Trinity Capital Inc. Stock Price, News & Analysis

Trinity Capital Inc. (NASDAQ: TRIN, TRINL) announced its participation in the 35th Annual Roth Conference from March 12 to March 14, 2023 in Laguna Niguel, CA. The conference provides an opportunity for growth-stage companies to engage with investors, showcasing Trinity's commitment to delivering diversified financial solutions. Interested parties can schedule one-on-one meetings with the origination team through their Roth representative. Trinity Capital aims to generate current income and capital appreciation through financing solutions including term loans and equipment financings. For more details, visit www.trinitycap.com.

Trinity Capital Inc. (Nasdaq: TRIN, TRINL) has announced the schedule for its upcoming quarterly earnings releases. The fourth quarter and full year 2022 results will be disclosed on March 2, 2023, at 2:00 p.m. PT, followed by the first quarter 2023 on May 4, the second quarter on August 3, and the third quarter on November 2. Investors can listen to the calls live and access recordings thereafter on the company's investor relations website. Trinity Capital provides financial solutions to growth-stage companies, focusing on generating current income and capital appreciation through various investments.

Trinity Capital, a prominent provider of financial solutions, reported $239 million in gross debt and equity commitments for Q4 2022, contributing to a record total of $975 million for the entire year. The company emphasized its growth despite challenging market conditions, focusing on expanding its portfolio and maintaining strong dividend coverage. Key activities included forming a joint venture and a registered investment adviser, alongside a stock repurchase program. Trinity's robust origination and repayment performance highlight its position in the venture debt industry.

Trinity Capital Inc. (Nasdaq: TRIN) will ring the NASDAQ Closing Bell on January 10, 2023, at 4:00 pm ET. Since its IPO in January 2021, the company has invested over $1.1 billion in venture capital-backed companies and has increased dividends for eight consecutive quarters, amounting to $3.59 per share since the IPO. CEO Steve Brown highlighted the company's achievements and commitment to growth-stage businesses, aiming for long-term shareholder value.

Trinity Capital Inc. (NASDAQ: TRIN) announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 due to a cash dividend of $0.61 per share. This includes a regular dividend of $0.46 and a supplemental dividend of $0.15, payable on January 13, 2023. The conversion rate will increase to 72.3849 shares per $1,000 principal amount of Convertible Notes, adjusting the conversion price to $13.82 per share. This adjustment arises from the dividend exceeding the initial threshold of $0.30 per share.

Trinity Capital (NASDAQ: TRIN) announced a $25 million financing facility for RxAnte Inc., a pharmacy care management company. Of this, $15 million has been drawn, with an option for an additional $10 million. RxAnte's innovative services are expected to enhance prescription drug use for over 30 million lives, targeting cost reduction and improved healthcare quality. The funding supports RxAnte's growth in value-based pharmacy services aimed at vulnerable Medicare beneficiaries, which have shown to lower hospitalizations and overall care costs.

Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.61 per share for Q4 2022, comprised of a regular dividend of $0.46 and a supplemental dividend of $0.15. This reflects a 2.2% increase from the previous quarter. The declaration date is December 15, 2022, with a record date of December 30, 2022 and a payment date of January 13, 2023. The supplemental dividend will be drawn from undistributed taxable income as of December 31, 2021.

Trinity Capital Inc. (NASDAQ: TRIN) announced on December 14, 2022, that it received exemptive relief from the SEC, allowing it to create and fully own a portfolio company as a registered investment adviser under the Investment Advisers Act of 1940. This exemption is expected to enhance Trinity's investment platform and expand its portfolio, providing new opportunities for growth and shareholder value. Kyle Brown, President and CIO, emphasized the significance of this milestone in pursuing accretive investment opportunities.

Trinity Capital Inc. (NASDAQ: TRIN) announced participation in the KBW BDC Midtown March on December 14, 2022, at 787 7th Avenue, New York, NY. The company provides diverse financial solutions to growth-stage businesses, focusing on generating income and capital appreciation through various investments. Interested parties can schedule one-on-one meetings with management via a KBW representative or by emailing ir@trincapinvestment.com. For more information, visit www.trinitycap.com.