Welcome to our dedicated page for Trinity Capital news (Ticker: TRIN), a resource for investors and traders seeking the latest updates and insights on Trinity Capital stock.
Trinity Capital Inc. (NASDAQ: TRIN), a premier specialty lending company, provides diversified financial solutions to growth-stage businesses, particularly venture-backed firms and those with institutional equity investors. Since its inception in 2008, Trinity has established itself as a preferred partner for venture loans and equipment leases, working closely with leading venture capital firms to support companies across various industries, including software, healthcare, clean technology, and more.
Trinity's core business revolves around offering debt, including loans and equipment financing, aimed at fueling the growth and extending the runway of high-potential startups. The company's equipment financings involve loans for both general and specific use, secured by either the equipment itself or other assets of the portfolio company.
Trinity's recent achievements include the successful issuance of $100 million in aggregate principal amount of 7.875% notes due 2029, showcasing its robust financial health and ability to attract investor confidence. The company has also adjusted the conversion rate of its 6.00% Convertible Notes due 2025, reflecting its commitment to providing value to its investors through regular dividends and strategic financial maneuvers.
In addition to its strong financial performance, Trinity has expanded its reach globally, establishing a European team led by seasoned industry expert Craig Fox. This strategic expansion aligns with Trinity's long-term vision to support high-growth companies on a global scale, capitalizing on the vibrant tech landscape and venture capital activities in Europe.
Trinity's notable partnerships include a $125 million warehouse facility provided in collaboration with Silicon Valley Bank to fintech infrastructure startup Parafin. This partnership exemplifies Trinity's role in empowering innovative companies with flexible capital solutions, enabling them to scale their operations effectively.
The company's financial results for the first quarter of 2024 highlight its strong operational performance, with total investment income reaching $50.5 million, a significant increase from the previous year. Trinity continues to demonstrate resilience and adaptability, maintaining a diverse portfolio with an aggregate fair value of approximately $1.4 billion and a focus on first lien loans secured by high-quality assets.
For more information about Trinity Capital Inc., please visit their website at www.trinitycap.com.
Trinity Capital (NASDAQ: TRIN, TRINL) announced a $40 million financing facility to support Convergent Dental, the creator of the Solea® dental laser. Of this amount, $20 million has already been drawn, with an option for Convergent to access an additional $20 million, contingent on agreement terms. The Solea® laser technology is unique as it allows for anesthesia-free dental procedures, enhancing patient comfort and operational efficiency for dental practices. This funding aims to help Convergent accelerate its growth and expand the market adoption of its innovative product. Trinity Capital, known for its specialized financial solutions to growth-stage companies, reinforces its commitment to driving advancements in the life sciences sector.
Trinity Capital Inc. (Nasdaq: TRIN, TRINL) announced that it will host its first quarter 2023 conference call on May 4, 2023, at 3:00 p.m. PT (6:00 p.m. ET). Investors can listen by dialing (800) 343-4849 or (203) 518-9856 and referencing Conference ID: TRINQ123. A taped replay will be available approximately two hours after the call and will remain accessible until May 11, 2023. A live webcast will also be available on Trinity's investor relations website. Trinity Capital is a provider of diversified financial solutions to growth-stage companies, aiming to generate current income and capital appreciation through various investment methods.
Trinity Capital Inc. (Nasdaq: TRIN, TRINL) has announced the release of its first quarter 2023 financial results, scheduled for May 4, 2023, after market close. A conference call to discuss these results will occur at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can participate by dialing (800) 343-4849 or (203) 518-9856 and referencing Conference ID: TRINQ123. A live webcast will also be available on the company's investor relations website. Furthermore, a replay of the call will be accessible for 90 days post-event. Trinity Capital specializes in providing diversified financial solutions to growth-stage companies, combining term loans and equity-related investments to generate income and capital appreciation.
On March 31, 2023, Trinity Capital Inc. announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025, following a cash dividend of $0.47 payable on April 14, 2023. The conversion rate increased to 73.3359 shares of common stock per $1,000 principal amount from 72.3849 shares. This change adjusts the conversion price to $13.64 per share from $13.82. This adjustment is in line with the terms set in the second supplemental indenture, triggered by the dividend exceeding the $0.30 threshold. Trinity aims to distribute 90% to 100% of its taxable income annually.
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