Trio Petroleum Corp filed a Form S-1 registration statement for an initial public offering on 2024-07-15. It has amended it 4 times. It asked for the registration statement to be withdrawn on 2026-05-11. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our common stock is listed on the NYSE American, under the symbol “TPET.” On February 24, 2025, the last reported sale price of our common stock was $1.36 per share.From the S-1/A filed 2025-02-28
Shares offered
We are offering on a reasonable best-efforts basis up to 5,882,353 shares of our common stock, par value $0.0001 per share (the “Shares”) at an assumed public offering price of $1.36 per share, which was the reported closing price of our common stock on the NYSE American, on February 24, 2025.From the S-1/A filed 2025-02-28
Underwriters
The public offering price for the Shares in this offering will be determined through a negotiation between us and Spartan Capital Securities, LLC, which is acting as the sole book-running manager in this offering and the representative of the underwriters (the “Representative”), based upon a number of factors, including our history and our prospects, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general condition of the securities markets at the time of this offering, and may be at a discount to the then current market price.From the S-1/A filed 2024-11-29
Use of proceeds
If we raise the full offering amount of $8,000,000, we intend to use the net proceeds from this offering (i) to repay approximately $141,000 of outstanding indebtedness, approximately $56,000 of which is payable to related parties;From the S-1/A filed 2025-02-28
Revenue
For the year ended October 31, 2024, we generated revenues of $213,204, reported a net loss of $9,626,797 and cash flows used in operating activities of $3,840,744.From the S-1/A filed 2025-02-28
Net loss or income
For the fiscal year ended October 31, 2024, we generated $213,204 of revenues, reported a net loss of $9,626,797 and net cash used in operating activities of $3,840,744.From the S-1/A filed 2025-02-28
Withdrawal
Pursuant to Rule 477 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Trio Petroleum Corp (the “Company”) hereby respectfully requests that the Securities and Exchange Commission (the “Commission”) consent to the withdrawal of the Company’s Registration Statement on Form S-1 (File No. 333-280816), together with the exhibits thereto, which was filed initially filed with the Commission on July 15, 2024 (the “Registration Statement”), as of the date hereof or at the earliest practicable date hereafter.From the RW filed 2026-05-11
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-15 | Registration statement filed | S-1 |
| 2024-08-08 | Registration statement amended | S-1/A |
| 2024-11-29 | Registration statement amended | S-1/A |
| 2025-02-05 | Registration statement amended | S-1/A |
| 2025-02-28 | Registration statement amended | S-1/A |
| 2026-05-11 | Request to withdraw a registration (Form S-1) | RW |
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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.