Trio Petroleum Expands At-the-Market Equity Offering Capacity

The latest announcement is out from Trio Petroleum Corp. ( (TPET) ).

On January 9, 2026, Trio Petroleum Corp. entered into an at-the-market equity sales agreement with Ladenburg Thalmann & Co. Inc. to issue and sell common stock from time to time, supported by a prospectus supplement for up to $3.6 million under an existing shelf registration that became effective in September 2024. On the same date, the company began utilizing this structure to raise capital through incremental stock sales.

On March 3, 2026, Trio filed an amendment to its prospectus supplement that, after updating limits under Form S-3’s instructional cap, left $3.292 million of stock available to sell out of a total $6.892 million program, reflecting $3.6 million already placed. On March 4, 2026, a second amendment increased the available capacity to $6.485 million within a $13.377 million maximum, signaling an expanded at-the-market fundraising effort that could further dilute existing shareholders while bolstering liquidity.

More about Trio Petroleum Corp.

Trio Petroleum Corp. is an energy company engaged in the exploration and production of oil and gas, issuing common stock to fund its operations and development activities. The company accesses public capital markets through registered offerings of its common shares, targeting investors seeking exposure to the upstream petroleum sector.

Average Trading Volume: 8,530,863

Technical Sentiment Signal: Buy

Current Market Cap: $13.78M

For an in-depth examination of TPET stock, go to TipRanks’ Overview page.