Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Trio Petroleum Corp: Reduced quorum requirement for stockholder meetings from a majority to 1/3 of voting power (effective 2025-05-20).
- Change
- bylaw amendment
- Effective
- 2025-05-20
Exact text from the filing
On May, 20, 2025, the Company’s Board of Directors adopted an amendment to the Company’s Amended and Restated Bylaws reducing the number of shares of stock required to be present, in person or by proxy, to constitute a quorum for the holding of meetings of stockholders, from a majority of the voting power of the stock issued and outstanding and entitled to vote at such meeting to 1/3 of the voting power of the stock issued and outstanding and entitled to vote at such meeting.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Trio Petroleum Corp completed an acquisition involving Novacor Exploration Ltd. for US$650,000, in cash and 526,536 restricted shares of common stock (closed 2025-05-21).
- Action
- acquisition
- Counterparty
- Novacor Exploration Ltd.
- Consideration
- US$650,000, in cash and 526,536 restricted shares of common stock
- Closing
- 2025-05-21
Exact text from the filing
in petroleum and natural gas and mineral rights located in the Lloydminster, Saskatchewan heavy oil region in Canada (the “Transaction”) for a total purchase price of (i) US$650,000, in cash and (ii) the issuance to the Seller of 526,536 restricted shares of common stock, par value US$0.0001 per share, of the Company (the “Shares”). The first closing of the
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