Form 8-K

8-K — Trio Petroleum Corp

Accession: 0001493152-26-018560

Filed: 2026-04-22

Period: 2026-04-22

CIK: 0001898766

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): April 22, 2026

Trio

Petroleum Corp

(Exact

name of registrant as specified in its charter)

Delaware

001-41643

87-1968201

(State

or other Jurisdiction

Incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

23823

Malibu Road, Suite 304

Malibu,

CA 90265

(661)

324-3911

(Address

and telephone number, including area code, of registrant’s principal executive offices)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.0001 per share

TPET

The NYSE American

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01. Other Events.

Extension

of Letter of Intent to Acquire Certain Oil and Gas Assets of HSO in at the P.R. Spring, Utah

May 20, 2025, Trio Petroleum Corp, a Delaware corporation (the “Company”), filed a Current Report on Form 8-K (the “May

20th 8-K”) with the Securities and Exchange Commission (the “Commission”) reporting that it had entered into a non-binding

Letter of Intent (the “LOI”) with Heavy Sweet Oil LLC, a limited liability company incorporated under the laws of the State

of Utah (“HSO”, and together with the Company, the “Parties”) for the acquisition of all of HSO’s right,

title and interest in, to, and under a certain identified 2,000 acres of land of HSO at the P.R. Spring Unita Basin in Utah (the “Proposed

Transaction”) to be identified in writing by the Company (the “Identified Assets”), the terms of which would be set

forth in certain definitive documents which the Parties intend to proceed to enter into (the “Definitive Documents”). The

LOI provided that it is a condition of the Company’s entering into Definitive Documents that there is evidence of a minimum sustained

production rate of 40 barrels per day for a continuous 30-day period from each of the two wells operated by the Company at the Asphalt

Ridge site located next to the P.R. Spring site (the “Well Production Rate”), and in the event that the Well Production Rate

was not achieved on or before May 15, 2026 (the “Production Rate Period”), the LOI would expire, unless extended by the Company

in writing.

of the date of this report, the Well Production Rate has not been achieved, and the Parties do not believe the Well Production Rate will

be achieved by the Production Rate Period.

April 20, 2026, the Company and HSO entered into a letter of extension (the “Extension”) which extended the Production

Rate Period until May 15, 2028, or as may be further extended by the Company.

The

above description of the Extension is qualified in its entirety by the text of the Extension, a copy of which is attached as Exhibit

10.2 to this Current Report on Form 8-K. All other terms of the LOI are described in the May 20th 8-K and the LOI, which is filed as

Exhibit 10.1 to the May 20th 8-K.

Item

9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

10.1*

Letter of Intent, dated as of May 15, 2025, entered into by and between the Company and Heavy Sweet Oil LLC

10.2

Extension

to the Letter of Intent, dated as of April 20, 2026, entered into by and between the Company and Heavy Sweet Oil LLC

104

Cover

Page Interactive Data File (embedded within Inline XBRL document).

Incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed with the Commission on May 20, 2025

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Trio

Petroleum Corp

Date:

April 22, 2026

By:

/s/

Robin Ross

Name:

Robin

Ross

Title:

Chief

Executive Officer

EX-10.2

Filename: ex10-2.htm · Sequence: 2

Exhibit 10.2

Trio

Petroleum Corp

23823

Malibu Road, Suite 304

Malibu,

CA 90265

April

20, 2026

Heavy

Sweet Oil LLC

2511

S Redwood Dr, Suite 16

Woods

Cross, UT 84087

Re:

Extension to the Letter of Intent

Dear

Mr. Byle,

Reference

is made to that certain letter of intent (this “LOI”) dated May 15, 2025, by and between Trio Petroleum Corp

(“Trio”) and Heavy Sweet Oil LLC (“HSO”). Capitalized terms not otherwise defined

herein shall have the meaning ascribed to them in the LOI.

described in Section 1 of the LOI, unless otherwise waived, in writing, by Trio, Trio’s obligation to enter into the Definitive

Agreement shall be subject to delivery of evidence of the Well Production Rate by the Production Rate Period, and if such Well Production

Rate was not achieved on or before the Production Rate Period, the LOI would expire, unless extended by Trio in writing.

The

Parties acknowledge and agree that as of the date hereof, the Well Production Rate has not yet been achieved, and the Parties do not

anticipate the Well Production Rate to be achieved by or before the Production Rate Period.

Pursuant

to this extension (the “Extension”) to the LOI, Trio hereby extends the term of the Production Rate Period

until May 15, 2028, which may be further extended by Trio, in writing, at or before such time.

All

other provisions of the LOI shall remain unchanged and shall continue in full force and effect. If the foregoing correctly sets forth

our agreement, please execute the enclosed copy of this Extension in the space provided and return it to us.

[Remainder

of Page Intentionally Left Blank]

WITNESS WHEREOF, the Parties have executed this Extension to the LOI as of the date first written above.

Very truly yours,

Trio Petroleum Corp

By:

/s/

Robin Ross

Name:

Robin

Ross

Title:

Chief

Executive Officer

Agreed to and accepted:

Heavy Sweet Oil LLC

By:

/s/

Steven Byle

Name:

Steven

Byle

Title:

Chief

Executive Officer

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