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Trio Petroleum Corp. ( (TPET) ) has provided an update.
On January 9, 2026, Trio Petroleum Corp. entered into an at-the-market equity offering program with Ladenburg Thalmann & Co. Inc. as sales agent, enabling the company to sell shares of its common stock from time to time under an existing shelf registration statement that became effective in September 2024. On March 3, 2026, Trio amended its prospectus supplement to reflect that, after previously selling 7,344,372 shares for about $3.6 million, it may now sell an additional $3.292 million of common stock, bringing the total maximum aggregate offering amount under the program to approximately $6.89 million and further supporting its access to incremental equity capital.
More about Trio Petroleum Corp.
Trio Petroleum Corp. is an oil and gas company engaged in the exploration and development of hydrocarbon resources, with its primary business focused on issuing and managing equity capital to support its operations through public market financings.
Average Trading Volume: 8,530,863
Technical Sentiment Signal: Sell
Current Market Cap: $13.78M
See more insights into TPET stock on TipRanks’ Stock Analysis page.