Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 49

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
) at a value of US$754,000.

Warrants

A
summary of the warrant activity during the nine months ended July 31, 2025 is presented below:

 SCHEDULE OF WARRANT ACTIVITY

    Weighted  

    Weighted  
    Average  

    Average  
    Remaining  

    Number of Warrants  
    Exercise Price  
    Life  in Years  
    Intrinsic Value 

    Outstanding, November 1, 2024 
     191,994  
    $15.24  
     3.8  
    $47,160 
  
    Expired 
     (20,000) 
     30.00  
     -  
     - 
  
    Issued 
     103,658  
     9.18  
     4.8  
     - 
  
    Outstanding, July 31, 2025 
     171,994  
    $13.52  
     3.5  
    $19,000 

    Exercisable, July 31, 2025 
     171,994  
    $13.52  
     3.5  
    $19,000 

A
summary of the warrant activity during the nine months ended July 31, 2024 is presented below:

    Weighted  

    Weighted  
    Average  

    Average  
    Remaining  

    Number of Warrants  
    Exercise Price  
    Life in Years  
    Intrinsic Value 

    Outstanding, November 1, 2023 
     88,336  
    $22.35  
     7.3  
    $- 
  
    Issued 
     103,658  
     9.18  
     4.8  
     - 
  
    Outstanding, July 31, 2024 
     191,994  
    $15.24  
     4.0  
    $98,800 

    Exercisable, July 31, 2024 
     191,994  
    $15.24  
     4.0  
    $98,800 

    22

A
summary of outstanding and exercisable warrants as of July 31, 2025 is presented below: