Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 302

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 302
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    regulatory
    developments in the United States and/or in any foreign countries where we may have operations in the future;
  
    ●
    the
    recruitment or departure of key personnel;
  
    ●
    
    quarterly
    or annual variations in our financial results or those of companies that are perceived to be similar to us;
  
    ●
    market
    conditions in the industries in which we compete and issuance of new or changed securities;
  
    ●
    analysts’
    reports or recommendations;
  
    ●
    the
    failure of securities analysts to cover our common stock or changes in financial estimates by analysts;
  
    ●
    the
    inability to meet the financial estimates of analysts who follow our common stock;
  
    ●
    the
    issuance of any additional securities of ours;
  
    ●
    investor
    perception of our company and of the industry in which we compete; and
  
    ●
    general
    economic, political and market conditions.

Broad
market and industry factors may significantly affect the market price of our securities, regardless of our actual operating performance.
These fluctuations may be even more pronounced in the trading market for our common stock shortly following this offering. If the market
price of shares of our common stock after this offering does not ever exceed the offering price, you may not realize any return on your
investment in us and may lose some or all of your investment.

In
addition, in the past, following periods of volatility in the overall market and in the market price of a particular company’s
securities, securities class action litigation has often been instituted against these companies. This litigation, if instituted against
us, could result in substantial costs and a diversion of our management’s attention and resources.

Certain
of our executive officers and directors have significant duties with, and spend significant time serving, entities that may compete with
us in seeking acquisitions and business opportunities and, accordingly, may have conflicts of interest in allocating time or pursuing
business opportunities.

Certain
of our executive officers and directors, who are responsible for managing the direction of our operations, hold positions of
responsibility with other entities (including affiliated entities) that are in the oil and natural gas industry. Two of these
executive officers, Terence B. Eschner and Steven Rowlee, each of whom has a controlling interest in Trio LLC, no longer serve as
executive officers of the Company, as of January 2, 2025. Stanford Eschner, who