Trinity Capital (TRIN) Stock News

AST SpaceMobile (NASDAQ: ASTS), the pioneer in space-based cellular broadband networks, has secured a $100.0 million equipment financing facility led by Trinity Capital Inc. This non-dilutive financing extends through 2031 and includes $25.0 million drawn at closing against previously purchased equipment.

The financing aims to support AST SpaceMobile's accelerated manufacturing and network deployment goals for 2025-2026. The company's robust funding strategy includes a successful convertible note issuance in January 2025, retirement of approximately half of these notes following a 100% share price increase, and strategic use of the At-the-Market facility. The company ended Q2 with over $900.0 million in cash, cash equivalents, and restricted cash.

Trinity Capital (NASDAQ: TRIN) has priced an upsized public offering of $125.0 million in 6.75% notes due 2030. The notes will mature on July 3, 2030, and carry a 6.75% annual interest rate, payable semiannually starting January 3, 2026.

The unsecured notes include a redemption option at par plus a "make whole" premium. The company plans to use the proceeds to reduce existing debt under its KeyBank Credit Facility. The offering is expected to close on July 3, 2025.

Trinity Capital (TRIN) has committed $15 million in growth capital to K2view, an enterprise data management company specializing in AI data infrastructure. K2view's Data Product Platform helps Fortune 1000 enterprises unify fragmented data across systems for various operational uses, including data integration, cloud migration, and enterprise data for agentic AI. The funding will support K2view's product innovation and market expansion initiatives, particularly in developing infrastructure for generative and agentic AI applications. The company, founded in 2009, serves major brands across financial services, telecom, healthcare, and retail sectors, with a focus on delivering secure, real-time data products at scale.

Trinity Capital (TRIN) has declared a quarterly cash dividend of $0.51 per share for Q2 2025, maintaining the same level as Q1 2025. The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025. This marks the company's 22nd consecutive quarter of maintaining or increasing its dividend payments, demonstrating consistent shareholder returns. Trinity Capital aims to distribute 90-100% of its taxable quarterly income through four quarterly dividends to maintain its regulated investment company tax status. The company may also pay supplemental dividends to distribute annual taxable income in the year earned or carry excess income forward for future payments.

Trinity Capital Inc. (Nasdaq: TRIN) has committed $40 million in growth capital to Paytient, a healthcare payments company serving over 23 million members and partnering with nearly 7,000 employers, insurers, and providers. Paytient's platform enables employers and insurers to improve healthcare accessibility by allowing members to manage out-of-pocket costs over time without interest or fees. The funding will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare. The company's solution is becoming a standard affordability benefit in health plan designs, helping members choose lower-premium plans while ensuring healthcare expenses remain manageable.

Paytient, a healthcare payments company, has secured $40 million in funding from Trinity Capital (TRIN) to accelerate its market expansion. The company enables employers and insurers to provide interest-free healthcare payment solutions, serving over 23 million members and partnering with nearly 7,000 employers, insurers, and providers. Paytient is the leading provider of Medicare Prescription Payment Plan solutions, powering 40% of the Part D marketplace. The company has expanded its ACA marketplace presence to 13 states and plans nationwide expansion in 2026 through a major national insurer partnership. The funding will support growth in large group employer-sponsored plans, alternative health plans, ACA marketplace, and Medicare, as cost-smoothing becomes a standard component of health plan benefits.

Trinity Capital (Nasdaq: TRIN) has committed $62.7 million in growth capital to Atmosphere TV, a business-focused streaming platform. Atmosphere TV offers over 30 original and partner TV channels specializing in sports, news, and entertainment content designed for high-traffic venues like restaurants, bars, gyms, and airports.

The platform's unique features include audio-optional streaming content and the ability for businesses to customize programming and run their own promotions. Founded in 2015 by John and Leo Resig, Atmosphere TV has established itself as a category leader in media and entertainment, leveraging proprietary content delivery technology to enhance customer experience in commercial settings.

Trinity Capital (Nasdaq: TRIN) has committed $15 million in growth capital to Lendflow, an Austin-based software development company specializing in embedded credit infrastructure. Lendflow provides low-code solutions that enable fintechs, lenders, and SaaS companies to integrate lending experiences into their platforms.

The capital will be used to expand key product initiatives and enhance Lendflow's AI-driven data intelligence and automation platform. The company's proprietary operating system streamlines customer acquisition through credit decisioning and underwriting, helping lenders scale their operations efficiently.

Trinity Capital (TRIN) reported strong Q1 2025 financial results with total investment income growing 29.5% year-over-year to $65.4 million. The company achieved net investment income of $32.4 million ($0.52 per share) and a net asset value of $833.4 million ($13.05 per share). During the quarter, Trinity made total gross investments of $220.4 million, including $94.8 million in six new portfolio companies and $125.6 million in existing ones. The company maintained strong portfolio quality with only 0.9% of debt investments on non-accrual status. Trinity's debt portfolio consists of 77.9% first-lien loans and achieved a 15.3% effective yield. The company declared its 21st consecutive regular dividend of $0.51 per share and ended the quarter with $216.4 million in available liquidity.