Permex Petroleum Corp filed a Form S-1 registration statement for an initial public offering on 2025-01-29. It has amended it 5 times. As of its latest filing, on 2025-03-11, it has not priced the offering or withdrawn it. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have applied to list our Common Shares and Warrants on The Nasdaq Capital Market under the symbol “OILS” and “OILSW,” respectively.From the S-1/A filed 2025-02-25
Use of proceeds
We intend to use the net proceeds of this offering for budgeted capital expenditures, continuing operating expenses and working capital.From the S-1/A filed 2025-03-11
Revenue
(i) the market value of our Common Shares held by non-affiliates is less than $250 million; or (ii) our annual revenue was less than $100 million during the most recently completed fiscal year and the market value of our Common Shares held by non-affiliates is less than $700 million.From the S-1/A filed 2025-03-11
Net loss or income
Since inception, we have incurred losses and have an accumulated deficit of $18,018,373 as of December 31, 2024 and expect to continue to operate at a net loss for at least the next several years.From the S-1/A filed 2025-03-11
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-10-28 | Registration statement amended | S-1/A |
| 2025-01-22 | Registration statement amended | S-1/A |
| 2025-01-29 | Registration statement filed | S-1 |
| 2025-02-25 | Registration statement amended | S-1/A |
| 2025-02-25 | Registration statement amended | S-1/A |
| 2025-03-11 | Registration statement amended | S-1/A |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.