---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-011924"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T22:47:47.121684+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trio closes acquisition of Novacor heavy oil assets; $650K cash plus 526,536 shares

## Summary
- Completed second closing of TWP47 assets; total cash consideration US$650,000 plus 526,536 restricted shares.
- Acquired seven producing wells in Lloydminster, Saskatchewan heavy oil region; Novacor remains operator.
- Lift cost reported at CDN $10.00 per barrel; workover program planned to boost production.
- Bylaws amended to reduce stockholder meeting quorum from majority to 1/3 of voting power.

## SEC filing metadata
- accession: 0001641172-25-011924
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000164117225011924/0001641172-25-011924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000164117225011924/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-011924
- JSON: https://secwatch.observer/filing/0001641172-25-011924.json
- Plain text: https://secwatch.observer/filing/0001641172-25-011924.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000164117225011924/0001641172-25-011924-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000164117225011924/0001641172-25-011924-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.