Company: TPET
Filing Date: 2025-09-04
Form Type: S-3
Source: 0001493152-25-012641
Chunk: 23

Company: Trio Petroleum Corp.
Filing Date: 2025-09-04
Form: S-3
Chunk 23
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 Capital Global Opportunities Master Fund Ltd. (“L1 Capital”). To the extent Mr. Feldman and Mr. Arber are deemed to beneficially own such shares, Mr. Feldman and Mr. Arber disclaim beneficial ownership of these securities except to the extent of any pecuniary interest therein. The principal business address of the L1 Capital is 161A Shedden Road, 1 Artillery Court, PO Box 10085, Grand Cayman KY1-1001, Cayman Islands.

(7) Includes warrants exercisable for up to 65,613 shares of common stock owned by L1 Capital.

Relationship with the Selling Stockholders

Except for the ownership of the Securities, and as disclosed herein, and otherwise provided below, none of the Selling Stockholders have had any material relationship with us within the past three years.

Jutland Investments LLC (“Jutland”), an affiliate of Alto Opportunity Master Fund SPC – Segregated Master Fund B, in April 2024, provided senior secured convertible debt financing to TPET in the amount of $360,000, in connection with which TPET also issued to Jutland 750,000 shares of common stock. In June 2024, Jutland provided additional convertible debt financing to TPET in the amount of $360,000, in connection with which TPET issued Jutland a common stock purchase warrant to purchase up to 744,602 shares of common stock. In April 2025, Jutland provided additional convertible debt financing to TPET in the amount of $606,000. Jutland also has the right to participate in future financings of TPET, together with the other investors in the April 2024 and June 2024 financings, up to an aggregate of 100% of any debt financing and up to 45% of any other type of financing. This right of participation continues until December 27, 2025.

L1 Capital Global Opportunities Master Fund (“L1”) in October 2023, agreed to provide convertible debt financing in an aggregate principal amount of up to $3.5 million to TPET. TPET issued warrants to L1 in connection with such financing. In April 2024, L1 provided senior secured convertible debt financing to TPET in the amount of $360,000, in connection with which TPET also issued to L1 750,000 shares of common stock. In June 2024, L1 provided additional convertible debt financing to TP