Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 70

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 70
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 on February
24, 2025, would decrease our pro forma as adjusted net tangible book value as of October 31, 2024, giving effect to this offering,
by approximately $0.1 million and reflect a nominal decrease in the value per share, and would decrease dilution to investors in this
offering by a nominal amount per share, assuming that the number of Shares and/or Pre-Funded Warrants offered by us, as set forth on
the cover page of this prospectus, remains the same, after deducting the estimated placement agent fees and estimated offering expenses
payable by us. A $0.01 increase in the assumed public offering price of $1.36 per share, which was the reported closing price
of our common stock on the NYSE American on February 24, 2025, would increase our pro forma as adjusted net tangible book value
as of October 31, 2024, giving effect to this offering by approximately $0.1 million and reflect a nominal increase in the value per
share, and would increase dilution to investors in this offering, by a nominal amount per share, assuming that the number of Shares and/or
Pre-Funded Warrants offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting the estimated
placement agent fees and estimated offering expenses payable by us. We may also increase or decrease the number of Shares and/or Pre-Funded
Warrants we are offering. An increase of 1,000,000 Shares and/or Pre-Funded Warrants we are offering would increase our pro forma as
adjusted net tangible book value as of October 31, 2024, giving effect to this offering, by approximately $1.3 million and reflect
a nominal increase in the value per share, and would decrease dilution to investors in this offering by a nominal amount per share, assuming
the assumed public offering price per shares remains the same, after deducting the estimated placement agent fees and estimated offering
expenses payable by us. A decrease of 1,000,000 Shares and/or Pre-Funded Warrants we are offering would decrease our pro forma as adjusted
net tangible book value as of October 31, 2024, giving effect to this offering, by approximately $1.3 million and reflect a nominal
decrease in the value per share, and would increase dilution to investors in this offering by a nominal amount per share, assuming the
public offering price