Trio Petroleum expands ATM offering to $65M after public float surpasses $75M threshold

Filed May 6, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Company increased at-the-market offering capacity to $65M (total program now $89M including $24M already sold), enabling significant additional share sales and potential dilution for existing shareholders.

  Item 8.01 verify on EDGAR →
• high

  Public float exceeded $75M milestone ($77.4M as of April 14), removing Form S-3 sales restrictions that previously limited the company's ability to raise capital through share offerings.

  Item 8.01 verify on EDGAR →
• high

  Company has already sold 28 million shares for $24.2M since launching ATM program in January 2026, representing substantial recent dilution at prices around $0.86 per share.

  Item 8.01 verify on EDGAR →