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. reports developments as an alternative asset manager and specialty lender focused on private credit for growth-oriented companies. Its recurring news includes quarterly financial results, net investment income, NAV movement, new commitments, funded investments, repayments, exits, and portfolio activity across Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences.
Company updates also cover secured loans, equipment financings, warrant and equity investments, sponsored investment funds, SBIC-related activity, and growth-capital facilities for portfolio companies in technology, life sciences, medical technology, energy infrastructure, and other innovation-driven markets.
Ambient Photonics has secured an additional $17.5 million in debt financing from org value="NASDAQ-NMS:TRIN"Trinity Capital and org value="ACORN:0473013163"Silicon Valley Bank, raising its total funding to $48.5 million. The funds will support the establishment of the world's largest low-light solar cell manufacturing facility in the location value="LC/us"U.S.. This facility aims to provide low-cost, high-power solar cells to the IoT market, significantly reducing battery usage and carbon footprint by up to 80%.
Trinity Capital Inc. (NASDAQ: TRIN) has announced a public offering of $55 million in common stock, priced at $15.33 per share, up from an initial $50 million target. The underwriters have a 30-day option to purchase an additional 538,160 shares. Proceeds will be used to reduce existing debt, support investment activities, and for general corporate purposes. Expected delivery of shares is on August 18, 2022. This offering is filed under an effective shelf registration statement with the SEC.
Trinity Capital Inc. (Nasdaq: TRIN) announced a $50.0 million underwritten public offering of its common stock. The offering is subject to market conditions and includes a 30-day option for underwriters to purchase additional shares. Proceeds will be used to reduce existing debt, make investments, and for general corporate purposes. The offering is managed by several financial institutions including Keefe, Bruyette & Woods and Morgan Stanley. Investors should review the preliminary prospectus for important details.
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.