Trio Petroleum Corp

Trio Petroleum Corp (TPET) priced its initial public offering on Apr 19, 2023 at $3.00 per share, within its $3.00–$4.00 range, raising $6M, and listed on NYSE American. At the IPO price its market capitalization was about $69.3M. Spartan Capital was lead-left underwriter. McDermott Will & Emery advised the company and Anthony L.G. advised the underwriters.

Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County. Incorporated in 2021, it holds a working interest in the roughly 8,600-acre South Salinas Project and had no revenue-generating operations at the time.

Status

IPO

Ticker

TPET

Exchange

NYSE American

Priced

Apr 19, 2023

IPO price

$3.00

Price range

$3.00–$4.00

Raised

$6M

Market cap at IPO price

$69.3M

First filed

Sep 12, 2022

Underwriters

Spartan Capital

Company counsel

McDermott Will & Emery

Underwriters' counsel

Anthony L.G.

Sector

Energy, mining & utilities

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.