Monitor for incremental share sales under this small remaining ATM capacity; while dilutive, the scale is minimal relative to current market cap of $18M. No proceeds were received by the company in the prior S-3 resale registration, but this ATM program generates capital directly for the company.
Price Chart
Executive Summary
Trio Petroleum Corp filed Amendment No. 9 to its ATM prospectus supplement, updating the amount of common stock it can issue under its shelf registration. After selling $22.925 million of a planned $22.926 million ATM program, the company may now offer up to an additional $1.282 million in shares. This is a routine update to an ongoing at-the-market offering.
Key Facts
- Company updated ATM prospectus to allow sale of up to $1,282,000 in additional common stock
- Prior to this amendment, $22,925,309 of a $22,926,000 ATM program had already been sold
- Public float is $72.6 million, and sales are limited to one-third of public float under SEC rules
- Stock was priced at $0.608 per share on April 8, 2026, the last sale price before filing
Financial Impact
$1.282 million in potential new equity issuance
Risk Factors
- Potential for shareholder dilution from new share issuances
- Low stock price ($0.608) may make equity issuance costly in terms of shares sold
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-016045 |
| Document: 0001493152-26-016045-index-headers.html | 0001493152-26-016045 |
| Document: 0001493152-26-016045-index.html | 0001493152-26-016045 |
| Document: 0001493152-26-016045.txt | 0001493152-26-016045 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | 8-K | $1.69 | awaiting T+60 | — | $1.58 (−6.51%) |
Sep 21, 2026 5w ago | 8-K | $1.77 | awaiting T+60 | — | $1.58 (−10.73%) |
May 11, 2026 24w ago | Press Release | $0.4340 $0.2561 | ▼ −40.99% | ▼ −45.38% | $1.58 (+264.06%) |
May 6, 2026 24w ago | 8-K | $0.4640 $0.2810 | ▼ −39.44% | ▼ −41.50% | $1.58 (+240.52%) |
May 6, 2026 24w ago | 424B5 | $0.4640 $0.2810 | ▲ +39.44% | ▲ +41.50% | $1.58 (−240.52%) |
Apr 22, 2026 26w ago | 8-K | $0.5250 $0.3177 | ▼ −39.49% | ▼ −44.50% | $1.58 (+200.95%) |
Apr 14, 2026 27w ago | EFFECT | $0.5100 $0.3110 | ▼ −39.02% | ▼ −47.54% | $1.58 (+209.80%) |
Apr 10, 2026 28w ago | 8-K | $0.4960 $0.3370 | ▲ +32.06% | ▲ +42.38% | $1.58 (−218.55%) |
Apr 10, 2026 28w ago | 424B5 | $0.4960 $0.3370 | ▼ −32.06% | ▼ −42.38% | $1.58 (+218.55%) |
Apr 8, 2026 28w ago | 8-K / 424B5 | $0.5380 $0.3090 | ▲ +42.57% | ▲ +53.35% | $1.58 (−193.68%) |
US Market Status
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