IPO - Permex Petroleum Corp

Form Type: S-1/A

Filing Date: 2025-03-11

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225009875

Filing Summary: This document is an amendment to the Form S-1 registration statement for Permex Petroleum Corporation, providing details for a firm commitment public offering of securities, specifically common units. Each common unit consists of one Common Share, no par value, and one warrant to purchase one Common Share at an exercise price of 125% of the public offering price. The offering also includes pre-funded units for buyers whose purchases would cause them to exceed a beneficial ownership threshold. The document outlines risks associated with the securities, pricing, and underwriters' compensation. It emphasizes the company’s plans to list its Common Shares and Warrants on designated exchanges, highlighting possible market volatility and the restrictions due to prior regulatory filings. Additionally, it discusses the impact that previous filing issues have had on the marketability of the shares, which may affect investors' ability to sell their shares.

Form Type: S-1/A

Filing Date: 2025-02-25

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225008220

Filing Summary: Permex Petroleum Corporation is filing an amendment to its Form S-1 registration statement, which is a public offering of its securities. The company is offering up to common units, with each unit consisting of one Common Share and a Warrant to purchase one Common Share. Additionally, it is offering Pre-funded Units, each comprising a Pre-funded Warrant to purchase one Common Share and a Warrant. The exercise price of the Warrants is set at 125% of the public offering price of one Common Unit. Certain purchasers will have the option to buy Pre-funded Units if their investment would lead to owning more than a specified percentage of the outstanding Common Shares. The registration statement also includes details about the possible listing of the Common Shares and Warrants on The Nasdaq Capital Market and their current trading status on the Canadian Securities Exchange and Frankfurt Stock Exchange. The filing discusses the challenges of the current limited U.S. market for their Common Shares and notes risks including stock price volatility, difficulties in reselling shares, and uncertainties regarding regulatory approvals.

Form Type: S-1/A

Filing Date: 2025-02-25

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225008224

Filing Summary: This amendment to the Form S-1 Registration Statement updates the information regarding the offering of common shares by Permex Petroleum Corporation. The document indicates the offering of up to 4,699,394 common shares, which are issueable upon the conversion of 10% senior secured convertible debentures and the exercise of purchase warrants. The shares will be offered by certain selling shareholders who acquired these shares in a private placement transaction. These debentures have an outstanding principal amount of $4,276,389 and a fixed conversion price of $1.91. Details about potential risks, market conditions, stock price volatility, and implications of being classified as an emerging growth company are also discussed. The document highlights the fact that the Company will not receive proceeds from the resale of shares but may receive proceeds upon the exercise of warrants.

Form Type: S-1

Filing Date: 2025-01-29

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004169

Filing Summary: Permex Petroleum Corporation has filed a Form S-1 registration statement with the SEC on January 29, 2025, to register the resale of up to 4,699,394 common shares. This includes shares issuable upon conversion of senior secured convertible debentures and exercise of purchase warrants. The shares are offered by certain selling shareholders who purchased them in a private placement. The company received $1.91 per share upon the cash exercise of the warrants for an estimated gross of $4.3 million. The common shares are already listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange. With the closing price of the shares set at CAD$4.10 (equivalent to approximately $2.86 USD) as of January 27, 2025, the prospectus outlines details regarding the offering, risks involved in investing, and the provision for amending the prospectus in the future. The registration marks a significant step for Permex Petroleum as it moves to broaden its capital access and enhance its market presence.

Form Type: S-1/A

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225003126

Filing Summary: Permex Petroleum Corporation is amending its Form S-1 registration statement as it prepares for a public offering of its securities. The offering involves Common Units, each consisting of a Common Share and a Warrant to purchase one Common Share. Additionally, there are Pre-funded Units available for those who would exceed the stock ownership limitation. Each Pre-funded Unit includes a Pre-funded Warrant and a Warrant. The company aims to list its Common Shares and Warrants on The Nasdaq Capital Market, contingent upon satisfying listing criteria. The document outlines the preliminary pricing, offering structure, and risks associated with investment in these securities, emphasizing the speculative nature of the investment and detailing the underwriters' role in the offering process. The effective date for the commencement of the public sale will be shortly after the effectiveness of the registration statement. Various financial metrics, ownership limits, and the market potential for the securities being offered are discussed.