Trio Petroleum (NYSE: TPET) adjusts ATM, $945,000 capacity
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Trio Petroleum Corp is updating its at-the-market common stock offering under its existing Form S-3 shelf. Following Amendment No. 6 to its prospectus supplement, the maximum aggregate offering amount is $20,973,000, and $945,000 of common stock remains available for sale through the sales agent.
The company previously sold shares of common stock with an aggregate sales price of $20,027,510, representing 20,651,554 shares, under the same at-the-market program. All other terms of the offering and the At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc. remain as previously described.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
ATM max offering: $20,973,000
Remaining ATM capacity: $945,000
Shares sold to date: 20,651,554 shares
+3 more
6 metrics
ATM max offering
$20,973,000
Maximum aggregate offering amount after Amendment No. 6
Remaining ATM capacity
$945,000
Aggregate amount of Placement Shares available for sale after Amendment No. 6
Shares sold to date
20,651,554 shares
Common stock previously sold under the ATM, aggregate sales price $20,027,510
Sales proceeds to date
$20,027,510
Aggregate sales price of 20,651,554 shares sold under the ATM
Initial ATM prospectus size
$3,600,000
Aggregate offering price covered by the January 9, 2026 prospectus supplement
Max offering after Amendment No. 3
$17,377,000
Maximum aggregate offering amount including $13,376,774 of prior sales
Key Terms
At Market Issuance Sales Agreement, prospectus supplement, General Instruction I.B.6 of Form S-3, Registration Statement on Form S-3, +1 more
5 terms
At Market Issuance Sales Agreement financial
"entered into an At Market Issuance Sales Agreement (the “ATM Agreement”) with Ladenburg Thalmann & Co. Inc."
prospectus supplement regulatory
"filed a prospectus supplement with the Commission covering the sale of shares of Common Stock"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
General Instruction I.B.6 of Form S-3 regulatory
"to update the amount of shares eligible for sale under General Instruction I.B.6 of Form S-3"
Registration Statement on Form S-3 regulatory
"under its existing Registration Statement on Form S-3 (File No 333-281813), which became effective"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did Trio Petroleum Corp (TPET) announce in this 8-K filing?
Trio Petroleum updated its at-the-market common stock offering under an existing Form S-3 shelf. After Amendment No. 6, the maximum aggregate offering amount is $20,973,000, with a portion already sold and a smaller amount still available for future sales.
How much capacity remains under Trio Petroleum’s ATM program after Amendment No. 6?
After Amendment No. 6, Trio Petroleum has $945,000 of common stock available for sale under its at-the-market program. This remaining capacity reflects adjustments made to stay within General Instruction I.B.6 limits of Form S-3 while continuing to access equity capital.
What is the total maximum aggregate offering amount for TPET’s ATM offering?
The total maximum aggregate offering amount for Trio Petroleum’s at-the-market offering is $20,973,000. This figure includes both shares already sold and the remaining capacity, all under the company’s existing Form S-3 shelf registration statement and related prospectus supplement.
Who is the sales agent for Trio Petroleum’s at-the-market offering?
Ladenburg Thalmann & Co. Inc. acts as sales agent for Trio Petroleum’s at-the-market offering. The parties are operating under an At Market Issuance Sales Agreement originally reported on January 9, 2026, with terms carried forward in this update to the prospectus supplement.
Which SEC registration statement underlies Trio Petroleum’s ATM program?
The at-the-market program relies on Trio Petroleum’s existing Registration Statement on Form S-3, File No. 333-281813. That shelf registration became effective on September 10, 2024, and supports the base prospectus and prospectus supplement used for these ongoing common stock sales.