Trio Petroleum Corp — fact timeline

Trio Petroleum Corp shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-21 meeting.

“Proposal No. 4: Ratification of Appointment of Independent Registered Public Accounting Firm The fourth proposal was the ratification of the appointment of Bush & Associates CPA LLC. as the Company’s independent registered public accounting firm for the year ending October 31, 2026. The vote on the proposal was as follows: FOR AGAINST ABSTAIN 11,840,250 682,374 707,222 Proposal No. 4 was approved by a majority of the votes cast.”

Trio Petroleum Corp shareholders approved Approval of an Amendment to the Company’s 2022 Equity Incentive Plan (Increase in Shares Reserved) at the 2026-05-21 meeting.

“Proposal No. 3: Approval of an Amendment to the Company’s 2022 Equity Incentive Plan (Increase in Shares Reserved) The third proposal was the approval of an amendment to our 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2022 Plan from 2,952,383 shares of common stock to 6,452,383 shares of common stock by adding 3,500,000 shares. The vote on the proposal was as follows: FOR AGAINST ABSTAIN BROKER NON-VOTE 3,588,103 1,149,760 485,533 8,006,450 Proposal No. 3 was approved by a majority of the votes cast.”

Trio Petroleum Corp shareholders approved Approval of the Amendment to the Amended and Restated Certificate of Incorporation (Reverse Stock Split) at the 2026-05-21 meeting.

“Proposal No. 2: Approval of the Amendment to the Amended and Restated Certificate of Incorporation (Reverse Stock Split) The second proposal was the approval of an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding shares of common stock, if deemed necessary by our Board of Directors, by a ratio of not less than one-for-two (1:2) and not more than one-for-ten (1:10), with the exact ratio to be set at a whole number within this range as determined by the Board of Directors in its sole discretion. The vote on the proposal was as follows: FOR AGAINST ABSTAIN 10,308,391 2,356,772 564,683 Proposal No. 2 was approved by a majority of the votes cast.”

Trio Petroleum Corp shareholders approved Election of one Class III director at the 2026-05-21 meeting.

“Proposal No. 1: Election of One Class III Director The first proposal was the election of one (1) Class III director to serve for a three-year term that expires at the 2029 annual meeting of stockholders, or until the election and qualification of his respective successor in office, subject to his earlier death, resignation, or removal. The vote on the proposal was as follows: Name of Nominee FOR WITHHELD BROKER NON-VOTE Robin Ross 4 ,171,474 1,051,922 8,006,450 The nominee was elected.”

Trio Petroleum Corp issued 446,149 restricted shares of common stock to McDermott Will & Schulte LLP for settlement of $392,700.23 in fees.

“and conditions set forth in the Settlement Agreement, the Company agreed to resolve, settle, and compromise among other things the Company’s obligation to pay an aggregate of $392,700.23 in fees for legal services previously performed by McDermott for the Company (the “Fees”). In consideration of the Fees, the Company agreed to issue to McDermott 446,149”

Trio Petroleum Corp entered into Settlement Agreement and Release with McDermott Will & Schulte LLP valued at $392,700.23 (effective 2026-03-24).

“On March 24, 2026, Trio Petroleum Corp, a Delaware corporation (the “Company”) entered into a Settlement Agreement and Release (the “Settlement Agreement”) with McDermott Will & Schulte LLP (“McDermott”)”

Trio Petroleum Corp entered into ATM Agreement with Ladenburg Thalmann & Co. Inc. valued at up to $3,600,000 (effective 2026-01-09).

“On January 9, 2026, Trio Petroleum Corp, a Delaware corporation (the “Company”), entered into an At Market Issuance Sales Agreement (the “ATM Agreement”) with Ladenburg Thalmann & Co. Inc. as agent (the “Sales Agent”) pursuant to which the Company may issue and sell shares of its common stock, $0.0001 par value per share (“Common Stock”), from time to time through the Sales Agent (the “Offering”).”

Trio Petroleum Corp issued 912,875 restricted shares of common stock to Novacor Exploration Ltd. for total purchase price of CD$1 Million (US$730,300).

“being assumed (collectively, the “Liabilities” and such acquisition of the Assets and assumption of the Liabilities together, the “Transaction”) for a total purchase price of CD$1 Million (US$730,300 based on the applicable exchange rate to U.S. Dollars). The Company issued to Seller 912,875 restricted shares (the “Shares”) of common stock, par value US$0.0001 per”

Trio Petroleum Corp entered into Registration Rights Agreement with Novacor Exploration Ltd. (effective 2025-12-30).

“On December 30, 2025, the Company and the Seller executed and entered into a Registration Rights Agreement with respect to the Shares (the “RRA”).”

Trio Petroleum Corp entered into Asset Purchase Agreement with Novacor Exploration Ltd. valued at CD$1 Million (US$730,300 based on the applicable exchange rate to U.S. Dollars) (effective 2025-12-30).

“As of December 30, 2025, Trio Petroleum Corp, a Delaware corporation (the “Company”) entered into an Asset Purchase Agreement (the “APA”) with Trio Petroleum Canada, Corp., an Alberta, Canada corporation and a wholly owned subsidiary of the Company (the “Buyer” or “Trio Canada”), and Novacor Exploration Ltd., a corporation incorporated under the Canada Business Corporations Act (the “Seller”)”

Trio Petroleum Corp completed an acquisition involving Novacor Exploration Ltd. for CD$1 Million (US$730,300 based on the applicable exchange rate to U.S. Dollars) (closed 2025-12-30).

“being assumed (collectively, the “Liabilities” and such acquisition of the Assets and assumption of the Liabilities together, the “Transaction”) for a total purchase price of CD$1 Million (US$730,300 based on the applicable exchange rate to U.S. Dollars). The Company issued to Seller 912,875 restricted shares (the “Shares”) of common stock, par value US$0.0001 per”

Trio Petroleum Corp issued 50,000 shares of the Company’s common stock of common stock to Redwood Empire Financial Communications LLC.

“In consideration for Consultant’s agreement to provide the services set forth in the IR Agreement, the Company has agreed to issue to the Consultant 50,000 shares of the Company’s common stock, $0.0001 per share (the “Common Stock”), which shares of Common Stock will be issued on or before January 1, 2026 and will be restricted shares of Common Stock with applicable legends restricting trading thereof.”

Trio Petroleum Corp issued 104,227 restricted shares of common stock to Seller for CD$150,000 in cash and shares valued at CD$150,000.

“n with the acquisition of the Assets, the Buyer paid the Seller CD$150,000, in cash, and the Company issued to the Seller 104,227 restricted shares of its common stock, par value US$0.0001 per share.”

Trio Petroleum Corp completed an acquisition involving Capital Land Services Ltd. for total purchase price of (i) CD$150,000 in cash and (ii) the issuance to the Seller of restricted shares ... having an aggregate value of CD$150,000 (closed 2025-11-03).

“481) (collectively, the “Assets”), free and clear of any liens other than certain Permitted Encumbrances (as such term is defined in the APA) for a total purchase price of (i) CD$150,000 in cash and (ii) the issuance to the Seller of restricted shares (the “Shares”) of common stock, par value US$0.0001 per share (the “Common Stock”), of the Company, having an”

Trio Petroleum Corp incurred convertible notes of aggregate principal amount of $1,200,000 with three institutional investors maturing February 15, 2026.

“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”

Trio Petroleum Corp: Reduced quorum requirement for stockholder meetings from a majority to 1/3 of voting power (effective 2025-05-20).

“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.”

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).

“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”

Trio Petroleum Corp completed an acquisition involving Novacor Exploration Ltd. (closed 2025-04-08).

“The first closing of the Transaction was consummated on April 8, 2025”

Steven Rowlee was terminated as Chief Operating Officer at Trio Petroleum Corp.

“Termination of Terrence B. Eschner as President and Steven Rowlee as Chief Operating Officer”

Terrence B. Eschner was terminated as President at Trio Petroleum Corp.

“Termination of Terrence B. Eschner as President and Steven Rowlee as Chief Operating Officer”

Trio Petroleum Corp: Amended Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2024-11-14).

“On October 23 , 2024, the Board approved a one-for-twenty (1:20) reverse stock split of the Company’s issued and outstanding shares of common stock (the “Reverse Stock Split” ). The Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment” ) on November 14, 2024 to effect the Reverse Stock Split.”

James Blake was appointed as Class II Director at Trio Petroleum Corp.

“Effective as of October 21, 2024, the Board of Directors (the “Board”) of Trio Petroleum Corp. (the “Company”) appointed James Blake, as a member of the Board to serve as a Class II Director filling the vacancy created by the previous resignation of Michael L. Peterson.”

Robin Ross was appointed as Chief Executive Officer at Trio Petroleum Corp.

“On July 11, 2024, the Company and Robin Ross entered into an employment agreement (the “Ross Employment Agreement”), effective as of July 11, 2024 (the “Ross Employment Agreement Effective Date”), pursuant to which Mr. Ross will serve as Chief Executive Officer of the Company, replacing Mr. Peterson, and will also continue to serve as the Chairman of the Board.”

Michael L. Peterson resigned as Chief Executive Officer at Trio Petroleum Corp.

“On July 9, 2024, Michael L. Peterson delivered to the Board of Directors (“Board”) of Trio Petroleum Corp. (the “Company”) a notice of his resignation as the Company’s Chief Executive Officer and a member of the Board, effective on July 11, 2024 (the “Resignation Effective Date”).”

Robin Ross was appointed as Chairman at Trio Petroleum Corp.

“the Board appointed Robin Ross, a former director of the Company, as a Director and the Chairman of the Board to replace Mr. Eschner in that position.”

Stan Eschner was appointed as Vice Chairman at Trio Petroleum Corp.

“Stan Eschner stepped down from his position as Chairman of the Board and the Board appointed him as Vice Chairman of the Board to replace Mr. Ingriselli in that position.”

Frank C. Ingriselli resigned as Vice Chairman at Trio Petroleum Corp.

“Frank C. Ingriselli delivered to the Board of Directors ("Board") of Trio Petroleum Corp. (the "Company") a notice of his resignation as a director and as Vice Chairman of the Board, effective immediately.”

Trio Petroleum Corp engaged Bush & Associates CPA LLC as its auditor.

“.01 Changes in Registrant’s Certifying Accountant Appointment of Independent Registered Public Accounting Firm As reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 7, 2024, by Trio Petroleum Corp., a Delaware corporation (the “Company”), the Company dismissed BF Borgers CPA PC as the Company’s independent registered public accounting firm effective on May 6, 2024. Effective May 8, 2024, the Company retained Bush & Associates CPA LLC (“Bush & Associates”), as its independent registered”

Trio Petroleum Corp dismissed BF Borgers CPA PC as its auditor.

“the Company dismissed BF Borgers CPA PC as the Company’s independent registered public accounting firm effective on May 6, 2024.”

Trio Petroleum Corp dismissed BF Borgers CPA PC as its auditor.

“ismissal of Independent Registered Public Accounting Firm On May 6, 2024, the Audit Committee (the “ Audit Committee ”) of the Board of Directors of Trio Petroleum Corp. (the “ Company ” or “ Trio” ) approved the dismissal of BF Borgers CPA PC (“ BF Borgers ”) as the Company’s independent registered public accounting firm. The reports of BF Borgers on the Company’s consolidated financial statements for the fiscal years ended October 31, 2023, and October 31, 2022, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles other than an explanatory paragraph relating to the Company’s ability to continue as a going concern. During the fiscal years ended October 31, 2023, and October 31, 2022, and through the date of termination, May 6, 2024, there were no “disagreements” with BF Borgers on any mat”

Trio Petroleum Corp amended Amended and Restated Secured Convertible Note with Initial Investor (effective 2024-04-24).

“The Company also issued an Amended and Restated Secured Convertible Note to the Initial Investor (the “A&R Initial Investor Note”), pursuant to the terms of the A&R SPA, which did not amend any of the provisions of the Initial Investor Note other than to add certain language referencing the Additional Investor Note and the relationship between the two Notes.”

Trio Petroleum Corp entered into Senior Secured Convertible Promissory Note with Additional Investor valued at principal amount of $400,000, having an original issue discount of $40,000 (effective 2024-04-24).

“the Company issued a Senior Secured Convertible Promissory Note to the Additional Investor in the principal amount of $400,000, having an original issue discount of $40,000, or 10% (the “Additional Investor Note”).”

Trio Petroleum Corp amended Amended and Restated Securities Purchase Agreement with institutional investors valued at gross proceeds in the amount of $360,000 (effective 2024-04-24).

“On April 24, 2024, the Company entered into an Amended and Restated Securities Purchase Agreement (the “A&R SPA”), pursuant to which the Financing was amended and an additional institutional investor (the “Additional Investor” and collectively with the Initial Investor, the “Investors”) also provided financing to the Company, on the same terms as provided by the Initial Investor, for gross proceeds in the amount of $360,000 resulting in net proceeds to the Company, after offering expenses, of $328,000 (the “Amended Financing”).”

Trio Petroleum Corp entered into Security Agreement with an institutional investor (effective 2024-04-16).

“To secure the obligations of the Company to repay the Investor Note, the Company has granted to the Investor a senior security interest in and to all of the Company’s assets and properties, subject to certain exceptions, as set forth in that certain Security Agreement, dated April 16, 2024, between the Company and the Investor (the “Security Agreement”).”

Trio Petroleum Corp entered into Investor Note with an institutional investor valued at $400,000 (effective 2024-04-16).

“In connection with the Financing, the Company issued a Senior Secured Convertible Promissory Note to the Investor in the principal amount of $400,000, having an original issue discount of $40,000, or 10% (the “Investor Note”).”

Trio Petroleum Corp entered into SPA with an institutional investor valued at $360,000 (effective 2024-04-16).

“On April 16, 2024, Trio Petroleum Corp., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “SPA”) with an institutional investor (the “Investor”).”

Trio Petroleum Corp amended Amendment to Transaction Documents with institutional investor valued at Amendment to Second Tranche Note and SPA; permits acceleration of more than six monthly payments and (effective 2024-04-05).

“On April 5, 2024, the Company and the Investor executed and entered into an Amendment to Transaction Documents (the “Amendment”) amending the Second Tranche Note to permit the acceleration of more than six monthly payments pursuant to the Second Tranche Note, as initially provided in the Second Tranche Note, so that the entire outstanding balance of the Second Tranche Note could be repaid.”

Trio Petroleum Corp entered into Securities Purchase Agreement with institutional investor valued at $184,500 (effective 2024-03-27).

“Trio Petroleum Corp., a Delaware corporation (the “Company”) executed a Securities Purchase Agreement, dated March 27, 2024 (the “SPA”) with an institutional investor (the “Investor”), which the Investor signed and funded on April 5, 2024, and pursuant to which the Company raised gross proceeds of $184,500”

Trio Petroleum Corp received a nyse_american noncompliance notice notice regarding minimum bid price (rules 1003(f)(v)).

“February 26, 2024, Trio Petroleum Corp., a Delaware corporation (the “ Company ”) received written notice (the “ Notice ”) from the NYSE American LLC (“ NYSE American ”) indicating that the Company is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (“ Section 1003(f)(v) ”) because the shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”) have been selling for a substantial period of time at a low price per share. The Notice has no immediate effect on the listing or trading of the Company”

Trio Petroleum Corp amended First Tranche Amendment with an institutional investor (effective 2024-02-05).

“On February 5, 2024, in order to expedite the payment of the First Tranche Note, the Company and the Investor entered into a letter agreement amending the First Tranche Note (the “First Tranche Amendment”)”

Trio Petroleum Corp amended Amendment to Leasehold Acquisition and Development Agreement with Heavy Sweet Oil LLC valued at $200,000 (effective 2023-12-29).

“On December 29, 2023, the Company and Heavy Sweet entered into an Amendment to Leasehold Acquisition and Development Agreement (the “ Amendment ”), pursuant to which the Company and Heavy Sweet amended the Asphalt Ridge Option Agreement to provide that, within three (3) business days of the effective date of the Amendment, the Company would fund $200,000 of the $2,000,000 total Purchase Price in advance of Heavy Sweet satisfying the closing conditions set forth in the Asphalt Ridge Option Agreement, in exchange for the Company receiving an immediate 2% interest in the Asphalt Ridge Leases, which advanced funds would be used solely for the building of roads and related infrastructure in furtherance of the development plan.”

Trio Petroleum Corp entered into Asphalt Ridge Option Agreement with Heavy Sweet Oil LLC valued at $2,000,000 (effective 2023-11-10).

“On November 10, 2023, Trio Petroleum Corp (the “ Company ”) entered into a Leasehold Acquisition and Development Option Agreement (the “ Asphalt Ridge Option Agreement ”) with Heavy Sweet Oil LLC (“ Heavy Sweet ”).”

Trio Petroleum Corp entered into Placement Agent Agreement with Spartan Capital Securities LLC valued at Cash fee of 7.5% of gross proceeds from Second Tranche; issuance of Placement Agent Warrant to purch (effective 2024-01-02).

“The Placement Agent, pursuant to a placement agent agreement (the “Placement Agent Agreement”), served as the exclusive placement agent in connection with the closing of the private placement with the Investor.”

Trio Petroleum Corp shareholders approved Issuance of Shares Proposal – approve issuance of shares upon conversion of certain notes and exercise of warrants pursuant to securities purchase agreement at the 2023-12-11 meeting.

“The following is a tabulation of the votes with respect to the Issuance of Shares Proposal, which was approved by the Company’s stockholders: For Against Abstain 16,057,374 85,119 15,068”

Michael L. Peterson was appointed as Chief Executive Officer at Trio Petroleum Corp.

“On October 16, 2023, the Company and Michael L. Peterson entered into an employment agreement (the “Peterson Employment Agreement”), effective as of October 23, 2023 (the “Peterson Employment Agreement Effective Date”), pursuant to which Mr. Peterson will serve as Chief Executive Officer of the Company, replacing Mr. Ingriselli.”

Frank C. Ingriselli resigned as Chief Executive Officer at Trio Petroleum Corp.

“On October 6, 2023, Frank C. Ingriselli delivered to the Board of Directors (“Board”) of Trio Petroleum Corp. (the “Company”) a notice of his resignation as the Company’s Chief Executive Officer, effective on October 23, 2023 (the “Resignation Effective Date”).”

Trio Petroleum Corp entered into Agreement for Purchase and Sale of an Undivided Interest in the McCool Ranch Oil Field with Trio Petroleum LLC valued at $500,000.00 (effective 2023-10-16).

“On October 16, 2023, Trio Petroleum Corp (the “Company”, “Trio”, “we” and “us”), entered into an Agreement for Purchase and Sale of an Undivided Interest in the McCool Ranch Oil Field (the “Purchase Agreement”) with Trio Petroleum LLC (“Trio LLC” or the “Seller”), which agreement contains customary representations and warranties of the parties, and indemnification requirements.”

Trio Petroleum Corp entered into Securities Purchase Agreement with an institutional investor valued at up to $3.5 million (effective 2023-10-04).

“On October 4, 2023, Trio Petroleum Corp. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”)”

Trio Petroleum Corp entered into Warrant Exercise Agreements with five of the six holders of the Warrants valued at approximately $1,959,572 (effective 2023-07-10).

“On July 10, 2023, the Company entered into warrant exercise agreements (the “Warrant Exercise Agreements”) with five of the six holders of the Warrants, pursuant to which such holders agreed to exercise the Warrants, effective on the date hereof, to purchase 2,449,466 shares of common stock (which represented an increase of 25% over the number of shares of common stock exercisable pursuant to such Warrants on such date, as agreed to by the Company and the holders of the Warrants), and the Company agreed to reduce the exercise price of the Warrants from $1.03 to $0.80 per share with respect to the exercise of the Warrants pursuant to such Warrant Exercise Agreements.”

Robin Ross resigned as Director at Trio Petroleum Corp.

“On May 9, 2023, Robin Ross, a director of Trio Petroleum Corp. (the “Company”), announced his resignation from the Company’s Board of Directors (the “Board”), effective immediately.”