Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 67

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 67
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         | 42.1 | % |     |                     |  8,000,000 |     |         | 23.0 | % |     |               | 1.58 |
| Total                 |     |                     | 12,030,219 |     |         |  100 | % |     | $                   | 34,746,767 |     |         |  100 | % |     | $             | 2.89 |

| (1) | Assumes                        
 no sale of Pre-Funded Warrants |

The number of shares of our common
stock outstanding after this offering reflected in the tables and the number of shares of our common stock to be outstanding
on a pro forma and pro forma, as adjusted basis, is based on 6,725,702 shares of our common stock outstanding as of February 3, 2025; and excludes:

| ● | up                                                                                                                                
 to 191,994 shares of common stock issuable upon the exercise of outstanding warrants at a weighted exercise price of $15.24       
 per share.                                                                                                                        |
| ● | up                                                                                                                                
 to 6,000 shares of common stock issuable upon the exercise of outstanding options awarded under our 2022 Equity Incentive Plan at 
 a weighted exercise price of $10.46 per share.                                                                                    |
| ● | up                                                                                                                                
 to 178,125 shares of common stock issuable upon the vesting of restricted stock units.                                            |
| ● | the                                                                                                                               
 issuance of 50,000 shares of restricted stock granted as awards under our 2022 Equity                                             
 Incentive Plan that have not yet been issued; and                                                                                 |
| ● | 112,750                                                                                                                           
 shares of common stock available for future                                                                                       
 grants of awards under our 2022 Equity Incentive Plan.                                                                            |

| 39 |

<div align='center'>MARKET FOR OUR COMMON STOCK</div>

Market Information

Our common stock is listed on the NYSE American under the symbol “TPET.” A description of our common stock is set forth under the heading “Description of Our Securities” beginning on page 86 of this prospectus.

The last reported sale price for our common stock on January 24, 2025 was $1.58 per share.

Holders

As of February 3, 2025, we had 30 record holders of our common stock and no preferred stock issued and outstanding. The number of record holders was determined from the records of