Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 4

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 4
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 later than two business days following the effective date of the registration statement of which this prospectus forms a part (the “Registration Statement”), and we will deliver all securities to be issued in connection with this offering delivery versus payment/receipt versus payment upon receipt of investor funds received by us. Accordingly, neither we, nor Spartan Capital Securities, LLC, whom we have engaged as the exclusive placement agent for this offering (“Spartan” or the “Placement Agent”) have made any arrangements to place investor funds in an escrow account or trust account since the Placement Agent will not receive investor funds in connection with the sale of the securities offered hereunder.

We have
engaged Spartan as our exclusive placement agent to use its reasonable best efforts to solicit offers to purchase our securities in this
offering. The Placement Agent is not purchasing or selling any of the securities we are offering and is not required to arrange for the
purchase or sale of any specific number or dollar amount of the securities. Because there is no minimum offering amount required as a
condition to closing in this offering the actual public offering amount, placement agent fees, and proceeds to us, if any, are
not presently determinable and may be substantially less than the total maximum offering amounts set forth above and throughout this
prospectus. We have agreed to pay the Placement Agent the placement agent fees set forth in the table below. See “Plan of Distribution”
in this prospectus for more information.

|                               |     | Per Share |     | Per        
 Pre-Funded 
 Warrant    |     | Total(2) |
|:------------------------------|:----|:----------|:----|:-----------|:----|:---------|
| Public offering price         |     | $         |     | $          |     | $        |
| Placement agent fees(7.5%)(1) |     | $         |     | $          |     | $        |
| Proceeds, before expenses,    
 to us                         |     | $         |     | $          |     | $        |

| (1) | In                                                                                                                                    
 connection with this offering, we have agreed to pay to Spartan as placement agent a cash fee equal to 7.5% of the gross proceeds     
 received by us in the offering; provided, however,                                                                                    
 that we will pay placement agent fees equal to 3.0% per share, with respect to any investors in this offering introduced by           
 us (the “Company Introduced Investors”). Table assumes that there are no Company