other_material
confidence high
sentiment negative
materiality 0.65
Trio Petroleum updates ATM program; $13.4M in stock already sold, $4M remaining
Trio Petroleum Corp
- On March 5, 2026, Trio filed Amendment No. 3 to its prospectus supplement, updating shares eligible for sale under the ATM agreement with Ladenburg Thalmann.
- Following Amendment No. 3, the aggregate amount of shares available for sale is $4,000,000, with a maximum aggregate offering amount of $17,377,000.
- As of the filing, Trio had sold 15,348,345 shares of common stock for aggregate proceeds of $13,376,774 under the ATM program.
- The ATM program was initially established on January 9, 2026, with a $3.6 million offering capacity.