Trio Petroleum issues amended convertible note for $606K; conversion floor at $0.48

Trio Petroleum Corp

Original note principal $321,176 (April 11) later amended to $712,941 (April 17); funding amount rose to $606,000.
Net proceeds after discounts, commission (5.5%) and legal fees were $247,985 from the first tranche.
Conversion price is 75% of lowest 10-day closing bid, with a floor of $0.48; max shares issuable ~1.485M.
Maturity October 10, 2025; prepayment allowed with 10% penalty after July 10, or no penalty before.
Event of default triggers 150% acceleration and 20% default interest if uncured after 10 days.

item 1.01 item 2.03 item 3.02 item 9.01

Machine-readable event card

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accession: 0001641172-25-005302
form_type: 8-K
ticker: TPET
cik: 0001898766
company_name: Trio Petroleum Corp
filed_at: 2025-04-17T23:59:59+00:00
discovered_at: 2026-05-14T18:02:50.414107+00:00
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accession 0001641172-25-005302

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