Possible new Trio Petroleum shares

TPETDilution

Known so far: no new shares from the prospectus covers read · shelf room about $2.9M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $2.9M
  • One third of float $2.9M ($8.8M float, Apr 30, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $2.9M on the S-3 of Apr 3, 2026: the baby-shelf rule (public float under $75M) caps sales at one third of the $8.8M public float stated as of Apr 30, 2025, $2.9M, nothing sold off it in the last 12 months. Sources: S-3 Apr 3, 2026, effective Apr 13, 2026 · public float, as of Apr 30, 2025.

What could become new Trio Petroleum (TPET) shares, from its 10-Q, 10-K, S-3 or 424B filings.

Read so far: the cover share count (5.3M shares, +468% from 938K on Sep 10, 2025, adjusted for the 1-for-9 reverse split by Sep 8, 2026). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-Q · S-3 shelf filings.

Shares outstanding

5.3M

Mar 2025 to Sep 2026: from 773K to 5.3M. Adjusted for the 1-for-9 reverse split by Sep 8, 2026: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.