32 or 90% of 5-day VWAP, floor $0.72 (subject to reduction to $0.22).","Maximum shares issuable upon conversion capped at 1,679,127 (19.99% of outstanding).","Registration rights agreement requires filing within 20 trading days, effectiveness within 60 days; 1% monthly liquidated damages for delays.","Company cannot enter into variable rate transactions or certain equity-linked securities without majority consent until notes repaid/converted."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-012110","json":"https://secwatch.observer/filing/0001493152-25-012110.json","markdown":"https://secwatch.observer/filing/0001493152-25-012110.md","text":"https://secwatch.observer/filing/0001493152-25-012110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898766/000149315225012110/0001493152-25-012110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898766/000149315225012110/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T12:08:51.617192+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":"e6c62429eb5a833a2e41eac660eb45e659ca07f0","claim":"Trio Petroleum Corp incurred convertible notes of aggregate principal amount of $1,200,000 with three institutional investors maturing February 15, 2026.","evidence_excerpt":"On August 15, 2025, Trio Petroleum Corp (the “Company”) closed a private placement pursuant to which it issued a series of three (3) Unsecured Convertible Promissory Notes (the “Notes”) to three institutional investors (the “Investors”) in an aggregate principal amount of $1,200,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898766/000149315225012110/0001493152-25-012110-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $1,200,000"},{"label":"Counterparty","value":"three institutional investors"},{"label":"Maturity","value":"February 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}