Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 3

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 3
---
 last reported sale price of our common stock was $1.84 per share. There is no established public trading market for the Pre-Funded Warrants. We do not intend to apply for listing of the Pre-Funded Warrants on any securities exchange or recognized trading system. Without an active trading market, the liquidity of the Pre-Funded Warrants will be limited.

On
November 5, 2024, we received notice from the NYSE American that the NYSE American had suspended trading of our shares of common
stock, until the effectiveness of a reverse stock split of our shares of common stock at a ratio of one share of common stock for
every 20 shares of common stock outstanding (the “Reverse Stock Split”), because our common stock was consistently
selling at a low selling price per share in violation of Section 1003(f)(v) of the NYSE American Company Guide. Upon effecting the
Reverse Stock Split, our common stock began trading again on the NYSE American on November 15, 2024. If, in the future, the price of
our common stock falls out of compliance, again, with the continued listing requirements of the NYSE American, this could result in
a de-listing of our common stock from trading on the NYSE American. See “Risk Factors - Risk Factors Relating to this Offering and our Common Stock – If we are not able to comply with the applicable continued listing requirements or standards of the NYSE American, our common stock could be delisted from the NYSE American” on pages 32 and 33 of this prospectus for a more detailed discussion of the Reverse Stock Split and the risks
of the delisting of the Company’s common stock from the NYSE American.

The public offering price for the Shares in this offering will be determined at the time of pricing, and may be at a discount to the then current market price. Therefore, the assumed public offering price used throughout this prospectus may not be indicative of the final offering price. The final public offering price will be determined through negotiation between us and the investors based upon a number of factors, including our history and our prospects, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general condition of the securities markets at the time of this offering.

The Shares and Pre-Funded Warrants, if any, will be offered at a fixed price and are expected to be issued in a single closing. We expect this offering to be completed not