Company: TPET
Filing Date: 2025-05-14
Form Type: S-3/A
Source: 0001641172-25-010351
Chunk: 27

Company: Trio Petroleum Corp.
Filing Date: 2025-05-14
Form: S-3/A
Chunk 27
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 beneficially owned by such Selling Shareholder as of the date of the prospectus and that are issuable upon conversion of the Convertible Notes that are being registered hereunder, without giving effect to any beneficial ownership limitations that may exist with respect to any of such securities. This does not include any securities held by such Selling Stockholders that are convertible, exercisable or exchangeable for shares of common stock, that cannot be converted, exercised or exchanged, within 60 days after May 13, 2025.

(2) Assumes the sale of all shares offered pursuant to this prospectus.

(3) Douglas Forrest, in his capacity as President of Novacor Exploration Ltd.., may also be deemed to have investment discretion and voting power over the shares held by Novacor Exploration Ltd. Mr. Forrest disclaims any beneficial ownership of these shares.

(4) Brian Davies, in his capacity as President of Capital Land Services Ltd., may also be deemed to have investment discretion and voting power over the shares held by Capital Land Services Ltd. Mr. Davies disclaims any beneficial ownership of these shares.

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(5)Represents 1,485,294 shares of common stock being registered in this offering and an additional 38,496 shares of common stock held either directly or underlying warrants. Ayrton Capital LLC, the investment manager to Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, which wholly owns Jutland Investments LLC, has discretionary authority to vote and dispose of the shares held by Jutland Investments LLC and may be deemed to be the beneficial owner of these shares. Waqas Khatri, in his capacity as Managing Member of Ayrton Capital LLC, may also be deemed to have investment discretion and voting power over the shares held by Jutland Investments LLC. Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B and Mr. Khatri each disclaim any beneficial ownership of these shares. The address of Jutland Investments is c/o Ayrton Capital LLC is 55 Post Rd West, 2nd Floor, Westport, CT 06880.

(6) Michael Bayes, in his capacity as the founder of Redwood Empire Financial Communications., may also be deemed to have investment discretion and voting power over the shares held by Redwood Empire Financial Communications. Mr. Bayes disclaims any beneficial ownership of these shares.

Relationship with the Selling Stockholders

Except for the ownership of the Securities, and as disclosed herein, and otherwise provided below