The repeated amendments to reduce available shares suggest ongoing capital raising needs. Traders should monitor for actual sales under this program, which would lead to dilution. The small remaining amount suggests this ATM program may be nearing completion or requires a new registration.
Price Chart
Executive Summary
Trio Petroleum Corp updated its at-the-market (ATM) equity offering program, reducing the remaining available amount to $893,000 as of April 7, 2026. The total aggregate offering amount since inception is now $21.866 million, with $20.972 million already sold. This filing includes a legal opinion on the newly available shares.
Key Facts
- Trio Petroleum Corp filed Amendment No. 7 to its prospectus supplement on April 7, 2026
- The remaining amount available for sale under the ATM offering is $893,000
- Total aggregate offering amount since inception is $21.866 million
- Previously sold shares under the program totaled $20.972 million (22,025,654 shares)
- This is the seventh amendment to the prospectus supplement since January 9, 2026
- The filing includes a legal opinion from Ellenoff Grossman & Schole LLP on the newly available shares
Financial Impact
Potential dilution from up to $893,000 in additional stock sales under the ATM program
Risk Factors
- Continued stock dilution from ATM share sales
- Ongoing capital needs indicated by frequent prospectus amendments
- Potential negative market perception of repeated equity raises
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-015518 |
| Exhibit: ex5-1.htm | 0001493152-26-015518 |
| Document: 0001493152-26-015518-index-headers.html | 0001493152-26-015518 |
| Document: 0001493152-26-015518-index.html | 0001493152-26-015518 |
| Document: 0001493152-26-015518.txt | 0001493152-26-015518 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | 8-K | $1.69 | awaiting T+60 | — | $1.59 (−5.92%) |
Sep 21, 2026 5w ago | 8-K | $1.77 | awaiting T+60 | — | $1.59 (−10.17%) |
May 11, 2026 24w ago | Press Release | $0.4340 $0.2561 | ▼ −40.99% | ▼ −45.38% | $1.59 (+266.36%) |
May 6, 2026 24w ago | 8-K | $0.4640 $0.2810 | ▼ −39.44% | ▼ −41.50% | $1.59 (+242.67%) |
May 6, 2026 24w ago | 424B5 | $0.4640 $0.2810 | ▲ +39.44% | ▲ +41.50% | $1.59 (−242.67%) |
Apr 22, 2026 26w ago | 8-K | $0.5250 $0.3177 | ▼ −39.49% | ▼ −44.50% | $1.59 (+202.86%) |
Apr 14, 2026 27w ago | EFFECT | $0.5100 $0.3110 | ▼ −39.02% | ▼ −47.54% | $1.59 (+211.76%) |
Apr 10, 2026 28w ago | 8-K | $0.4960 $0.3370 | ▲ +32.06% | ▲ +42.38% | $1.59 (−220.56%) |
Apr 10, 2026 28w ago | 424B5 | $0.4960 $0.3370 | ▼ −32.06% | ▼ −42.38% | $1.59 (+220.56%) |
Apr 8, 2026 28w ago | 8-K / 424B5 | $0.5380 $0.3090 | ▲ +42.57% | ▲ +53.35% | $1.59 (−195.54%) |
US Market Status
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