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Trinity Capital Inc. Announces Adjustment to Conversion Rate of its 6.00% Convertible Notes due 2025
Prnewswire· 2024-06-28 20:05
PHOENIX, June 28, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.51 per share, payable on July 15, 2024 to stockholders of record as of June 28, 2024. The ex-dividend date for such dividend was June 28, 2024. The Company's ...
Trinity Capital Inc. Provides $40 Million in Growth Capital to Gravie
Prnewswire· 2024-06-25 11:30
Gravie offers self-funded health plans, called Comfort®, for small and mid-size employers. Comfort provides comprehensive coverage with no deductibles or copays on the most common healthcare services, including virtual care. Gravie aims to simplify healthcare by offering straightforward plans and providing additional benefits like interest-free payment options. "We are excited to partner with the Trinity team as we grow our business and seek to make health benefits plans work for everyone," said Charles Mar ...
Trinity Capital: The 14% Yield Looks Sustainable In 2024
Seeking Alpha· 2024-06-17 05:56
PM Images My Rating History Trinity Capital's Unique Portfolio Composition, Decline In Debt Yields TOTAL PORTFOLIO BY INVESTMENT TYPE(2) Equipment Financing Equity & Warrants Loans $1,350,000 5.5% 4.2% $1,200,000 20.4% 4.2% 4.7% 4.1% 26.4% $1,050,000 21.3% 20.0% 21.9% $900,000 THOUSANDS $750,000 $600,000 74.1% $450,000 69.4% 74.5% 75.3% 74.0% $300,000 $150,000 $0 1Q23 2Q23 3Q23 4Q23 1Q24 Timity Capital owned 75.4% floating-rate debt investments in 1Q24 and had 25.8% floating-rate borrowings, which give the ...
Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Second Quarter of 2024
Prnewswire· 2024-06-13 20:05
PHOENIX, June 13, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on June 13, 2024, its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending June 30, 2024. This dividend is consistent with the regular dividend declared in the prior quarter and represents the 18th consecutive quarter of a consistent or increased divid ...
Trinity Capital Inc. Exits Its Equity Position in Core Scientific
Prnewswire· 2024-06-05 20:45
PHOENIX, June 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, announced today that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific (CORZ) ("Core") that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core entered Chapter 11 bankruptcy in De ...
Trinity Capital Inc. Provides $15 Million in Growth Capital to restor3d
Prnewswire· 2024-06-05 09:00
About Trinity Capital Inc. Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of s ...
Denim Secures $63 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.
Prnewswire· 2024-05-30 12:00
Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN) SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers. The financing, offered by SVB's national fintech practice, allows Denim to continue supporting the cash flow an ...
Trinity Capital Inc. Expands Operations into Europe
prnewswire.com· 2024-05-22 11:30
Appoints Craig Fox to Lead New Venture PHOENIX, May 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its strategic expansion into Europe with the appointment of London-based Craig Fox as Managing Director. This initiative aligns with the Company's long-term vision of supporting high-growth companies globally. By establishing a dedicated European team, Trinity aims to ...
Trinity Capital (TRIN) - 2024 Q1 - Earnings Call Transcript
2024-05-01 19:04
Trinity Capital Inc. (NASDAQ:TRIN) Q1 2024 Results Conference Call May 1, 2024 12:00 PM ET Company Participants Ben Malcolmson - Head of Investor Relations Kyle Brown - Executive Officer Michael Testa - Chief Financial Officer Gerry Harder - Chief Operating Officer Ron Kundich - Chief Credit Officer Sarah Stanton - Chief Compliance Officer and General Counsel Conference Call Participants Bryce Rowe - B. Riley Kyle Joseph - Jefferies Vilas Abraham - UBS Paul Johnson - KBW Casey Alexander - Compass Point Fini ...
Trinity Capital (TRIN) - 2024 Q1 - Quarterly Report
2024-05-01 12:01
Table of Contents recw20112 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39958 TRINITY CAPITAL INC. (Exact name of registrant as specified in its charter) Maryland 35-2670395 (State or other jurisdiction of ...