Trinity Capital Inc. Stock Price, News & Analysis

Trinity Capital Inc. (Nasdaq: TRIN) will release its first quarter 2022 financial results after market close on May 9, 2022. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Interested parties can join the call by dialing (866) 831-8713 or (203) 518-9822 with Conference ID: TRINQ122. A taped replay will be available shortly after the call until May 16, 2022. The live webcast can also be accessed on Trinity's investor relations webpage.

This announcement highlights Trinity's role as a leading provider of debt and equipment financing to growth stage companies.

Trinity Capital Inc. (Nasdaq: TRIN) announced the appointment of Rob Lake as Managing Director for Life Sciences in San Diego. With over 18 years of experience, Lake has funded more than $1.6 billion in debt transactions. His previous roles include managing positions at Runway Growth Capital, Bridge Bank, and Oxford Finance. President and CIO Kyle Brown expressed enthusiasm about Lake's expertise contributing to Trinity's growth in the life sciences portfolio.

Trinity Capital Inc. (Nasdaq: TRIN) has priced an underwritten public offering of $50 million worth of common stock at $18.15 per share. The offering includes a 30-day option for underwriters to purchase an additional 413,226 shares. Proceeds will be used to reduce debt under its KeyBank Credit Facility and for general corporate purposes. The offering is expected to close on April 7, 2022.

On April 4, 2022, Trinity Capital Inc. (NASDAQ: TRIN) announced a public offering of $50 million in common stock. The company plans to use the proceeds to reduce existing debt under its KeyBank Credit Facility and for general corporate purposes. Underwriters have a 30-day option to purchase additional shares. The offering is subject to market conditions and will be conducted under an effective SEC registration. Investors are encouraged to review the preliminary prospectus for comprehensive investment details.

Trinity Capital Inc. (NASDAQ: TRIN) announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 following a regular cash dividend of $0.40 and a supplemental dividend of $0.15, payable on April 15, 2022. The conversion rate will change from 67.0278 shares to 67.5315 shares per $1,000 principal amount. The conversion price is revised to $14.81 from $14.92. This adjustment is due to exceeding the initial dividend threshold of $0.30, as stipulated in the indenture governing the Convertible Notes.

Trinity Capital Inc. (Nasdaq: TRIN) announced the promotions of Gerry Harder as Chief Operating Officer and Ron Kundich as Chief Credit Officer, effective March 15, 2022. Harder, a company veteran since 2016, will focus on operational initiatives and platform growth, previously serving as Chief Credit Officer. Kundich, with over 25 years of experience, takes over the credit processes. These appointments aim to enhance management and support Trinity's strategic objectives in specialty lending to growth stage companies backed by venture capital.

Trinity Capital (Nasdaq: TRIN) reported strong Q4 and full-year 2021 results, reflecting continued growth in investment income and net investment income. Q4 2021 total investment income rose to $23.6 million, up 53.9% year-over-year, while net investment income reached $10.6 million ($0.39 per share), a 100.1% increase. The firm's net asset value (NAV) per share increased to $16.40. Aggregate debt and equity investment commitments amounted to $247.9 million. A dividend of $0.36 per share was declared, marking a 9.1% increase from Q3 2021.

Trinity Capital has provided a $25 million growth capital facility to Cepton Technologies, aiding in its merger with Growth Capital Acquisition Corp, now Cepton Inc. (Nasdaq: CPTN). The agreement allows Cepton to immediately draw $10 million and an additional $15 million by July 1, 2022. Cepton plans to use these funds to scale operations for its lidar-based technologies across various sectors. Trinity's Managing Director emphasized the strategic fit of Cepton’s innovations in the market.

Trinity Capital Inc. (Nasdaq: TRIN) will release its fourth quarter and full year 2021 financial results on March 3, 2022, after market close. A conference call to discuss the results will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the call by dialing (800) 909-7113 and referencing Conference ID: TRINQ421. A taped replay will be available until March 10, 2022, and a live webcast will be accessible on the company's investor relations website. Trinity Capital is a specialty lending company focused on providing debt financing to growth-stage businesses.