Trinity Capital Inc. Announces Stock Repurchase Program
Trinity Capital (Nasdaq: TRIN) announced its board has authorized a $30 million stock repurchase program running until November 7, 2025. The company may repurchase its common stock in the open market, subject to Rule 10b-18 constraints. The board initiated this program believing macroeconomic pressures may cause stock undervaluation relative to company performance and peers. The repurchases will comply with the Investment Company Act of 1940. While Trinity hasn't yet started repurchasing shares, management can now act when deemed advantageous to shareholders.
Trinity Capital (Nasdaq: TRIN) ha annunciato che il suo consiglio di amministrazione ha autorizzato un programma di riacquisto di azioni da 30 milioni di dollari che sarà attivo fino al 7 novembre 2025. L'azienda potrà riacquistare le proprie azioni ordinarie sul mercato aperto, soggetta ai vincoli della Regola 10b-18. Il consiglio ha avviato questo programma ritenendo che le pressioni macroeconomiche possano causare una sottovalutazione delle azioni rispetto alle prestazioni aziendali e ai concorrenti. I riacquisti saranno conformi alla legge sulle società di investimento del 1940. Anche se Trinity non ha ancora iniziato a riacquistare azioni, la direzione può ora agire quando lo riterrà vantaggioso per gli azionisti.
Trinity Capital (Nasdaq: TRIN) anunció que su consejo ha autorizado un programa de recompra de acciones de 30 millones de dólares que estará en vigor hasta el 7 de noviembre de 2025. La compañía podrá recomprar sus acciones comunes en el mercado abierto, sujeto a las restricciones de la Regla 10b-18. El consejo inició este programa considerando que las presiones macroeconómicas pueden causar una subvaloración de las acciones en relación con el rendimiento de la empresa y sus competidores. Las recompras cumplirán con la Ley de Compañías de Inversión de 1940. Si bien Trinity aún no ha comenzado a recomprar acciones, la dirección puede ahora actuar cuando se considere ventajoso para los accionistas.
트리니티 캐피탈 (Nasdaq: TRIN)는 이사회가 3천만 달러 규모의 자사주 매입 프로그램을 승인했다고 발표했습니다. 이 프로그램은 2025년 11월 7일까지 운영됩니다. 회사는 10b-18 규정에 따라 공개 시장에서 보통주를 매입할 수 있습니다. 이사회는 거시 경제적 압박이 회사의 성과와 동종 업계에 비해 주식의 저평가를 초래할 수 있다고 믿고 이 프로그램을 시작했습니다. 주식 매입은 1940년 투자 회사법을 준수합니다. 트리니티는 아직 주식을 매입하기 시작하지 않았지만, 경영진은 주주에게 유리하다고 판단될 때 행동할 수 있습니다.
Trinity Capital (Nasdaq: TRIN) a annoncé que son conseil d'administration a autorisé un programme de rachat d'actions de 30 millions de dollars qui sera en vigueur jusqu'au 7 novembre 2025. L'entreprise pourra racheter ses actions ordinaires sur le marché libre, sous réserve des contraintes de la règle 10b-18. Le conseil a lancé ce programme en croyant que des pressions macroéconomiques pourraient entraîner une sous-évaluation des actions par rapport à la performance de l'entreprise et à celle de ses concurrents. Les rachats seront conformes à la loi de 1940 sur les sociétés d'investissement. Bien que Trinity n'ait pas encore commencé à racheter des actions, la direction peut désormais agir lorsque cela est jugé avantageux pour les actionnaires.
Trinity Capital (Nasdaq: TRIN) hat bekannt gegeben, dass der Vorstand ein Aktienrückkaufprogramm über 30 Millionen Dollar genehmigt hat, das bis zum 7. November 2025 gültig ist. Das Unternehmen darf seine Stammaktien am offenen Markt zurückkaufen, vorbehaltlich der Vorgaben von Regel 10b-18. Der Vorstand hat dieses Programm initiiert, da er glaubt, dass makroökonomische Druckfaktoren zu einer Unterbewertung der Aktien im Verhältnis zur Unternehmensleistung und zu Wettbewerbern führen könnten. Die Rückkäufe werden mit dem Investment Company Act von 1940 in Einklang stehen. Während Trinity noch nicht mit dem Rückkauf von Aktien begonnen hat, kann die Geschäftsführung nun handeln, wenn dies für die Aktionäre vorteilhaft erscheint.
- Authorization of $30 million stock repurchase program
- Potential to support stock price during market undervaluation
- Demonstrates financial strength and confidence in company's performance
- No immediate implementation of the repurchase program
- Program by market conditions and regulatory constraints
Insights
This
The buyback's discretionary nature and Rule 10b-18 compliance framework allow for opportunistic purchases while maintaining price stability. For a business development company (BDC), this move could enhance shareholder value through improved earnings per share and return on equity metrics. However, investors should note that the actual impact depends on execution timing and volume, as the company explicitly states no guarantee of repurchase activity.
This announcement comes amid challenging macroeconomic conditions in the venture lending space, where Trinity operates. The timing suggests management sees a disconnect between market valuation and underlying portfolio strength. The buyback authorization provides a strategic tool to support stock price during market volatility while demonstrating financial stability to stakeholders.
The program's size and duration are well-calibrated for a company of Trinity's scale, offering sufficient firepower without overcommitting capital needed for core lending operations. This balanced approach to capital management could help maintain investor confidence while preserving operational flexibility in a dynamic market environment.
Under the repurchase program, Trinity may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that Trinity complies with applicable policies and laws, including certain price, market, volume, and timing constraints specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Unless amended or extended by Trinity's board of directors, the Company expects the repurchase program to be in place until the earlier of November 7, 2025, or until
The Company's board of directors authorized the repurchase program because it believes sustained macroeconomic pressures and other market factors may cause the Company's common stock to be undervalued from time to time, especially relative to the Company's performance and its peers, and that such repurchase demonstrates the Company's stability and strength, including the resilience and creditworthiness of its portfolio. The timing and number of shares to be repurchased will depend on a number of factors, including market conditions and alternative investment opportunities. In addition, any repurchases will be conducted in accordance with the Investment Company Act of 1940, as amended. The Company has not yet been active in the repurchase program and there are no assurances that it will engage in repurchases, but if market conditions warrant, Trinity now has the ability to take advantage of situations where the Company's management believes share repurchases would be advantageous to the Company and to its shareholders.
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-oriented 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 specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.
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SOURCE Trinity Capital Inc.
FAQ
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