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) is an international alternative asset manager focused on private credit, with a portfolio built around secured loans, equipment financings, and related investments in growth-oriented companies. The TRIN news feed on Stock Titan aggregates company-issued press releases, portfolio updates, and financial announcements that reflect how this strategy is being executed over time.
News coverage for Trinity Capital frequently includes quarterly and annual financial results, portfolio activity summaries, and details on new credit facilities or capital markets transactions. For example, the company issues updates on total investment income, net investment income, net asset value, and the composition and risk ratings of its investment portfolio. It also reports on changes to its borrowing arrangements, such as new or expanded credit facilities and term loan agreements with institutional lenders.
Another major component of TRIN news involves transaction announcements with portfolio companies. Trinity Capital regularly discloses commitments of growth capital and equipment financing to businesses in sectors such as life sciences, technology, financial technology, recycling and materials, and consumer products. These releases describe the purpose of the financing and how it supports the counterparties’ expansion, commercialization, or operational scaling plans, while illustrating the application of Trinity Capital’s lending verticals, including Tech Lending, Life Sciences, Asset Based Lending, and Equipment Finance.
Dividend declarations and distribution policies are also recurring topics. Trinity Capital provides information on regular cash dividends, changes in payment frequency, and its intention to distribute a high percentage of taxable income to maintain regulated investment company status. Investors and analysts can use the TRIN news page to follow these developments, track origination and funding volumes, and review management’s commentary on portfolio performance and market opportunities.
Trinity Capital Inc. (TRIN) reported strong financial results for Q2 2022, with total investment income increasing by 71.8% year-over-year to $33.5 million. Net investment income rose 55.4% to $15.7 million ($0.51 per share). The company committed $302.3 million in investments, funding $193.8 million to 28 companies. However, net asset value (NAV) per share decreased to $14.62 from $15.15, and there were realized and unrealized losses totaling $23.4 million. A cash dividend of $0.57 per share was declared, reflecting continued shareholder returns.
Trinity Capital Inc. (Nasdaq: TRIN) has successfully closed a public offering of an additional $50.0 million of its 7.00% Notes due 2025 on July 22, 2022. The notes were issued at 99.52% of the principal amount, totaling $175.0 million in outstanding notes expected to trade on Nasdaq. The net proceeds of approximately $48.0 million will be used to pay down existing debt, support investments, and for general corporate purposes. The offering includes a 30-day option for underwriters to purchase an additional $7.5 million in notes.
On July 20, 2022, Trinity Capital Inc. (Nasdaq: TRIN) announced the pricing of a public offering for an additional $50.0 million of 7.00% notes due 2025. The offering includes a 30-day over-allotment option of up to $7.5 million. Following this issuance, total principal will rise to $175.0 million, or $182.5 million if the over-allotment is fully exercised. Proceeds will primarily reduce outstanding debt, with $232.0 million currently owed to KeyBank. The offering is expected to close on July 22, 2022.
Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN) have provided an additional $20 million venture loan to Nexii Building Solutions Inc., a green construction company. This follows previous loans totaling $40 million. The latest funding includes $10 million from Horizon and $5 million from a private investment vehicle managed by Horizon, alongside $5 million from Trinity. Nexii plans to utilize the funds for growth and working capital, including the construction of a U.S. manufacturing facility.
Green construction company Nexii Building Solutions has announced a C$45 million (US$35 million) funding round, led by Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN). This investment will boost Nexii's growth and manufacturing capabilities to fulfill rising demand for sustainable construction. With this funding, Nexii's valuation exceeds C$2.05 billion. The company's innovative materials and solutions significantly reduce waste and carbon emissions in construction, positioning it as a leader in the industry.
Trinity Capital (Nasdaq: TRIN) announced its financial reporting dates for the remaining quarters of 2022. The second quarter earnings call is scheduled for August 4, 2022, while the third quarter will be on November 3, 2022, and the fourth quarter is set for March 2, 2023. The company, a provider of debt and equipment financing, aims to support growth-stage and venture-backed companies. Investors can participate in the calls or access replays via the investor relations website.
Trinity Capital Inc. (NASDAQ: TRIN) announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025. Following a cash dividend of $0.57 per share, the conversion rate will change to 68.7855 shares per $1,000 principal amount, altering the conversion price to $14.54 from $14.81 per share. This adjustment aligns with the second supplemental indenture due to the dividend exceeding the initial threshold of $0.30. The record date for the dividend is June 30, 2022, and the payment is scheduled for July 15, 2022.
On June 15, 2022, Trinity Capital (Nasdaq: TRIN) announced a cash dividend of $0.57 per share for Q2 2022, comprising a regular dividend of $0.42 and a supplemental dividend of $0.15. This regular dividend reflects a 5.0% increase from the prior quarter. The board has shown intent to declare equal special dividends of $0.15 for the third and fourth quarters of 2022, pending approval. The payment date is set for July 15, 2022. The aim is to distribute approximately 90% to 100% of taxable income each year.
Trinity Capital Inc. (Nasdaq: TRIN) has successfully closed a $30 million equipment financing line for Aledia, a company specializing in next-generation microLED displays. Aledia plans to leverage these funds for enhancing its in-house manufacturing processes and accelerating product development. Known for its proprietary 3D technology using gallium-nitride, Aledia aims to disrupt the global display market, targeting diverse applications including smartphones and VR systems. This partnership signifies a crucial step for Aledia as it advances its innovative display technology.
Trinity Capital reported robust first-quarter results for 2022, showcasing a total investment income of $31.8 million, a significant 83.8% increase year-over-year. Net investment income rose 115.2% to $15.6 million or $0.57 per share. The company realized gains of $52.6 million on equity sales and declared an increased dividend of $0.40 per share, along with a $0.15 supplemental cash dividend. However, the net asset value per share decreased to $15.15 due to unrealized losses surpassing realized gains. The investment portfolio's fair value reached $919.3 million.
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