Trio Petroleum Corp ATM Equity Offering Updates and Legal Opinion

Trio Petroleum Corp filed a Form 8-K on April 10, 2026, providing updates on its at-the-market (ATM) equity offering program. The company reported that it filed Amendment No. 9 to its prospectus supplement, which updated the amount of shares eligible for sale under General Instruction I.B.6 of Form S-3. Following this amendment, the aggregate amount of shares available for sale is $1,282,000, bringing the maximum aggregate offering amount to $24,208,000. This includes shares of common stock with an aggregate sales price of $22,925,309 (25,603,230 shares) that were previously sold pursuant to the prospectus supplement. The filing also includes a legal opinion from Ellenoff Grossman & Schole LLP confirming that the shares being offered have been duly authorized and, when issued and paid for, will be validly issued, fully paid and non-assessable. The ATM agreement was originally entered into on January 9, 2026, with Ladenburg Thalmann & Co. Inc. as sales agent.