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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trinity Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trinity Capital's position in the market.
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cPacket Networks Inc. secures $67M funding round to enhance its position in the enterprise hybrid network observability and security market. Morgan Stanley Expansion Capital and Trinity Capital Inc. contribute to the investment, showcasing confidence in cPacket's performance and market potential.
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Trinity Capital Inc. commits $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services for space companies. Formlogic aims to modernize the industrial supply chain and keep skilled manufacturing in the US. The investment will support the acquisition of new CNC machines and the expansion of operations.
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Trinity Capital Inc. (Nasdaq: TRIN) announced the schedule for quarterly earnings releases and conference calls for 2024. The company will release its fourth quarter and full year 2023 earnings on March 6, 2024, with subsequent calls on May 1, August 7, and November 6. Investors can access the calls via phone or webcast. A taped replay will be available for each call, and the webcast will be accessible on the company's investor relations website.
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Trinity Capital Inc. (TRIN) has received an investment grade credit rating of 'BBB (low)' with a stable outlook from Morningstar DBRS, reflecting the company's solid track record, strong performance, and stability. The rating affirms Trinity's operating performance despite volatility in the VC financing ecosystem and diversified funding profile. Morningstar DBRS also assigned an investment grade credit rating of 'BBB (low)' to the Company's long-term senior debt.
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Trinity Capital Inc. (NASDAQ: TRIN) commits $15 million in growth capital to Kafene, a point-of-sale platform that has generated over $150 million in incremental sales for its retailer partners. Kafene's proprietary machine learning model offers optimized financing options based on customer risk profiles. The commitment will enable Kafene to continue scaling its commercial operations and reach a broader consumer base.
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Trinity Capital Inc. (NASDAQ: TRIN) announced the appointment of Brendan Carr as Director of Tech Lending, bringing a wealth of experience from over a decade in the venture banking sphere. Mr. Carr's appointment is expected to bring invaluable experience as Trinity continues to grow and invest in disruptive companies.
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Trinity Capital Inc. (Nasdaq: TRIN) sets a record with $642 million of funded investments in 2023
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Trinity Capital Inc. (Nasdaq: TRIN) announced the appointment of Michael Testa as Chief Financial Officer (CFO) as part of the Company's long-term succession plan. He succeeds David Lund, who will remain on the team as a consultant. Mr. Testa joined Trinity Capital in 2020 as Chief Accounting Officer and has extensive experience in the financial services industry, previously serving as Vice President and Controller at Oxford Funds and working at Ernst & Young LLP.
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Trinity Capital Inc. (Nasdaq: TRIN) announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 as a result of the Company's cash dividend of $0.50 per share. The conversion rate will be adjusted to 76.9453 shares of the Company's common stock per $1,000 principal amount of Convertible Notes, with a conversion price of $13.00 per share of common stock.
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Trinity Capital Inc. (NASDAQ: TRIN) announced a $30 million growth capital commitment to Cart.com, a provider of unified commerce and logistics solutions. Cart.com recently raised a $60 million Series C equity funding round at a $1.2 billion valuation. This investment is part of a larger $100 million debt refinancing that included Trinity and Silicon Valley Bank. Cart.com has achieved unicorn status, with 50% revenue growth and profitability in 2023.
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Trinity Capital Inc.
Nasdaq:TRIN
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About TRIN
high-growth venture capital-backed companies turn to trinity capital investment (trinity) as a preferred option for venture loans and equipment leases to fuel their growth and extend their runway. since 2008, trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. the trinity portfolio includes clients in the software, semiconductors and hardware, healthcare and pharmaceuticals, energy and efficiency, consumer and retail, networking and equipment, and clean technology industries. having funded some of the world’s most innovative startup companies, trinity is the partner of choice for venture-backed technology startups wanting an experienced partner to help strengthen their financial position while preserving equity. for more information, please visit www.trincapinvestment.com.