Company: TPET
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001493152-25-010362
Chunk: 41

Company: Trio Petroleum Corp.
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
---
,583,142 during the period ended January
31, 2025, with $107,494 recognized as equity issuance costs for commissions paid to Spartan, for net proceeds of $3,475,648.

Warrants

 SCHEDULE OF WARRANT ACTIVITY

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

    Weighted

    Weighted

    Average

    Number of

    Average Exercise

    Remaining
    Life

    Warrants

    Price

    in
    Years

    Intrinsic
    Value

    Outstanding November 1, 2024

    191,994

    $
    15.24

    3.8

    $
    47,160

    Expired

    (20,000
    )

    30.00

    -

    -

    Outstanding, January 31, 2025

    171,994

    $
    13.52

    4.0

    $
    31,200

    Exercisable, January 31, 2025

    171,994

    $
    13.52

    4.0

    $
    31,200

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

    Weighted

    Weighted

    Average

    Number of

    Average Exercise

    Remaining
    Life

    Warrants

    Price

    in
    Years

    Intrinsic
    Value

    Outstanding November 1, 2023

    88,336

    $
    22.35

    7.3

    $
    -

    Issued

    29,195

    12.43

    4.9

    -

    Outstanding, January 31, 2024

    117,531

    $
    19.89

    4.0

    $
    61,600

    Exercisable, January 31, 2024

    110,614

    $
    19.87

    3.9

    $
    61,600

    20

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

 SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS

    Warrants