Trio Petroleum, a California-based oil and gas E&P, filed on Monday with the SEC to raise up to $17 million in an initial public offering.
Trio Petroleum Corp. is an oil and gas exploration and development company with operations in Monterey County, California. The company was formed to acquire Trio Petroleum LLC's working interest in the 8,600-acre South Salinas Project, and subsequently partner with certain members of Trio LLC's management team to develop and operate those assets. The company has no revenue-generating operations to date.
The Danville, CA-based company was formed in 2021 and plans to list on the NYSE American under the symbol TPET. Spartan Capital Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
