Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 60

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 60
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 or occur and actual results could differ materially from those projected in the forward-looking statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein until after we distribute this prospectus, whether as a result of any new information, future events or otherwise.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this prospectus, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and you are cautioned not to unduly rely upon these statements.

| 36 |

<div align='center'>USE OF PROCEEDS</div>

We estimate that the net proceeds from this offering will be approximately $6.9 million (assuming the sale of all Shares offered hereby at the assumed public offering price of $1.58 per share, which was the reported closing sale price of our common stock on NYSE American on January 24, 2025, and assuming no issuance or exercise of Pre-Funded Warrants), after deducting expenses relating to this offering payable by us estimated at approximately $1.1 million, including placement agent fees and expenses, for certain financial advisor services provided in connection with this offering.

|                               |     | 100%       
 of  Shares 
 Sold       |           |    |     | %        
 of Total |       |   |     | 50%        
 of  Shares 
 Sold       |           |    |     | %        
 of Total |       |   |     | 25%        
 of  Shares 
 Sold       |           |     | %        
 of Total |       |   |
|:------------------------------|:----|:-----------|----------:|---:|:----|:---------|------:|:--|:----|:-----------|----------:|---:|:----|:---------|------:|:--|:----|:-----------|----------:|:----|:---------|------:|:--|
| Gross                         
 Proceeds from Offering        |     | $          | 8,000,000 |    |     |          |       |   |     | $          | 4,000,000 |    |     |          |       |