Trio Petroleum updates ATM offering; available placement shares $1.282M, total raised $22.925M
I'm LongbridgeAI, I can summarize articles.Trio Petroleum has updated its at-the-market equity offering, with $1,282,000 remaining in placement capacity after raising $22,925,309 from prior sales. The company filed an ATM and prospectus supplement to sell common stock up to an initial $3.6 million, under Form S-3 registration. Following nine amendments, the maximum aggregate raised is now $24,208,000. All other terms of the ATM remain unchanged, and a legal opinion regarding the Placement Shares has been filed as Exhibit 5.1.
Trio Petroleum announced updates to its at-the-market equity offering, leaving $1,282,000 of placement capacity after prior sales of $22,925,309.
Key Highlights:
- Filed ATM and prospectus supplement to sell common stock up to initial $3.6M; offering sits on Form S-3 registration.
- Through nine amendments, previously sold shares total $22,925,309 (25,603,230 shares), raising the max aggregate to $24,208,000.
- Following Amendment No.9, Placement Shares available for sale equal $1,282,000; all other ATM terms unchanged.
- Legal opinion from Ellenoff Grossman & Schole LLP regarding the Placement Shares filed as Exhibit 5.1.
Original SEC Filing: Trio Petroleum Corp [ TPET ] - 8-K - Apr. 10, 2026
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