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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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) has announced the expansion of its Phoenix headquarters, doubling the total space leased to 30,000 square feet. The company has seen significant growth, with a 150% increase in its team, total assets over $1.3 billion, and stable dividends to shareholders. Trinity's expansion in Phoenix signifies its commitment to the region and its thriving tech ecosystem.
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Trinity Capital Inc. (NASDAQ: TRIN) commits $40 million in term loans to Taysha Gene Therapies, Inc. (NASDAQ: TSHA) for the clinical development of its lead gene therapy program TSHA-102 in Rett syndrome. Taysha aims to bring novel disease-modifying treatments for CNS diseases with high unmet needs, leveraging AAV-based gene therapies and proven management expertise.
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Trinity Capital Inc. (NASDAQ: TRIN) announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. With over 20 years of experience in the venture ecosystem and 12 years in healthcare investment banking, Mr. Kaeding is expected to drive impactful investments in the life sciences industry. His expertise is a valuable addition to Trinity's continued success.
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Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.50 per share for the quarter ending December 31, 2023, representing a 2.0% increase over the prior quarter. The declaration date is December 14, 2023, with a record date of December 29, 2023, and a payment date of January 12, 2024. The company aims to distribute four quarterly dividends amounting to 90% to 100% of its taxable quarterly income to qualify for tax treatment as a regulated investment company.
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Trinity Capital Inc. (NASDAQ: TRIN) announced a $45 million commitment in growth capital to Neurolens, a company commercializing innovative solutions to optimize vision. Neurolens offers the only prescription lenses using a contoured prism to treat headaches, neck and shoulder pain, and eyestrain caused by eye misalignment. The launch of the N3, a fast and accurate way for eyecare providers to measure eye misalignment, is expected to fuel further growth and adoption of Neurolens N3 devices in optometry practices across the United States and Canada.
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Trinity Capital Inc. (Nasdaq: TRIN) announced its financial results for Q3 2023. Highlights include total investment income of $46.4 million, an increase of 20.0% YoY, and net investment income of $23.4 million, or $0.58 per basic share, an increase of 25.6% YoY. The company declared an 11th consecutive regular dividend increase, with the third-quarter distribution at $0.54 per share.
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Trinity Capital Inc.
Nasdaq:TRIN
TRIN Rankings
TRIN Stock Data
737.23M
43.19M
7.14%
26.05%
1.91%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
PHOENIX
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.