Trinity Capital Inc. Stock Price, News & Analysis

Trinity Capital (NASDAQ: TRIN) has committed $30 million in growth capital to Elucent Medical, a medical technology company specializing in guided surgical technologies. Elucent's flagship product, the EnVisio® System, utilizes In-Body Spatial Intelligence™ to provide physicians with 3D surgical awareness through spatial field generation and SmartClip® markers.

The investment follows Elucent's $44 million Series C funding round earlier in 2024. The new capital will support scaling operations and advancing commercialization efforts. The EnVisio® System transforms standard instruments into smart tools, enabling precise soft-tissue surgical excision through continuous 3D positioning data.

Trinity Capital Inc. (TRIN) has announced its earnings release schedule and conference call details for 2025. The company will release quarterly earnings before market opens, followed by conference calls at 12:00 p.m. ET on the following dates: February 26 (Q4/FY 2024), May 7 (Q1 2025), August 6 (Q2 2025), and November 5 (Q3 2025).

For the Q4/FY 2024 call, investors can dial (800) 267-6316 or (203) 518-9783 internationally, using Conference ID: TRINQ424. A replay will be available until March 5, 2025, accessible at (800) 723-0389 or (402) 220-2647. A live webcast will be available on the company's investor relations website, with the replay accessible for 90 days.

Trinity Capital (NASDAQ: TRIN) has announced a significant milestone: its equipment finance vertical has exceeded $1 billion in fundings to high-growth companies since 2018. The achievement highlights the company's role in supporting business growth across various sectors, including manufacturing & automation, energy, space technology, climate tech, and artificial intelligence.

The company has established itself as a key player in capital expenditure financing, supporting notable companies like Hermeus Corp., DrinkPAK, Hadrian Automation, Rocket Lab USA, and Dandelion Energy. This financing solution enables companies to access capital without equity dilution, strengthening their capital structure.

The cited fundings include debt investments made through Trinity Capital's predecessor funds (launched in 2008) until January 16, 2020, when these funds merged with Trinity Capital as it began operating as a business development company.

Trinity Capital (NASDAQ: TRIN) has announced a $30 million growth capital commitment to Silk Technologies, a software-defined cloud storage provider. Silk's platform specializes in enhancing cloud applications and databases performance while optimizing cloud resource usage and data management costs.

The company has demonstrated significant growth, doubling its revenue over the past two years through new customer acquisitions. The funding will support Silk's operational scaling and growth initiatives, particularly as AI drives increased demand for data processing capabilities. The company's solutions target various sectors including finance, healthcare, insurance, and retail industries.

Trinity Capital (NASDAQ: TRIN) has committed $12.5 million in growth capital to Upward Health, an in-home healthcare provider specializing in 24/7 whole-person care for high-risk patients. The funding is part of a larger debt financing package that includes an additional $7.5 million from Comerica Bank, alongside a Series C fundraise led by Heritage Group and Blue Venture Fund.

Upward Health, ranked 7th on the 2023 Inc. 5000 list and 6th in 2024 among fastest-growing private U.S. companies, will use the capital to fund growth initiatives, expand coverage area, and refine their care model. The company partners with health plans and risk-bearing entities to improve health outcomes and quality of life for high-need patients.

Trinity Capital (Nasdaq: TRIN), a leading alternative asset manager, announced a record funding of $1.2 billion in investments for 2024. The company originated $1.6 billion in new commitments throughout the year.

In the fourth quarter of 2024, Trinity funded $297 million, which included $190 million in secured loans, $96 million in equipment financings, and $11 million in warrant and equity investments. The company also originated $411 million in new commitments during the same period.

For the full year, Trinity's investments included $887 million in secured loans, $304 million in equipment financings, and $38 million in warrant and equity investments. The company funded $968 million to 39 new portfolio companies and $245 million to 28 existing portfolio companies. Proceeds from repayments and exits totaled $808 million, including $314 million from early debt repayments and refinancings.

CEO Kyle Brown expressed satisfaction with the year's performance, highlighting the company's unique business structure and value creation for investors and partners.

Trinity Capital (NASDAQ: TRIN) has committed $50 million in equipment financing to Form Energy, a technology company developing innovative multi-day energy storage systems. Form Energy specializes in iron-air battery technology capable of storing electricity for 100 hours at competitive costs. The financing will support equipment purchases for Form Energy's first high-volume battery manufacturing facility in Weirton, West Virginia. This commitment follows Form Energy's recent $455 million Series F fundraise led by T. Rowe Price. The company aims to enhance energy system reliability and sustainability through its cost-effective storage solutions.

Trinity Capital (Nasdaq: TRIN) has declared a quarterly cash dividend of $0.51 per share for Q4 2024, maintaining the same level as Q3 2024. This marks the company's 20th consecutive quarter of consistent or increased dividends. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.

The company aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends to maintain its regulated investment company tax status. Trinity may also pay supplemental dividends to distribute approximately all annual taxable income in the year earned or carry over excess taxable income for future dividend payments.

Trinity Capital Inc. (Nasdaq: TRIN) has announced an expansion of its credit facility to $600 million, representing a $90 million increase from the previous $510 million commitment. The expansion was executed under the existing accordion feature, which allows for maximum commitments of up to $690 million. The additional funding was provided by a diversified bank syndicate comprising 13 participants, led by KeyBank N.A. The increased facility enhances Trinity's ability to grow its platform while maintaining substantial liquidity.