STOCK TITAN
  1. Home
  2. SEC Filings
  3. TRNI
  4. [10-Q] Trinity Capital Inc. Quarterly Earnings Report

Trinity Capital lists 13.2% equipment financing

The listed assets include benchmark-linked and fixed-rate loans alongside equity positions and warrants.

Available on EDGAR Accepted by SEC EDGAR
Filing Impact
(Moderate)
Filing Sentiment

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment worksHow the balance works

Form Type
10-Q

Rhea-AI Filing Summary

Trinity Capital Inc. (TRIN) lists equity investments, warrants, secured loans and equipment financings across healthcare, software, space, energy, transportation, consumer products and other sectors. Entries identify named companies and often specify investment dates, security classes or preferred series, loan maturities and pricing terms. TMRW Life Sciences' secured loan carries a variable rate of Prime + 5.0% or a floor rate of 8.8% and matures May 1, 2027. Cellares Corporation's secured loan carries Prime + 3.3% or a floor rate of 11.8%, with maturity February 1, 2027. Commonwealth Fusion Systems' equipment financing has a fixed interest rate of 13.2% and matures July 1, 2030. Other entries reference SOFR- or Prime-based pricing, fixed-rate equipment financing and PIK interest. The list also includes warrants with stated expiration dates and equity holdings identified by class or series.

TMRW Life Sciences variable rate spread Prime + 5.0% Secured loan; the listed alternative is a floor rate of 8.8%.
TMRW Life Sciences floor rate 8.8% Secured loan maturing May 1, 2027.
Cellares Corporation floor rate 11.8% Secured loan; the listed alternative is Prime + 3.3%.
Commonwealth Fusion Systems fixed interest rate 13.2% Equipment financing maturing July 1, 2030.
Inca Digital fixed interest rate 12.5% Secured loan maturing December 2, 2026.
EOT financial
"Floor rate 8.8%; EOT 5.8%"
Floor rate financial
"Prime + 5.0% or Floor rate 8.8%"
SOFR 1 Month Term financial
"SOFR 1 Month Term + 6.0%; EOT 0.0%"
PIK financial
"10.0% + PIK Fixed Interest Rate 3.0%"
Payment In Kind (PIK) refers to interest or dividends paid with additional securities instead of cash. The company adds interest to the principal or issues more bonds/shares rather than paying cash. PIK conserves cash short-term but is riskier as debt compounds over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of TRIN's Inca Digital loan?
Inca Digital, Inc.'s secured loan is listed at a fixed interest rate of 12.5% and matures December 2, 2026. Its investment date is December 2, 2025, and the entry reports EOT of 0.0%.

AI-generated analysis. How Rhea-AI works. Not financial advice.

10-Q Quarterly Reports: What Changes Quarter to Quarter →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
--12-310001786108falseQ3NYSETXNYSETXNYSETXhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://trinity.com/20260930#CanadianOvernightRepoRateAverageMemberhttp://trinity.com/20260930#CanadianOvernightRepoRateAverageMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#BaseRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#BaseRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://trinity.com/20260930#CanadianOvernightRepoRateAverageMemberhttp://trinity.com/20260930#CanadianOvernightRepoRateAverageMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#BaseRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#PrimeRateMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2026#BaseRateMemberP3Yhttp://fasb.org/us-gaap/2026#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2026#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2026#OtherAssetshttp://fasb.org/us-gaap/2026#OtherAssetshttp://fasb.org/us-gaap/2026#AccountsPayableAndOtherAccruedLiabilitieshttp://fasb.org/us-gaap/2026#AccountsPayableAndOtherAccruedLiabilities1http://fasb.org/srt/2026#ChiefExecutiveOfficerMember10001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2025-12-310001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2026-01-012026-09-300001786108trin:March2029NotesMember2026-07-012026-09-300001786108Minimum2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date March 16, 2023 Series Preferred Series 12025-12-310001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date December 8, 2023 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-12-310001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembertrin:MadisonReedIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Delphinus, Inc. Type of Investment Warrant Investment Date June 27, 2023 Expiration Date June 27, 2033 Series Preferred Series E2025-01-012025-12-310001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Secured Loan Investment Date April 8, 2022 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 7.5% or Floor rate 10.8%; EOT 2.5%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment PebblePost, Inc. Type of Investment Warrant Investment Date May 7, 2021 Expiration Date May 7, 2031 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 9, 2029 Series Preferred Series B2026-09-300001786108trin:O2026M12DividendsMember2026-12-112026-12-1100017861082026-09-300001786108trin:ConnectivityMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108Affiliate Investments Nomad Health, Inc.2026-09-300001786108trin:TrinityInvestorJVILLCMember2026-01-012026-09-300001786108trin:March2029NotesMember2025-01-012025-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-1 One2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date June 20, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:WarrantMembersrt:EuropeMember2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date January 12, 2024 Series Class B Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 16, 2024 Expiration Date September 16, 2034 Series Preferred Series BB2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date February 17, 2023 Expiration Date February 17, 2033 Series Common Units2026-09-300001786108trin:ConsumerProductsAndServicesMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108trin:ConsumerProductsServicesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 30, 2028 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Shoulder Innovations, Inc. Type of Investment Warrant Investment Date August 7, 2023 Expiration Date August 7, 2033 Series Common Stock2026-01-012026-09-300001786108United States Other Healthcare Services Cellares Corporation Type of Investment Secured Loan Investment Date August 2, 2024 Maturity Date February 1, 2027 Interest Rate Variable interest rate Prime + 3.3% or Floor rate 11.8%; EOT 4.0%2025-12-310001786108us-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108srt:MaximumMember2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Warrant Investment Date December 14, 2022 Expiration Date December 14, 2032 Series Common Stock2025-01-012025-12-310001786108Affiliate Investments Orchard Technologies, Inc.2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date February 17, 2026 Maturity Date August 1, 2029 Interest Rate Fixed interest rate 11.9%; EOT 5.0%2026-01-012026-09-300001786108trin:AIAutomationAndInfrastructureMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Formation Transactions2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Homelight Lending, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date April 18, 2022 Maturity Date April 18, 2027 Series Class A Common Stock2026-09-300001786108trin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 26, 2025 Series Class B Common Stock2025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date October 1, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Lendflow, Inc. Type of Investment Secured Loan Investment Date April 24, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 16, 2024 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Desert Star 2026 LLC Type of Investment Equity Investment Date September 25, 2026 Series Member Interest2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States AI Infrastructure Hydra Host, Inc. Type of Investment Equity Investment Date March 4, 2026 Series Preferred Series A-12026-01-012026-09-300001786108us-gaap:OverAllotmentOptionMember2020-01-162020-01-160001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date June 18, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Preferred Series CC2025-01-012025-12-310001786108United States Biotechnology Candel Therapeutics, Inc. Secured Loan Investment Date October 14, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 9.8%; EOT 4.3%2026-09-300001786108United States AI Infrastructure Trin H OpCo I LLC Equipment Financing Investment Date April 29, 2026 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 14.9%; EOT 0.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date June 21, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-01-012025-12-310001786108trin:DiagnosticsAndToolsMember2025-12-310001786108trin:EnergyAndResourceTechnologyMembertrin:FormEnergyIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Delphinus, Inc. Type of Investment Warrant Investment Date June 27, 2023 Expiration Date June 27, 2033 Series Preferred Series E2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Equity Investment Date June 20, 2023 Series Preferred Series A-32026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 24, 2029 Series Common Stock2026-09-300001786108trin:DesertStar2026LLCMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 18, 2022 Expiration Date February 18, 2032 Series Common Stock2026-09-300001786108United States Financial Technology Lendflow, Inc. Secured Loan Investment Date December 15, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2026-09-300001786108us-gaap:CorporateJointVentureMember2026-09-300001786108trin:TwoThousandNineteenRestrictedStockPlanMember2025-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108trin:O2026M4DividendsMember2026-04-150001786108SOFR 1-Month Term Rate2026-09-300001786108trin:EquityATMProgramMemberus-gaap:SubsequentEventMember2026-11-020001786108us-gaap:WarrantMembertrin:ConstructionTechnologyMembercountry:US2025-12-310001786108trin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date July 31, 2026 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%2026-01-012026-09-300001786108United States Finance and Insurance Under Technologies, Inc. Type of Investment Secured Loan Investment Date September 13, 2024 Maturity Date June 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 12.0%; EOT 4.3%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembercountry:US2025-12-310001786108trin:EquityOfferingsMember2023-08-082023-08-080001786108trin:DirectLending2025LLCMember2025-09-240001786108Portfolio Company Warrant Investments- United States Transportation Technology Uveye, Inc. Type of Investment Warrant Investment Date December 26, 2024 Maturity Date December 26, 2034 Series Ordinary2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date June 30, 2026 Expiration Date June 30, 2036 Series Preferred Series C-22026-09-300001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date December 1, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date July 18, 2025 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Pearl Health, Inc. Type of Investment Warrant Investment Date June 17, 2026 Expiration Date June 17, 2036 Series Common Stock2026-09-300001786108trin:ArtificialIntelligenceAndAutomationMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- Europe Industrials Aledia, Inc. Type of Investment Warrant Investment Date March 31, 2022 Maturity Date March 31, 2032 Series Ordinary2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 29, 2027 Series Preferred Series C2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:MacrofabIncMembertrin:SupplyChainTechnologyMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date December 31, 2021 Expiration Date December 31, 2031 Series Preferred Series C2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:FootprintInternationalHoldingIncMembertrin:EnergyAndResourceTechnologyMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2026-09-300001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date May 2, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Autonomy Data Services, Inc. Type of Investment Equity Investment Date November 4, 2025 Series Preferred Series Pre-Seed 22026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Infravision Holdings Pty Ltd Type of Investment Warrant Investment Date August 31, 2026 Expiration Date August 31, 2026 Series Ordinary Shares2026-09-300001786108United States Financial Technology Dwight Capital LLC Secured Loan Investment Date September 1, 2026 Maturity Date September 5, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 8.5% or Floor rate 10.5%; EOT 0.0%2026-01-012026-09-300001786108trin:September2029NotesMembertrin:DebtATMProgramMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cart.com, Inc. Type of Investment Warrant Investment Date November 17, 2023 Expiration Date November 17, 2033 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- Europe Healthcare Technology Unmind LTD Type of Investment Warrant Investment Date July 7, 2025 Maturity Date July 7, 2035 Series Ordinary2025-12-310001786108Portfolio Company Warrant Investments- Europe Industrials Aledia, Inc. Type of Investment Warrant Investment Date March 31, 2022 Maturity Date March 31, 2032 Series Ordinary2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Warrant Investment Date August 7, 2025 Expiration Date August 7, 2032 Series Preferred Series F Prime2025-01-012025-12-310001786108us-gaap:AdditionalPaidInCapitalMember2026-01-012026-09-300001786108United States Real Estate Technology Knockaway, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 5.0% + PIK Fixed Interest Rate 5.0%; EOT 0.0%2026-09-300001786108trin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembertrin:ElectricHydrogenCoMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Gravie, Inc. Type of Investment Secured Loan Investment Date June 4, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 13.0%; EOT 2.5%2025-12-310001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2022-01-012022-12-310001786108United States Financial Technology Lendflow, Inc. Secured Loan Investment Date April 24, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2026-09-300001786108United States Finance and Insurance Thrivory, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date October 1, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2025-12-310001786108us-gaap:WarrantMembertrin:UniphoreTechnologiesIncMembertrin:ArtificialIntelligenceAndAutomationMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2025-12-310001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2024-12-310001786108us-gaap:WarrantMembertrin:FinanceAndInsuranceMembertrin:CentivoCorporationMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Member2026-09-300001786108United States Artificial Intelligence & Automation Sortera Technologies, Inc. Equipment Financing Investment Date February 11, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 4.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108trin:DirectLending2025LLCMember2025-01-012025-12-310001786108trin:FoodAndAgricultureTechnologiesMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108srt:EuropeMember2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date March 28, 2025 Maturity Date April 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-01-012026-09-300001786108United States Finance and Insurance Lendflow, Inc. Secured Loan Investment Date December 15, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2025-01-012025-12-310001786108us-gaap:UnsecuredDebtMembertrin:May2031NotesMember2026-05-210001786108United States Other Healthcare Services Renalogic Holdings, Inc. Type of Investment Secured Loan Investment Date June 30, 2025 Maturity Date June 30, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-01-012025-12-310001786108United States Artificial Intelligence & Automation Uniphore Technologies Inc. Secured Loan Investment Date October 2, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2025-01-012025-12-310001786108United States Real Estate Technology Cpacket Networks, Inc. Secured Loan Investment Date January 29, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.0% + PIK Fixed Interest Rate 1.3%; EOT 3.0%2025-01-012025-12-310001786108trin:KeyBankCreditFacilityMember2024-08-022024-08-020001786108trin:July2030NotesMember2026-07-012026-09-300001786108trin:SOCiIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembertrin:ValuationTechniqueCostApproximatesFairValueMember2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date September 29, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32026-09-300001786108United States Healthcare Technology Pearl Health, Inc. Secured Loan Investment Date June 17, 2026 Maturity Date July 1, 2031 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 12.0%; EOT 2.0%2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMember2024-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date February 12, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.6%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 9, 2029 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Preferred Series AA-12025-12-310001786108United States Finance and Insurance One Million Metrics (dba Kinetic) Type of Investment Secured Loan Investment Date August 25, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date October 1, 2024 Expiration Date March 28, 2034 Series Preferred Series 32026-01-012026-09-300001786108Portfolio Company Debt Securities- Europe Other Healthcare Services Zandivio PLC Type of Investment Secured Loan Investment Date October 30, 2024 Maturity Date May 1, 2039 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 13.8%; EOT 2.5%2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date March 30, 2026 Maturity Date April 1, 2029 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date June 27, 2024 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.2%; EOT 10.0%2026-01-012026-09-300001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Secured Loan Investment Date April 28, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2026-01-012026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date June 18, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Drone Racing League, Inc. Type of Investment Warrant Investment Date October 17, 2022 Expiration Date October 17, 2032 Series Common Stock2026-01-012026-09-300001786108trin:MedicalDevicesMember2025-12-310001786108United States Medical Devices Iantrek, Inc. Secured Loan Investment Date April 14, 2026 Maturity Date April 14, 2031 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.3%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date April 18, 2022 Maturity Date April 18, 2027 Series Class A Common Stock2026-01-012026-09-300001786108United States Financial Technology Lendflow, Inc. Secured Loan Investment Date April 24, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date September 29, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32025-01-012025-12-310001786108us-gaap:EquityFundsMembertrin:TrinityInvestorJVILLCMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 27, 2023 Expiration Date September 27, 2033 Series Preferred Series AA-12025-12-310001786108trin:TwoThousandTwentyFiveNotesMember2024-05-170001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date September 13, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 20, 2024 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 6, 2026 Series Preferred Series D-22025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Axiom Space, Inc. Type of Investment Equity Investment Date January 18, 2023 Series Preferred Series C-12025-12-310001786108Portfolio Company Equity Investments- Europe Financial Technology Wayflyer Limited Type of Investment Equity Investment Date July 21, 2026 Series Ordinary Shares2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date December 16, 2025 Maturity Date March 24, 2030 Series Ordinary2026-09-300001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date June 13, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 12.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date July 12, 2024 Expiration Date July 12, 2036 Series Common Stock2026-09-300001786108trin:SupplyChainTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date June 13, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 12.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services SI Tickets, Inc. Type of Investment Warrant Investment Date May 11, 2022 Expiration Date May 11, 2032 Series Common Stock2026-01-012026-09-300001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2026-01-012026-09-300001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date December 23, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.3%; EOT 4.0%2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date July 25, 2025 Series SPV Member Units2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date June 21, 2024 Expiration Date June 21, 2034 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Type of Investment Secured Loan Investment Date July 2, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2025-01-012025-12-310001786108us-gaap:CommonStockMember2025-12-310001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date August 10, 2021 Maturity Date September 1, 2027 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2026-09-300001786108Portfolio Company Warrant Investments – Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Warrant Investment Date December 23, 2035 Expiration Date December 23, 2026 Ordinary2025-01-012025-12-310001786108trin:EquityOfferingsMember2022-04-072022-04-070001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date May 10, 2024 Expiration Date May 10, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 30, 2024 Series Preferred Series B2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance PatientFi, Inc. Type of Investment Warrant Investment Date December 16, 2025 Expiration Date March 14, 2035 Series Preferred Series B2025-01-012025-12-310001786108trin:SixPointZeroZeroPercentageConvertibleNotesDueTwoThousandTwentyFiveMember2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Preferred Series CC2025-12-310001786108United States Artificial Intelligence & Automation Augmented Reality Concepts, Inc. Secured Loan Investment Date June 17, 2024 Maturity Date June 18, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.3% or EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Equipment Financing Investment Date August 28, 2025 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 13.9%; EOT 7.0%2025-01-012025-12-310001786108United States Space Technology Kymeta Corporation Secured Loan Investment Date June 11, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2026-09-300001786108Portfolio Company Debt Securities- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Equipment Financing Investment Date September 12, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 3.0%2025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:WarrantMembertrin:KnockawayIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 30, 2034 Series Common Stock2025-12-310001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date June 27, 2024 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.2%; EOT 10.0%2026-09-300001786108United States Healthcare Technology Lightning Step Technologies, LLC Type of Investment Secured Loan Investment Date August 6, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 7.1%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date November 10, 2021 Expiration Date November 10, 2031 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date September 15, 2025 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2026-01-012026-09-300001786108Europe Consumer Products & Services Motorway Online, Ltd Secured Loan Investment Date December 23, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Base Rate + 7.9% or Floor rate 11.7%; EOT 2.8%2026-01-012026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date April 9, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Two Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 30, 2029 Series Common Stock2025-01-012025-12-310001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2024-04-230001786108Portfolio Company Debt Securities- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Secured Loan Investment Date August 7, 2025 Maturity Date December 31, 2029 Interest Rate Fixed interest rate 0.0%; EOT 0.0%2025-12-310001786108trin:SecuredNotesMember2026-09-300001786108us-gaap:WarrantMembertrin:OtherHealthcareServicesMembersrt:EuropeMember2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 13.8%; EOT 6.5%2025-01-012025-12-310001786108trin:SeaonGlobalLlcMembertrin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 29, 2027 Series Preferred Series C2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Tquila Automation, Inc Secured Loan Investment Date July 2, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.3%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date September 11, 2025 Series Preferred Series B-22025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date March 16, 2022 Maturity Date March 16, 2027 Series Class A Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date March 3, 2026 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-09-300001786108trin:Ept16LlcMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 7, 2023 Series Preferred Series AA-12026-01-012026-09-300001786108Affiliate Investments Nexii, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Two Type of Investment Warrant Investment Date August 3, 2021 Expiration Date December 31, 2031 Series Preferred Series CC2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date October 17, 2025 Series Series 2025-ST72025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date July 31, 2024 Expiration Date July 31, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date December 22, 2022 Expiration Date December 22, 2032 Series Common Stock2025-01-012025-12-310001786108United States Medical Devices Cala Health, Inc. Secured Loan Investment Date February 24, 2026 Maturity Date March 1, 2031 Interest Rate Variable interest rate Prime + 1.5% + PIK Fixed Interest Rate 1.5% or Floor rate 10.0%; EOT 4.5%2026-09-300001786108trin:CreditSuisseCreditFacilityMembertrin:SeniorSecuritiesMember2020-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date February 12, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.6%; EOT 3.0%2025-12-310001786108trin:September2029NotesMember2025-12-310001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AA-12025-01-012025-12-310001786108United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Secured Loan Investment Date June 26, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series 12026-09-300001786108United States Medical Devices Cagent Vascular, Inc. Secured Loan Investment Date January 24, 2025 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2026-09-300001786108trin:FinanceAndInsuranceMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.6%; EOT 15.0%2026-09-300001786108trin:EquityATMProgramMember2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 18, 2022 Expiration Date February 18, 2032 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Secured Loan Investment Date August 7, 2024 Maturity Date April 30, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 24, 2025 Series Class B Common Stock2025-12-310001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2022-01-012022-12-310001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembertrin:MapleRaptorAcquisitionIncDbaRentsyncMembercountry:CA2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 6, 2024 Series Class B Common Stock2026-01-012026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date August 27, 2026 Maturity Date November 1, 2026 Interest Rate Fixed interest rate 15.0%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital Adviser, LLC Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2026-01-012026-09-300001786108trin:FinancialTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Two Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 30, 2029 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Supply Chain Technology Inktavo, LLC Type of Investment Equity Investment Date October 15, 2025 Series Preferred Class A2025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date August 1, 2024 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date December 20, 2024 Expiration Date July 31, 2034 Series Common Stock2025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembertrin:MapleRaptorAcquisitionIncDbaRentsyncMembercountry:CA2026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Type of Investment Secured Loan Investment Date November 25, 2024 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.7%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Delphinus, Inc. Type of Investment Warrant Investment Date June 27, 2023 Expiration Date June 22, 2033 Series Preferred Series E2026-09-300001786108Europe Other Healthcare Services Zandivio PLC Secured Loan Investment Date October 30, 2024 Maturity Date May 1, 2029 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 13.8%; EOT 2.5%2026-01-012026-09-300001786108Bank of England Base Rate2026-09-300001786108trin:ArtificialIntelligenceAndInfrastructureMember2025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date September 10, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date December 10, 2021 Expiration Date December 10, 2031 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date September 25, 2020 Expiration Date September 25, 2030 Series Common Stock2025-12-310001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date September 10, 2026 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.3%; EOT 5.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 28, 2028 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Connectivity viaPhoton Inc. Type of Investment Equity Investment Date October 3, 2025 Series Preferred Series B-52025-12-310001786108Control Investments Direct Lending 2025 LLC2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Equity Investment Date April 13, 2026 Common Stock2026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date October 13, 2023 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-01-012025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2021-12-310001786108us-gaap:NonUsMember2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:TMRWLifeSciencesIncMembertrin:HealthcareTechnologyMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AA-12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Equity Investment Date January 30, 2024 Series Preferred Series C-12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Luxwall, Inc. Type of Investment Warrant Investment Date June 4, 2026 Expiration Date June 4, 2036 Series Common Stock2026-09-300001786108trin:SeriesANotesMember2026-09-300001786108Portfolio Company Equity Investments- United States Transportation Technology Autonomy Data Services, Inc. Type of Investment Equity Investment Date November 4, 2025 Series Preferred Series Pre-Seed 22025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Warrant Investment Date June 25, 2025 Expiration Date June 25, 2035 Series Class A Common Stock2026-01-012026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date September 13, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2026-01-012026-09-300001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 20272026-01-012026-09-300001786108United States Financial Technology PatientFi, Inc. Secured Loan Investment Date March 14, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2026-01-012026-09-300001786108trin:DebtATMProgramMembertrin:March2029NotesMember2025-07-012025-09-300001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date June 13, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-09-300001786108trin:PrivateOfferingsMembertrin:EquityInterestsMember2020-01-162020-01-160001786108United States Finance and Insurance Under Technologies, Inc. Type of Investment Secured Loan Investment Date September 13, 2024 Maturity Date June 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 12.0%; EOT 4.3%2025-12-310001786108Europe Healthcare Technology Unmind LTD Secured Loan Investment Date July 8, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.0%2026-01-012026-09-300001786108trin:D-WaveQuantumIncMemberus-gaap:DebtSecuritiesMembercountry:UStrin:ArtificialIntelligenceAIAutomationAndRoboticsMember2026-09-300001786108SOFR 1-Month Term Rate2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date December 31, 2021 Expiration Date December 31, 2031 Series Preferred Series C2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date October 30, 2025 Maturity Date November 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembertrin:SlopeTechIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- Europe Industrials Aledia, Inc. Type of Investment Warrant Investment Date March 31, 2022 Maturity Date March 31, 2032 Series Ordinary2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date December 12, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 14, 2020 Expiration Date February 14, 2030 Series Common Stock2025-12-310001786108trin:DigitalAssetsTechnologyAndServicesMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date February 16, 2024 Expiration Date February 16, 2034 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:TransportationTechnologyMembercountry:US2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMembersrt:MaximumMember2025-12-310001786108trin:EnergyAndResourceTechnologyMember2026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Secured Loan Investment Date April 10, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Shoulder Innovations, Inc. Type of Investment Warrant Investment Date August 7, 2023 Expiration Date August 7, 2033 Series Common Stock2026-09-300001786108trin:RealEstateTechnologyMembertrin:KnockawayIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:DebtSecuritiesMembercountry:UStrin:OtherHealthcareServicesMember2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date October 2, 2024 Series Preferred Series B-22025-01-012025-12-310001786108trin:DesertStarMember2026-09-300001786108trin:SeriesANotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Intelligent Brands, Inc. (f.k.a. PSB Holdings, Inc.) Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 5, 2027 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Warrant Investment Date July 14, 2023 Maturity Date July 14, 2033 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Cellares Corporation Type of Investment Warrant Investment Date August 2, 2024 Expiration Date August 2, 2034 Series Common Stock2026-01-012026-09-300001786108United States Connectivity Vertical Communications, Inc. Secured Loan Investment Date August 23, 2021 Maturity Date December 1, 2027 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 23.8%2026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Equity Investment Date November 1, 2021 Series Preferred Series B-12025-12-310001786108trin:FinancialTechnologyMemberus-gaap:EquitySecuritiesMembercountry:CA2026-09-300001786108United States Supply Chain Technology Macrofab, Inc. Secured Loan Investment Date July 21, 2023 Maturity Date August 1, 2027 Interest Rate PIK Variable interest rate Prime + 5.5% or Floor rate 13.3%; EOT 4.5%2026-01-012026-09-300001786108trin:BiotechnologyMember2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Kymeta Corporation Type of Investment Warrant Investment Date July 3, 2024 Expiration Date July 3, 2034 Series Common Stock2026-09-300001786108trin:ConnectivityMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108United States Finance and Insurance Wisetack, Inc. Type of Investment Secured Loan Investment Date November 14, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Impulse Space, Inc. Type of Investment Warrant Investment Date June 18, 2024 Expiration Date June 18, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- Europe Financial Technology Wayflyer Limited Type of Investment Equity Investment Date July 21, 2026 Series Preferred Series B-32026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date September 25, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2026-01-012026-09-300001786108United States Space Technology Hermeus Corporation Equipment Financing Investment Date May 22, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 11.3%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date January 6, 2025 Expiration Date March 28, 2034 Series Preferred Series 32025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date August 10, 2021 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date January 6, 2025 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date June 18, 2026 Maturity Date June 1, 2029 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2026-09-300001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date June 21, 2024 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-12-310001786108United States Financial Technology Mesa Financial, Inc. Secured Loan Investment Date August 29, 2024 Maturity Date April 29, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.3% or Floor rate 12.3%; EOT 0.0%2026-01-012026-09-300001786108trin:RealEstateTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date June 24, 2024 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 10.9%; EOT 7.5%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date June 24, 2024 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 10.9%; EOT 7.5%2025-01-012025-12-310001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date July 3, 2024 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date September 25, 2020 Expiration Date September 25, 2030 Series Common Stock2025-01-012025-12-310001786108us-gaap:NonUsMember2026-01-012026-09-300001786108trin:December2026NotesMember2025-07-012025-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Bestow, Inc. Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2036 Series Preferred Series C-22026-01-012026-09-300001786108Control and Affiliate Investments2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Two Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 30, 2029 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- Europe Other Healthcare Services Zandivio PLC Type of Investment Warrant Investment Date October 29, 2024 Maturity Date October 29, 2034 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- Europe Medical Devices CMR Surgical Limited Type of Investment Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Equity Investment Date December 30, 2024 Series Preferred Series D2026-01-012026-09-300001786108trin:IndustrialsMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:TransportationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies The Fynder Group, Inc. Type of Investment Warrant Investment Date October 14, 2020 Expiration Date October 14, 2030 Series Common Stock2026-09-300001786108Affiliate Investments Project Frog, Inc.2025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Equity Investment Date August 17, 2021 Series Common Stock2026-09-300001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date January 6, 2025 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-09-300001786108trin:FinancialTechnologyMember2025-12-310001786108us-gaap:WarrantMembertrin:IndustrialsMembercountry:US2025-12-310001786108United States Financial Technology Slope Tech, Inc. Secured Loan Investment Date October 5, 2022 Maturity Date February 27, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 11.8%; EOT 0.0%2026-09-300001786108United States Finance and Insurance Beam Technologies, Inc. Secured Loan Investment Date August 30, 2024 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 2.8% or Floor rate 11.0% + PIK Fixed Interest Rate 1.5%; EOT 2.0%2025-12-310001786108trin:O2025Q2DividendsMember2025-06-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date September 4, 2026 Expiration Date April 28, 2036 Series Common Stock2026-01-012026-09-300001786108United States Real Estate Technology Orchard Technologies, Inc. Secured Loan Investment Date January 27, 2026 Maturity Date January 1, 2030 Interest Rate Variable interest rate Prime + 0.0% or Floor rate 0.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2024 Expiration Date February 12, 2034 Series Preferred Series 12025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 18, 2028 Series Common Stock2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date June 21, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date September 23, 2026 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-09-300001786108Control Investments Trinity Capital Adviser, LLC2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date September 25, 2020 Expiration Date September 25, 2030 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 15, 2023 Series Preferred Series E-1D12025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 19, 2022 Maturity Date August 19, 2032 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembercountry:UStrin:WisetackIncMember2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation D-Wave Quantum Inc. Type of Investment Warrant Investment Date August 1, 2025 Expiration Date August 1, 2035 Series Common Stock2025-12-310001786108trin:MetabolonIncMemberus-gaap:DebtSecuritiesMembercountry:UStrin:OtherHealthcareServicesMember2026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date March 19, 2024 Series Preferred Series D2025-12-310001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembersrt:EuropeMember2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Cellares Corporation Type of Investment Warrant Investment Date August 2, 2024 Expiration Date August 2, 2034 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:HealthcareTechnologyMembersrt:EuropeMember2026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date July 12, 2024 MD August 1, 2029 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 14.0%; EOT 3.0%2026-09-300001786108Affiliate Investments Autonomy Data Services, Inc.2026-09-300001786108trin:SupplyChainTechnologyMember2026-09-300001786108Portfolio Company Equity Investments- United States Supply Chain Technology Inktavo, LLC Type of Investment Equity Investment Date October 15, 2025 Series Preferred Class A2026-01-012026-09-300001786108United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Secured Loan Investment Date January 1, 2024 Maturity Date January 1, 2029 Interest Rate Variable interest rate Prime + 10.0% or Floor rate 17.0%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Two Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series A-32026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Preferred Series E-12025-12-3100017861082020-01-160001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date December 6, 2023 Expiration Date December 6, 2033 Series Preferred Series AA2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:RealEstateTechnologyMembersrt:EuropeMember2026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Swimlane, Inc. Type of Investment Warrant Investment Date May 28, 2025 Expiration Date May 28, 2037 Series Preferred Series B2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Candel Therapeutics, Inc. Type of Investment Warrant Investment Date October 14, 2025 Expiration Date October 14, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Warrant Investment Date July 14, 2023 Maturity Date July 14, 2033 Series Common Stock2025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date March 30, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date July 18, 2025 Expiration Date August 1, 2034 Series Preferred Series A-32025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date December 11, 2023 Series Preferred Series B-12025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Convergent Dental, Inc. Type of Investment Warrant Investment Date April 21, 2023 Expiration Date April 21, 2033 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series B2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance PatientFi, Inc. Type of Investment Warrant Investment Date December 16, 2025 Expiration Date March 14, 2035 Series Preferred Series B2025-12-310001786108us-gaap:WarrantMembertrin:SlingshotAerospaceIncMembertrin:SpaceTechnologyMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:EducationTechnologyMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembersrt:MinimumMembertrin:ValuationTechniqueEnterpriseValueMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108trin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Type of Investment Warrant Investment Date February 14, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32026-01-012026-09-300001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date December 27, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108trin:TwoThousandNineteenRestrictedStockPlanMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date March 31, 2026 Maturity Date April 1, 2030 Interest Rate Fixed interest rate 12.2%; EOT 10.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Infravision Holdings Pty Ltd Type of Investment Warrant Investment Date August 31, 2026 Expiration Date August 31, 2026 Series Ordinary Shares2026-01-012026-09-300001786108trin:O2026M12DividendsMember2026-12-110001786108trin:O2025Q3DividendsMember2025-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date April 23, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-12-310001786108trin:SeriesANotesMembertrin:TrancheAMember2024-10-290001786108trin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 27, 2023 Expiration Date September 27, 2033 Series Preferred Series AA-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date December 22, 2022 Expiration Date December 22, 2032 Series Common Stock2025-12-310001786108trin:MedicalDevicesMembertrin:VitalConnectIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date July 25, 2024 Expiration Date July 25, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date January 6, 2025 Expiration Date March 28, 2034 Series Preferred Series 32026-09-300001786108United States Real Estate Technology Orchard Technologies, Inc. Secured Loan Investment Date January 27, 2026 Maturity Date January 31, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 8.0%2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date January 14, 2025 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.2%; EOT 6.0%2026-09-300001786108trin:JvPartnerMember2022-12-050001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 28, 2028 Series Common Stock2026-09-300001786108Control Investments Edeniq, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Under Technologies, Inc. Type of Investment Warrant Investment Date May 3, 2024 Expiration Date May 3, 2034 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MaximumMember2026-09-300001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Emergy, Inc. Type of Investment Equity Investment Date October 30, 2025 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembertrin:ValuationTechniqueTransactionsPrecedentMember2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Warrant Investment Date April 10, 2025 Expiration Date April 10, 2035 Series Common Stock2025-01-012025-12-310001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Uniphore Technologies Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date September 30, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Common Stock2026-01-012026-09-300001786108Affiliate Investments Nexii, Inc.2025-12-3100017861082024-06-300001786108Portfolio Company Debt Securities- Canada Construction Technology Nexii, Inc. Type of Investment Secured Loan Investment Date July 24, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:FootprintInternationalHoldingIncMembertrin:EnergyAndResourceTechnologyMembercountry:US2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date June 16, 2023 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.0%; EOT 10.0%2026-01-012026-09-300001786108srt:DirectorMembertrin:TwoThousandNineteenRestrictedStockPlanMember2026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date March 19, 2024 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Warrant Investments- Canada Financial Technology Koho Financial, Inc.Type of Investment Warrant Investment Date September 15, 2026 Expiration Date September 15, 2036 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Drone Racing League, Inc. Type of Investment Warrant Investment Date October 17, 2022 Expiration Date October 17, 2032 Series Common Stock2025-01-012025-12-310001786108us-gaap:AdditionalPaidInCapitalMember2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Cpacket Networks, Inc. Type of Investment Warrant Investment Date January 29, 2024 Expiration Date January 29, 2034 Series Class B Common Stock2025-01-012025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Uniphore Technologies Inc. Secured Loan Investment Date October 2, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock 12025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date July 12, 2024 Expiration Date July 12, 2036 Series Common Stock2026-01-012026-09-300001786108us-gaap:EquitySecuritiesMembercountry:CA2025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 15, 2024 Series Common Stock2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date May 16, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-01-012026-09-300001786108trin:EquityATMProgramMembersrt:MaximumMember2023-12-010001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital Adviser, LLC Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2025-01-012025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date August 6, 2026 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2026-09-300001786108trin:EyelitTechnologiesIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:KeyBankSecuredTermLoanFacilityMember2026-01-012026-09-300001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date June 4, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 11.8%; EOT 4.0%2026-09-300001786108United States Finance and Insurance Beam Technologies, Inc. Secured Loan Investment Date June 25, 2025 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 2.8% or Floor rate 11.0% + PIK Fixed Interest Rate 1.5%; EOT 2.0%2025-01-012025-12-310001786108us-gaap:DebtSecuritiesMembertrin:OtherHealthcareServicesMembersrt:EuropeMember2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies The Fynder Group, Inc. Type of Investment Warrant Investment Date October 14, 2020 Expiration Date October 14, 2030 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Warrant Investment Date October 28, 2022 Expiration Date October 28, 2032 Series Preferred Class B Units2025-01-012025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date March 28, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-01-012025-12-310001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenRestrictedStockPlanMember2025-01-012025-12-310001786108Europe Real Estate Technology Prospire Technologies LTD Secured Loan Investment Date January 29, 2026 Maturity Date February 1, 2030 Interest Rate Variable interest rate Base Rate + 8.5% or Floor rate 12.2%; EOT 2.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Iantrek, Inc. Type of Investment Warrant Investment Date April 14, 2026 Expiration Date April 14, 2036 Series Preferred Series C-32026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Under Technologies, Inc. Type of Investment Warrant Investment Date May 3, 2024 Expiration Date May 3, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Whoop, Inc. Type of Investment Warrant Investment Date May 17, 2023 Expiration Date May 17, 2033 Series Common Stock2025-12-310001786108Foreign Currency Forward Contracts Counterparty2025-12-310001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date July 18, 2025 Expiration Date August 1, 2034 Series Preferred Series A-32026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date November 10, 2021 Expiration Date November 10, 2031 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 29, 2023 Expiration Date September 29, 2033 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date September 21, 2026 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date December 1, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2026-01-012026-09-300001786108Control Investments Edeniq, Inc.2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date January 2, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date December 16, 2025 Maturity Date March 24, 2030 Series Ordinary2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date October 1, 2024 Expiration Date March 28, 2034 Series Preferred Series 32025-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date September 9, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.0%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Equity Investment Date December 30, 2024 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date August 9, 2022 Expiration Date August 9, 2032 Series Common Stock2025-12-310001786108United States Transportation Technology Get Spiffy, Inc. Type of Investment Secured Loan Investment Date July 14, 2023 Maturity Date January 14, 2028 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.3%; EOT 6.0%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembertrin:RinseIncMembercountry:US2026-09-300001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date August 25, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments – Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Warrant Investment Date December 23, 2035 Expiration Date December 23, 2026 Ordinary2025-12-310001786108trin:TransportationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date November 14, 2024 Expiration Date November 14, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date October 10, 2022 Expiration Date October 10, 2032 Series Preferred Series D2025-01-012025-12-310001786108United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Secured Loan Investment Date August 6, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series P2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Freddin Advisors Group LLC Type of Investment Warrant Investment Date June 15, 2022 Expiration Date June 15, 2032 Series Class B Units2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date September 10, 2026 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.3%; EOT 5.0%2026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date May 15, 2025 Maturity Date June 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date October 3, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Lucidworks, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 27, 2026 Series Preferred Series D2025-01-012025-12-310001786108United States Medical Devices Q'Apel Medical, Inc. Secured Loan Investment Date July 2, 2026 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.8%2026-01-012026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2023-01-012023-12-310001786108trin:CapTrinMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Silk Technologies, Inc. Type of Investment Warrant Investment Date November 4, 2024 Expiration Date November 4, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date March 18, 2022 Expiration Date March 18, 2032 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Industrials 3DEO, Inc. Type of Investment Warrant Investment Date February 23, 2022 Expiration Date February 23, 2032 Series Common Stock2025-12-310001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 27, 2025 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-01-012025-12-310001786108trin:August2026NotesMember2026-07-012026-09-300001786108United States Software as a Service ("SaaS") Consensus Sales, LLC Secured Loan Investment Date June 5, 2026 Maturity Date June 5, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 7.2%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Ambient Photonics, Inc. Type of Investment Warrant Investment Date July 27, 2022 Expiration Date July 27, 2032 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMember2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MinimumMember2025-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date June 4, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 11.8%; EOT 4.0%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Cpacket Networks, Inc. Secured Loan Investment Date January 29, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.3% or Floor rate 13.3% ;EOT 3.0%2026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Type of Investment Secured Loan Investment Date November 25, 2024 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.7%; EOT 0.0%2025-01-012025-12-310001786108trin:ConnectivityMember2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Warrant Investment Date December 14, 2022 Expiration Date December 14, 2032 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembersrt:MaximumMembertrin:ValuationTechniqueEnterpriseValueMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date January 12, 2024 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date January 15, 2026 Expiration Date October 31, 2034 Series Preferred Series C-22026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date June 26, 2026 Expiration Date June 26, 2038 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MinimumMember2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMembersrt:MaximumMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date September 25, 2026 Maturity Date March 31, 2030 Interest Rate Fixed interest rate 12.3%; EOT 5.0%2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Torus Inc. Type of Investment Equity Investment Date June 26,2026 Series Preferred Series C2026-09-300001786108trin:EquityATMProgramMembersrt:MaximumMember2024-08-230001786108Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Secured Loan Investment Date December 23, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Base Rate + 7.9% or Floor rate 11.7%; EOT 2.8%2025-12-310001786108us-gaap:OtherAssetsus-gaap:ForeignExchangeForwardMember2026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date October 3, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-09-300001786108trin:MultiSectorHoldingsMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments – Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Class B Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-12026-01-012026-09-300001786108United States Healthcare WorkWell Prevention & Care Inc. Type of Investment Secured Loan Investment Date December 31, 2022 Maturity Date January 1, 2027 Interest Rate Variable interest rate PRIME + 5.0% or Floor rate 6.0%; EOT 0.0%2025-12-310001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:LightforceOrthodonticsIncMembercountry:US2025-12-310001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 27, 2025 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-12-310001786108trin:HumanResourceTechnologyMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date September 25, 2026 Maturity Date March 31, 2030 Interest Rate Fixed interest rate 12.3%; EOT 5.0%2026-01-012026-09-300001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 13.8%; EOT 6.5%2025-12-310001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembersrt:MinimumMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMember2025-12-310001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series P2025-12-310001786108trin:AIAutomationAndRoboticsMemberus-gaap:WarrantMembercountry:US2026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date August 7, 2024 Maturity Date April 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Alt Platform Inc. Type of Investment Warrant Investment Date July 8, 2025 Expiration Date July 8, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 14, 2020 Expiration Date February 14, 2030 Series Common Stock2025-01-012025-12-310001786108trin:SevenPointZeroZeroNotesDue2025Member2020-01-160001786108us-gaap:WarrantMembertrin:InsuranceTechnologyMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:FinanceAndInsuranceMembercountry:US2025-12-310001786108trin:O2026M1DividendsMember2026-01-152026-01-150001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Type of Investment Warrant Investment Date February 14, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32025-12-310001786108trin:SeniorSecuritiesMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMember2026-01-012026-09-300001786108United States Finance and Insurance PatientFi, Inc. Type of Investment Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2025-12-310001786108Affiliate Investments Senior Credit Corp 2022 LLC2026-09-300001786108Portfolio Company Equity Investments- United States Artificial Intelligence & Automation Cabernet AI, Inc. Type of Investment Equity Investment Date February 27, 2025 Series SAFE Note2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date January 29, 2025 Maturity Date February 1, 2030 Interest Rate Fixed interest rate 12.5%; EOT 4.5%2025-12-310001786108us-gaap:EquitySecuritiesMember2025-12-310001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2024-12-310001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Preferred Series AA-12026-01-012026-09-300001786108Affiliate Investments Trinity Capital SBIC LP2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Lendflow, Inc. Type of Investment Secured Loan Investment Date April 24, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2025-12-310001786108trin:O2026M8DividendsMember2026-08-140001786108Affiliate Investments GoFor Delivers, Inc.2026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Secured Loan Investment Date April 10, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 24, 2029 Series Common Stock2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:HumanResourceTechnologyMembercountry:US2025-12-310001786108trin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date June 23, 2026 Maturity Date December 31, 2026 Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%2026-01-012026-09-300001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date March 24, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2030 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-12-310001786108trin:OneMillionMetricsMemberus-gaap:WarrantMembertrin:InsuranceTechnologyMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation D-Wave Quantum Inc. Type of Investment Warrant Investment Date August 1, 2025 Expiration Date August 1, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Uveye, Inc. Type of Investment Equity Investment Date August 3, 2026 Series Preferred Series E-12026-01-012026-09-300001786108trin:SeriesATwoThousandTwentySevenNotesMember2024-10-290001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date January 2, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-12-310001786108trin:NonControlNonAffiliateInvestmentsMember2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Gtxcel, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date August 30, 2026 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology PurpleLab, Inc. Type of Investment Warrant Investment Date September 24, 2025 Expiration Date September 24, 2035 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date February 26, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Clinton Hill Assets SPV LLC Type of Investment Warrant Investment Date July 27, 2026 Expiration Date July 27, 2036 Series Common Stock2026-01-012026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Dynamics, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series A2026-09-300001786108Portfolio Company Debt Securities- Canada Construction Technology Nexii, Inc. Type of Investment Secured Loan Investment Date July 24, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-12-310001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 30, 2024 Series Preferred Series B2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date August 2, 2024 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 12.0%; EOT 4.5%2025-01-012025-12-310001786108trin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:UStrin:WisetackIncMember2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date September 29, 2022 Maturity Date September 29, 2027 Series Preferred Series A-22026-01-012026-09-300001786108trin:AIAutomationAndInfrastructureMembertrin:QumulusAIIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2026-09-300001786108trin:May2031NotesMember2026-07-012026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date January 14, 2025 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.2%; EOT 6.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Education Technology iTutor.com, Inc. Type of Investment Equity Investment Date March 9, 2026 Series Preferred Series A-22026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date February 16, 2024 Expiration Date February 16, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 7, 2023 Series Preferred Series AA-12025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:WeightedAverageMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2023-01-012023-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance DailyPay, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2025-12-310001786108United States Artificial Intelligence & Automation K2View Inc. Secured Loan Investment Date May 30, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 2.5%2025-01-012025-12-310001786108SOFR 3-Month Term Rate2025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date September 25, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date December 14, 2021 Maturity Date December 14, 2026 Series Class A Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 26, 2025 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date January 19, 2024 Expiration Date January 19, 2034 Series Preferred Series D-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology PatientFi, Inc. Type of Investment Warrant Investment Date March 14, 2025 Expiration Date March 14, 2035 Series Preferred Series B2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Uniphore Technologies Inc. Secured Loan ID September 30, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMember2020-01-012020-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date June 26, 2025 Expiration Date June 26, 2035 Series Common Stock One2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. One Type of Investment Warrant Investment Date April 1, 2021 Expiration Date April 1, 2031 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date December 23, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.3%; EOT 4.0%2026-01-012026-09-300001786108trin:TwoThousandTwentyFiveNotesMember2025-01-012025-09-300001786108us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:StockOptionMember2025-03-142025-03-140001786108Portfolio Company Warrant Investments- United States Human Resource Technology BetterLeap, Inc. Type of Investment Warrant Investment Date April 20, 2022 Expiration Date April 20, 2032 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date March 16, 2023 Series Preferred Series 12025-01-012025-12-310001786108exch:XNYSus-gaap:CommonClassAMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Digital Assets Technology and Services Inca Digital, Inc. Type of Investment Secured Loan Investment Date December 2, 2025 Maturity Date December 2, 2026 Interest Rate Fixed interest rate 12.5%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date September 11, 2026 Expiration Date July 24, 2036 Series Common Stock2026-01-012026-09-3000017861082023-01-012023-12-310001786108trin:RealEstateTechnologyMemberus-gaap:WarrantMembertrin:OrchardTechnologiesIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date May 16, 2025 Expiration Date June 21, 2034 Series Common Stock2026-09-300001786108United States Artificial Intelligence & Automation Cirrascale Cloud Services, LLC Equipment Financing Investment Date June 27, 2024 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 12.7%; EOT 4.0%2025-12-310001786108trin:August2026NotesMemberus-gaap:UnsecuredDebtMember2021-08-240001786108Control Investments Knockaway, Inc.2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2024 Expiration Date February 12, 2034 Series Preferred Series 12026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Member2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date May 9, 2025 Series Preferred Series C2026-01-012026-09-300001786108Europe Financial Technology Wayflyer Limited Secured Loan Investment Date June 9, 2026 Maturity Date August 1, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.7%; EOT 4.3%2026-01-012026-09-3000017861082025-10-012025-12-310001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date June 16, 2023 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.0%; EOT 10.0%2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date May 7, 2026 Maturity Date June 1, 2029 Interest Rate Fixed interest rate 11.4%; EOT 1.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2022-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Inktavo, LLC Type of Investment Secured Loan Investment Date October 15, 2025 Maturity Date October 15, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.8%; EOT 0.0%2025-01-012025-12-310001786108United States Finance and Insurance Lendflow, Inc. Secured Loan Investment Date December 15, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date September 22, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Warrant Investment Date May 10, 2022 Expiration Date May 10, 2032 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 16, 2024 Series Preferred Series BB2026-01-012026-09-300001786108us-gaap:WarrantMembercountry:UStrin:MarketingMediaAndEntertainmentMember2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Series C-22025-01-012025-12-310001786108Affiliate Investments Autonomy Data Services, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Firefly Systems, Inc. Type of Investment Warrant Investment Date January 29, 2020 Expiration Date January 29, 2030 Series Common Stock2025-12-310001786108United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Secured Loan Investment Date January 30, 2023 Maturity Date December 5, 2028 Interest Rate Fixed interest rate 8.5%; EOT 0.0%2026-01-012026-09-300001786108trin:PatientFiIncMembertrin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date August 26, 2026 Expiration Date August 26, 2036 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date February 1, 2021 Maturity Date September 1, 2027 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC) Type of Investment Equity Investment Date June 28, 2024 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Uniphore Technologies Inc. Type of Investment Warrant Investment Date September 30, 2025 Expiration Date September 30, 2035 Series Common Stock2026-09-300001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date July 3, 2024 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Form Energy Inc. Type of Investment Warrant Investment Date October 21, 2024 Expiration Date October 21, 2034 Series Common Stock2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMember2026-09-300001786108trin:PathRoboticsIncMemberus-gaap:DebtSecuritiesMembercountry:UStrin:ArtificialIntelligenceAIAutomationAndRoboticsMember2026-09-300001786108us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Two Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series A-32025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Secured Loan Investment Date April 30, 2026 Maturity Date April 30, 2027 Interest Rate Fixed interest rate 8.0%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date December 10, 2021 Expiration Date December 10, 2031 Series Preferred Series C2025-01-012025-12-310001786108us-gaap:AdditionalPaidInCapitalMember2025-09-300001786108us-gaap:WarrantMembercountry:CA2026-09-300001786108trin:InvestmentAffiliatedIssuerOneMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date September 29, 2022 Maturity Date September 29, 2027 Series Preferred Series A-22025-01-012025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date September 4, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 6, 2026 Series Preferred Series D-22025-01-012025-12-310001786108us-gaap:EquitySecuritiesMember2026-09-300001786108trin:O2026M9DividendsMember2026-09-102026-09-100001786108Portfolio Company Warrant Investments- United States Finance and Insurance Kafene, Inc. Type of Investment Warrant Investment Date January 5, 2024 Expiration Date January 5, 2034 Series Common Stock2025-12-310001786108United States Financial Technology Kard Financial, Inc. Secured Loan Investment Date May 28, 2026 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date July 5, 2022 Series Preferred Series E-1D2026-09-300001786108United States Finance and Insurance Parafin SPV 3, LLC Type of Investment Secured Loan Investment Date July 25, 2024 Maturity Date January 25, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 13.8%; EOT 0.0%2025-12-310001786108us-gaap:RetainedEarningsMember2026-01-012026-09-300001786108United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Secured Loan Investment Date June 26, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.0%2026-09-300001786108trin:Ept16LlcMember2026-01-012026-09-300001786108trin:OtherHealthcareServicesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date December 6, 2023 Expiration Date December 6, 2033 Series Preferred Series AA2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Kafene, Inc. Type of Investment Warrant Investment Date January 5, 2024 Expiration Date January 15, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date July 31, 2025 Expiration Date May 7, 2035 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 14, 2035 Series Preferred Series C-12026-09-300001786108Portfolio Company Equity Investments- United States Education Technology iTutor.com, Inc. Type of Investment Equity Investment Date March 9, 2026 Series Preferred Series 1B-12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Insurance Technology Centivo Corporation Type of Investment Equity Investment Date December 20, 2024 Series Preferred Series B-12026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Equity Investment Date December 30, 2024 Series Preferred Series D2025-12-310001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 22, 2024 Maturity Date August 22, 2034 Series Common Stock2026-09-300001786108United States Finance and Insurance Alt Lending SPV II, LLC Secured Loan Investment Date July 8, 2025 Maturity Date July 8, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.0%; EOT 0.0%2025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2024-01-012024-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date November 19, 2025 Series Series 2025-ST82026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Apiject Holdings, Inc. Type of Investment Warrant Investment Date June 24, 2024 Expiration Date June 24, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date January 22, 2021 Series Preferred Series B2025-12-310001786108trin:ControlAndAffiliateInvestmentsOneMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Warrant Investment Date March 9, 2021 Expiration Date March 9, 2031 Series Preferred Series A-1A2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:EdeniqIncMembertrin:EnergyAndResourceTechnologyMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembercountry:CA2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Apiject Holdings, Inc. Type of Investment Warrant Investment Date June 24, 2024 Expiration Date June 24, 2034 Series Common Stock2025-01-012025-12-310001786108United States Medical Devices Okami Medical, Inc. Secured Loan Investment Date June 24, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 14, 2020 Expiration Date February 14, 2030 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Intelligent Brands, Inc. (f.k.a. PSB Holdings, Inc.) Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 5, 2027 Series Common Stock2025-01-012025-12-310001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date February 12, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.6%; EOT 3.0%2026-09-300001786108trin:March2029NotesMember2024-03-282024-03-280001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 28, 2028 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2026-09-300001786108Portfolio Company Debt Securities- United States Digital Assets Technology and Services Inca Digital, Inc. Type of Investment Secured Loan Investment Date December 2, 2025 Maturity Date December 2, 2026 Interest Rate Fixed interest rate 12.5%; EOT 0.0%2025-12-310001786108trin:TMRWLifeSciencesIncMembertrin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Financial Technology Kard Financial, Inc. Secured Loan Investment Date May 28, 2026 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Warrant Investment Date August 30, 2023 Expiration Date August 30, 2033 Series Common Stock2026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date December 27, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.9%; EOT 3.0%2026-01-012026-09-300001786108United States Transportation Technology Zuum Transportation, Inc. Type of Investment Secured Loan Investment Date December 17, 2021 Maturity Date January 1, 2027 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 10.8%; EOT 2.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Upward Health, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Class A Common Stock2026-09-300001786108trin:ConsumerProductsServicesMember2025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date June 3, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Warrant Investment Date September 12, 2025 Expiration Date September 12, 2035 Series Common Stock2025-12-310001786108trin:MountainAmericaMember2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date September 13, 2022 Expiration Date September 13, 2032 Series Common Units2026-01-012026-09-300001786108United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date June 25, 2026 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date May 27, 2022 Series Common Stock2025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2024-12-310001786108trin:ConstructionTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108trin:EnergyAndResourceTechnologyMembertrin:FormEnergyIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Control Investments Direct Lending 2025 LLC2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 12, 2022 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 9.0%; EOT 10.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMember2026-09-300001786108CORRA 3-Month Term Rate2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date July 25, 2025 Series SPV Member Units2026-09-300001786108trin:SanDiegoOfficeMember2026-09-300001786108trin:July2030NotesMembertrin:SeniorSecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date June 9, 2024 Series Class B Common Stock2026-01-012026-09-300001786108Control Investments Knockaway, Inc.2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Restor3d, Inc. Type of Investment Secured Loan Investment Date June 4, 2024 Maturity Date July 4, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.3%2025-01-012025-12-310001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date April 29, 2022 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date March 28, 2024 Expiration Date March 28, 2034 Series Preferred Series 32025-01-012025-12-310001786108trin:FinanceAndInsuranceMembertrin:CherryTechnologiesIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Healthcare Technology Pearl Health, Inc. Secured Loan Investment Date June 17, 2026 Maturity Date July 1, 2031 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 12.0%; EOT 2.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2023-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Boosted eCommerce, Inc. Type of Investment Warrant Investment Date December 14, 2020 Expiration Date December 14, 2030 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Secured Loan Investment Date October 2, 2024 Maturity Date October 2, 2026 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Cala Health, Inc. Type of Investment Warrant Investment Date February 24, 2026 Expiration Date February 24, 2036 Series Preferred Series C-12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date July 18, 2025 Expiration Date August 1, 2034 Series Preferred Series A-32025-01-012025-12-310001786108United States Consumer Products & Services Clutch, Inc. Secured Loan Investment Date June 30, 2026 Maturity Date June 30, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.2%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Convergent Dental, Inc. Type of Investment Warrant Investment Date April 21, 2033 Expiration Date April 21, 2033 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 7, 2025 Series Preferred Series E-12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date April 13, 2023 Expiration Date April 13, 2033 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 15, 2024 Series Common Stock2025-12-310001786108United States Financial Technology PatientFi, Inc. Secured Loan Investment Date March 14, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date October 1, 2024 Expiration Date March 28, 2034 Series Preferred Series 32025-01-012025-12-310001786108United States Medical Devices Elucent Medical, Inc. Type of Investment Secured Loan Investment Date October 31, 2024 Maturity Date November 30, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.3%2025-12-310001786108trin:UnderTechnologiesIncMembertrin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:DebtSecuritiesMembertrin:SupplyChainTechnologyMembercountry:CA2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Crowdtap, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 11, 2027 Series Preferred Series B2026-09-300001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date June 29, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-09-300001786108trin:CurrencyRiskMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date February 23, 2022 Maturity Date February 23, 2027 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology PatientFi, Inc. Type of Investment Warrant Investment Date December 16, 2025 Expiration Date March 14, 2035 Series Preferred Series B2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date June 12, 2024 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date February 16, 2024 Expiration Date February 16, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 20, 2024 Series Class B Common Stock2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2026-09-300001786108us-gaap:WarrantMembersrt:EuropeMembertrin:OtherHealthcareServicesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2025-01-012025-12-310001786108trin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:August2026NotesMember2025-07-012025-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMember2025-12-310001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2025-01-012025-12-310001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Type of Investment Secured Loan Investment Date December 23, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2025-01-012025-12-3100017861082022-12-052022-12-050001786108us-gaap:OverAllotmentOptionMember2020-01-292020-01-290001786108Portfolio Company Warrant Investments- United States Space Technology Impulse Space, Inc. Type of Investment Warrant Investment Date June 18, 2024 Expiration Date June 18, 2034 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:HealthcareTechnologyMembersrt:EuropeMember2025-12-310001786108Portfolio Company Warrant Investments- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 30, 2028 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance PatientFi, Inc. Type of Investment Warrant Investment Date March 14, 2025 Expiration Date March 14, 2035 Series Preferred Series B2025-12-310001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date March 3, 2023 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-01-012025-12-310001786108us-gaap:WarrantMembersrt:EuropeMember2025-12-310001786108trin:BeamTechnologiesIncMembertrin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Affiliate Investments Project Frog, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Warrant Investment Date June 25, 2025 Expiration Date June 25, 2035 Series Class A Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Openly Holdings Corp. Type of Investment Equity Investment Date May 9, 2023 Series Preferred Series D-12025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Equity Investment Date January 30, 2023 Series Member Interest2026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2025-12-310001786108Affiliate Investments Nomad Health, Inc.2024-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 16, 2024 Series Preferred Series C2025-01-012025-12-310001786108trin:July2030NotesMember2026-01-012026-09-300001786108trin:SBICLPMember2026-09-300001786108United States Supply Chain Technology Inktavo, LLC Secured Loan Investment Date October 15, 2025 Maturity Date October 15, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Desert Star 2026 LLC Type of Investment Equity Investment Date September 25, 2026 Series Member Interest2026-09-300001786108United States Finance and Insurance Mesa Financing I, LLC Secured Loan Investment Date May 7, 2025 Maturity Date May 7, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date May 5, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. One Type of Investment Warrant Investment Date September 23, 2024 Expiration Date September 23, 2034 Series Common Stock2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMember2025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date December 20, 2024 Expiration Date July 31, 2034 Series Common Stock2026-01-012026-09-300001786108trin:TwoThousandTwentyFiveNotesMember2022-07-270001786108Portfolio Company Equity Investments- United States Transportation Technology Autonomy Data Services, Inc. Type of Investment Equity Investment Date November 4, 2025 Series Preferred Series Pre-Seed 22026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date October 9, 2025 Series Preferred Series 82025-12-310001786108Bank of England Base Rate2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital Adviser, LLC Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Cherry Technologies, Inc. Type of Investment Secured Loan Investment Date March 29, 2024 Maturity Date April 1, 2030 Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date September 25, 2024 Expiration Date August 6, 2034 Series Preferred Series D2025-12-310001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Equity Investment Date August 1, 2024 Class B Units2026-09-300001786108us-gaap:EquityFundsMembertrin:TrinityInvestorJVILLCMember2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Warrant Investment Date September 12, 2025 Expiration Date September 12, 2035 Series Common Stock2025-01-012025-12-310001786108trin:PrivateCommonStockOfferingsMember2020-01-162020-01-160001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date September 10, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date May 7, 2026 Maturity Date June 1, 2029 Interest Rate Fixed interest rate 11.4%; EOT 1.0%2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equity Investment Date April 6, 2023 Series Preferred Series C2026-09-300001786108Portfolio Company Equity Investments- Canada Construction Technology Nexii, Inc. Type of Investment Equity Investment Date July 24, 2024 Series Preferred Series A-1 One2025-12-310001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Preferred Series AAA2026-09-300001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date December 23, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.3%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date March 29, 2022 Series Preferred Series A-42025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Maior AI, Inc. Type of Investment Warrant Investment Date August 24, 2026 Expiration Date August 24, 2036 Series Common Stock2026-01-012026-09-300001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date February 1, 2021 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2025-01-012025-12-310001786108trin:CellaresCorporationMemberus-gaap:DebtSecuritiesMembercountry:UStrin:OtherHealthcareServicesMember2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date April 29, 2024 Series Preferred Series B-12026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital SBIC LP Type of Investment Equity Investment Date April 2, 2026 Series Member Interest2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date February 23, 2022 Maturity Date February 23, 2027 Series Class A Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS Consensus Sales, LLC Type of Investment Equity Investment Date July 16, 2026 Series Class F Units2026-01-012026-09-300001786108trin:DirectLendingMember2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance PatientFi, Inc. Type of Investment Warrant Investment Date March 14, 2025 Expiration Date March 14, 2035 Series Preferred Series B2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date December 31, 2021 Expiration Date December 31, 2031 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Under Technologies, Inc. Type of Investment Warrant Investment Date May 3, 2024 Expiration Date May 3, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financial, Inc. Type of Investment Warrant Investment Date August 29, 2024 Expiration Date August 29, 2034 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Warrant Investment Date April 29, 2022 Expiration Date April 29, 2032 Series Class A Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date May 27, 2025 Expiration Date May 27, 2035 Series Common Stock2025-12-310001786108United States Medical Devices Elucent Medical, Inc. Type of Investment Secured Loan Investment Date October 31, 2024 Maturity Date November 30, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.3%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Secured Loan Investment Date April 30, 2026 Maturity Date April 30, 2027 Interest Rate Fixed interest rate 8.0%; EOT 0.0%2026-01-012026-09-300001786108trin:SixPointZeroZeroPercentageConvertibleNotesDueTwoThousandTwentyFiveMember2020-12-110001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Direct Lending 2025 LLC Type of Investment Equity Investment Date September 24, 2025 Series Member Interest2025-01-012025-12-310001786108United States Artificial Intelligence & Automation Uniphore Technologies Inc. Secured Loan Investment Date October 2, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date September 29, 2022 Maturity Date September 29, 2027 Series Preferred Series A-22025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date July 17, 2026 Expiration Date August 25, 2035 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Kard Financial, Inc. Type of Investment Warrant Investment Date September 10, 2025 Expiration Date September 10, 2035 Series Common Stock2025-12-310001786108United States Financial Technology Alt Lending SPV II, LLC Secured Loan Investment Date July 8, 2025 Maturity Date July 8, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.0%; EOT 0.0%2026-09-300001786108trin:HumanResourceTechnologyMembertrin:NomadHealthIncMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Warrant Investment Date October 13, 2023 Expiration Date October 13, 2033 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 18, 2028 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-12025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Secured Loan Investment Date November 4, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- Europe Industrials Aledia, Inc. Type of Investment Warrant Investment Date March 31, 2022 Maturity Date March 31, 2032 Series Ordinary2026-01-012026-09-300001786108United States Biotechnology Taysha Gene Therapies, Inc. Secured Loan Investment Date August 7, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 5.0%2025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Equity Investment Date December 30, 2024 Series Preferred Series D2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 30, 2034 Series Common Stock2025-01-012025-12-310001786108trin:O2025Q2DividendsMember2025-04-012025-06-300001786108Affiliate Investments Emergy, Inc.2025-01-012025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date March 30, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108trin:NewJVPartnerMember2026-01-210001786108Portfolio Company Debt Securities- United States Finance and Insurance Inshur, Inc. Type of Investment Secured Loan Investment Date June 10, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 2.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2025 Expiration Date February 12, 2034 Series Preferred Series 12025-01-012025-12-310001786108trin:DesertStar2026LLCMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date March 16, 2022 Maturity Date March 16, 2027 Series Class A Common Stock2026-01-012026-09-300001786108Control Investments Project Frog, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Warrant Investment Date April 8, 2022 Expiration Date April 8, 2034 Series Preferred Series A2026-09-300001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2026-09-300001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Secured Loan Investment Date April 28, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings CapTrin Partners, LLC Type of Investment Equity Investment Date April 22, 2026 Series Member Interest2026-09-300001786108Affiliate Investments GoFor Delivers, Inc.2025-12-310001786108us-gaap:AdditionalPaidInCapitalMember2025-01-012025-09-300001786108trin:DebtATMProgramMembertrin:March2029NotesMember2025-01-012025-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Swimlane, Inc. Secured Loan Investment Date May 28, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.3%2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Common Stock2025-12-310001786108United States Software as a Service ("SaaS") Axosoft, LLC (dba GitKraken) Secured Loan Investment Date September 3, 2026 Maturity Date September 3, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-09-300001786108United States Artificial Intelligence & Automation Cirrascale Cloud Services, LLC Equipment Financing Investment Date October 22, 2024 Maturity Date April 1, 2027 Interest Rate Fixed interest rate 10.2%; EOT 5.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States SaaS OrgChart, LLC Type of Investment Equity Investment Date February 4, 2026 Series Class A Common Units2026-09-300001786108trin:SupplyChainTechnologyMemberus-gaap:EquitySecuritiesMembercountry:CA2026-09-300001786108srt:DirectorMembertrin:AmendmentNo2To2019Non-EmployeeDirectorRestrictedStockPlanMember2026-04-270001786108trin:ControlAndAffiliateInvestmentsOneMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services SI Tickets, Inc. Type of Investment Warrant Investment Date May 11, 2022 Expiration Date May 11, 2032 Series Common Stock2025-12-310001786108Canada Space Technology Earthdaily Constellation Holdings, LP Equipment Financing Investment Date August 28, 2025 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 13.9%; EOT 7.0%2026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Industrials 3DEO, Inc. Type of Investment Equipment Financing Investment Date February 1, 2025 Maturity Date February 1, 2028 Interest Rate Fixed interest rate 0.1%; EOT 2.2%2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series C2025-12-310001786108trin:PrivateConvertibleNoteOfferingMembertrin:SixPointZeroZeroPercentageConvertibleNotesDueTwoThousandTwentyFiveMember2020-12-110001786108trin:August2026NotesMember2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date February 23, 2022 Maturity Date February 23, 2027 Series Class A Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date May 20, 2025 Expiration Date July 31, 2034 Series Common Stock2025-01-012025-12-310001786108United States Medical Devices Route 92 Medical, Inc. Secured Loan Investment Date September 29, 2026 Maturity Date September 29, 2031 Interest Rate Variable interest rate Prime + 0.0% + PIK 3.25% or Floor rate 10.0%; EOT 3.5%2026-09-300001786108trin:MedicalDevicesMembertrin:ApijectHoldingsIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date June 3, 2022 Series Preferred Series A2026-09-300001786108us-gaap:CommonStockMember2026-07-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembercountry:CA2026-09-300001786108United States Finance and Insurance Beam Technologies, Inc. Secured Loan Investment Date August 30, 2024 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 2.8% or Floor rate 11.0% + PIK Fixed Interest Rate 1.5%; EOT 2.0%2025-01-012025-12-310001786108us-gaap:CommonStockMember2025-09-300001786108trin:HumanResourceTechnologyMemberus-gaap:DebtSecuritiesMembertrin:NomadHealthIncMembercountry:US2026-09-300001786108trin:DesertStar2026LLCMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equity Investment Date April 14, 2025 Series Preferred Series A-22025-01-012025-12-310001786108trin:MedicalDevicesMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date April 29, 2024 Series Preferred Series B-12026-01-012026-09-300001786108us-gaap:WarrantMember2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Warrant Investment Date May 10, 2022 Expiration Date May 10, 2032 Series Preferred Series C2026-09-300001786108trin:SeriesANotesMember2025-12-310001786108United States Finance and Insurance Mesa Financial, Inc. Secured Loan Investment Date August 29, 2024 Maturity Date February 28, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.3% or Floor rate 12.3%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Whoop, Inc. Type of Investment Warrant Investment Date May 17, 2023 Expiration Date May 17, 2033 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Iantrek, Inc. Type of Investment Warrant Investment Date April 14, 2026 Expiration Date April 14, 2036 Series Preferred Series C-32026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 10, 2023 Expiration Date August 10, 2033 Series Preferred Series C2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Equity Investment Date June 20, 2023 Series Preferred Series A-32025-01-012025-12-310001786108trin:DistributionReinvestmentPlanMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date March 16, 2022 Series Preferred Senior Series 62025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series BB2026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 31, 2026 Series Series 2026-ST42026-09-300001786108Portfolio Company Equity Investments- United States AI Infrastructure Trin H OpCo I LLC Type of Investment Equity Investment Date April 28, 2026 Series Member Interest2026-01-012026-09-3000017861082025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Education Technology Edblox, Inc. Type of Investment Secured Loan Investment Date March 19, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 6.5% or Floor rate 13.8%; EOT 2.5%2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date December 26, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-1 One2026-09-300001786108Portfolio Company Debt Securities- Europe Medical Devices CMR Surgical Limited Type of Investment Secured Loan Investment Date March 24, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Ambient Photonics, Inc. Type of Investment Warrant Investment Date July 27, 2022 Expiration Date July 27, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Restor3d, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Preferred Series A2025-01-012025-12-310001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:EquityFundsMembersrt:MinimumMember2026-09-300001786108Portfolio Company Equity Investments- Canada Construction Technology Nexii, Inc. Type of Investment Equity Investment Date July 24, 2024 Series Preferred Series A-12025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date September 13, 2022 Expiration Date September 13, 2032 Series Common Stock Units2025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Dynamics, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series A2025-01-012025-12-310001786108trin:WorkWellPreventionAndCareIncMembertrin:HealthcareTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Thrivory, Inc. Type of Investment Warrant Investment Date September 9, 2025 Expiration Date September 9, 2035 Series Common Stock2026-09-300001786108Control Investments Vertical Communications, Inc.2025-01-012025-12-310001786108trin:KymetaCorporationMembertrin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Equipment Financing Investment Date September 12, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 3.0%2026-01-012026-09-300001786108United States Finance and Insurance Wisetack, Inc. Type of Investment Secured Loan Investment Date November 14, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series BB2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date November 29, 2021 Expiration Date November 29, 2031 Series Preferred Series D2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date April 20, 2028 Series Preferred Series C2025-01-012025-12-310001786108us-gaap:RetainedEarningsMember2026-09-300001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date February 28, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date February 26, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Equity Investment Date August 3, 2026 Series Preferred Series D2026-01-012026-09-300001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date April 24, 2024 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date August 14, 2026 Expiration Date April 28, 2036 Series Common Stock2026-09-300001786108United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Secured Loan Investment Date April 20, 2022 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 7.3% or Floor rate 10.5%; EOT 3.5%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date December 22, 2023 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies The Fynder Group, Inc. Type of Investment Warrant Investment Date October 14, 2020 Expiration Date October 14, 2030 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Equity Investment Date September 17, 2025 Series SAFE Note2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Warrant Investment Date June 4, 2024 Maturity Date June 4, 2034 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Preferred Series CC2026-09-300001786108trin:EnergyAndResourceTechnologyMembertrin:CommonwealthFusionSystemsLLCMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date July 25, 2024 Expiration Date July 25, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 16, 2024 Expiration Date September 16, 2034 Series Preferred Series BB2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:LarkTechnologiesIncMembertrin:HealthcareTechnologyMembercountry:US2026-09-300001786108United States Real Estate Technology Knockaway Trinity Holdings, LLC Secured Loan Investment Date December 6, 2023 Maturity Date December 27, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 9.3% or Floor rate 13.8%; EOT 0.0%2026-09-300001786108us-gaap:RetainedEarningsMember2025-01-012025-09-300001786108United States Medical Devices Neuros Medical, Inc. Secured Loan Investment Date December 11, 2025 Maturity Date January 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 4.0%2026-09-300001786108CORRA 3-Month Term Rate2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Equity Investment Date August 19, 2021 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Equity Investment Date July 5, 2023 Series Preferred Series E-12026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Firefly Systems, Inc. Type of Investment Warrant Investment Date January 29, 2020 Expiration Date January 29, 2030 Series Common Stock2025-01-012025-12-310001786108trin:CreditSuisseCreditFacilityMembertrin:SeniorSecuritiesMember2021-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date June 18, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2025-01-012025-12-310001786108trin:StockRepurchaseProramMember2024-11-072024-11-070001786108trin:ConnectivityMember2025-12-310001786108us-gaap:WarrantMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 10, 2033 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series SAFE Note2025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity viaPhoton, Inc. Type of Investment Warrant Investment Date March 31, 2022 Expiration Date March 31, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Drone Racing League, Inc. Type of Investment Warrant Investment Date October 17, 2022 Expiration Date October 17, 2032 Series Common Stock2026-09-300001786108us-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date July 17, 2026 Expiration Date August 25, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date April 13, 2023 Expiration Date April 13, 2033 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date April 17, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date March 18, 2022 Expiration Date March 18, 2032 Series Common Stock2025-12-310001786108trin:SeriesANotesMembertrin:TrancheBMember2024-10-290001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. One Type of Investment Warrant Investment Date September 23, 2024 Expiration Date September 23, 2034 Series Common Stock2025-12-310001786108Affiliate Investments Nexii, Inc.2026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2022-01-012022-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Equity Investment Date August 19, 2021 Series Preferred Series D2026-09-300001786108trin:O2025Q4DividendsMember2025-12-310001786108us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertrin:KeyBankCreditFacilityMembersrt:MinimumMember2021-10-272021-10-270001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date April 28, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-01-012026-09-300001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Secured Loan Investment Date September 8, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Equity Investment Date June 20, 2023 Series Preferred Series A-32025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date November 10, 2021 Expiration Date November 10, 2031 Series Common Stock2025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date December 31, 2021 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Secured Loan Investment Date August 8, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date February 1, 2024 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 16, 2024 Series Preferred Series C2026-01-012026-09-300001786108United States Financial Technology Lendflow, Inc. Secured Loan Investment Date December 15, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Inshur, Inc. Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Common Stock2026-01-012026-09-300001786108United States Biotechnology Candel Therapeutics, Inc. Secured Loan Investment Date October 14, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 9.8%; EOT 4.3%2026-01-012026-09-300001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2024-01-012024-12-3100017861082025-02-200001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Super73, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Tquila Automation, Inc Type of Investment Warrant Investment Date July 2, 2025 Expiration Date July 2, 2037 Series Common Stock2026-01-012026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2025-01-012025-12-310001786108United States AI Infrastructure QumulusAI, Inc Equipment Financing Investment Date August 19, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 8.3%; EOT 9.5%2026-09-300001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2025-12-310001786108trin:HealthcareTechnologyMembertrin:EmeraldCloudLabIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108trin:SeriesANotesMembertrin:TrancheCMember2024-10-290001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 20262026-09-300001786108trin:UnderwritersMember2022-08-182022-08-180001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date May 7, 2025 Expiration Date May 7, 2035 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment PebblePost, Inc. Type of Investment Warrant Investment Date May 7, 2021 Expiration Date May 7, 2031 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Q'Apel Medical, Inc. Type of Investment Warrant Investment Date July 2, 2026 Expiration Date July 2, 2036 Series Preferred Series B2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Smartly, Inc. Type of Investment Equity Investment Date March 29, 2023 Series Preferred Series B2025-01-012025-12-310001786108United States Finance and Insurance Under Technologies, Inc. Type of Investment Secured Loan Investment Date November 27, 2024 Maturity Date June 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 12.0%; EOT 4.3%2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. One Type of Investment Warrant Investment Date June 1, 2020 Expiration Date July 15, 2030 Series Preferred Series B2026-01-012026-09-3000017861082020-01-012020-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-12-310001786108Portfolio Company Debt Securities- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Secured Loan Investment Date June 28, 2024 Maturity Date July 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 12.0%; EOT 2.5%2025-01-012025-12-310001786108trin:EquityOfferingsMember2023-08-080001786108Portfolio Company Equity Investments- United States Insurance Technology Centivo Corporation Type of Investment Equity Investment Date December 20, 2024 Series Preferred Series B-12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2025 Expiration Date February 12, 2034 Series Preferred Series 12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date February 17, 2026 Expiration Date September 11, 2030 Series Common Stock2026-09-3000017861082026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date December 6, 2023 Expiration Date December 6, 2033 Series Preferred Series AA2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series P2026-09-300001786108trin:MedicalDevicesMembertrin:VitalConnectIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics D-Wave Quantum Inc. Equipment Financing Investment Date August 1, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.8%; EOT 4.0%2026-01-012026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date April 9, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-01-012025-12-310001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Type of Investment Warrant Investment Date August 8, 2025 Expiration Date August 8, 2035 Series Common Stock2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics K2View Inc. Secured Loan Investment Date May 30, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date November 10, 2021 Expiration Date November 10, 2031 Series Common Stock2025-01-012025-12-310001786108trin:FootprintInternationalHoldingIncMembertrin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 5, 2023 Series Preferred Series C Prime2025-12-310001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2025-07-012025-09-300001786108us-gaap:WarrantMembertrin:HumanResourceTechnologyMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment PebblePost, Inc. Type of Investment Warrant Investment Date May 7, 2021 Expiration Date May 7, 2031 Series Common Stock2026-09-3000017861082026-04-012026-06-300001786108trin:ValuationRiskMember2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date October 9, 2025 Series Preferred Series 82025-01-012025-12-310001786108United States Space Technology True Anomaly, Inc. Equipment Financing Investment Date September 11, 2026 Maturity Date September 30, 2029 Interest Rate Fixed interest rate 10.8%; EOT 6.0%2026-09-300001786108trin:WesternEuropeMember2026-09-300001786108trin:September2029NotesMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Zero Acre Farms, Inc. Type of Investment Warrant Investment Date December 23, 2022 Expiration Date December 23, 2032 Series Class A Common Stock2025-12-310001786108trin:August2026NotesMember2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2021-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:BlackScholesMertonModelMembersrt:MaximumMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Warrant Investment Date October 14, 2022 Expiration Date October 14, 2022 Series Common Stock2026-09-300001786108us-gaap:WarrantMembertrin:InsuranceTechnologyMembertrin:CentivoCorporationMembercountry:US2026-09-300001786108trin:ConsumerProductsAndServicesMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:May2031NotesMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date June 24, 2024 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 10.9%; EOT 7.5%2025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankSecuredTermLoanFacilityMember2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Warrant Investment Date August 30, 2023 Expiration Date August 30, 2033 Series Common Stock2025-12-310001786108trin:DesertStarJVPartnerMember2026-09-210001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date July 10, 2026 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 10.0%; EOT 2.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date April 23, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2025 Expiration Date February 12, 2034 Series Preferred Series 12026-09-300001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date June 10, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 2.5%2026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AAA2025-12-310001786108United States Energy & Resource Technology Footprint International Holding, Inc. Secured Loan Investment Date February 18, 2022 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 7.3% or Floor rate 10.5%; EOT 3.5%2025-12-310001786108trin:WestAmericaMember2025-12-310001786108United States Finance and Insurance Mesa Financing I, LLC Secured Loan Investment Date May 7, 2025 Maturity Date May 7, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. One Type of Investment Warrant Investment Date September 23, 2024 Expiration Date September 23, 2034 Series Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date May 28, 2024 Maturity Date May 1, 2026 Interest Rate Fixed interest rate 16.0%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- Europe Real Estate Technology Prospire Technologies LTD Type of Investment Warrant Investment Date January 29, 2026 Maturity Date January 29, 2036 Series Preferred Series A12026-01-012026-09-300001786108United States Software as a Service ("SaaS") Silk Technologies, Inc. Type of Investment Secured Loan Investment Date November 4, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 1.5%2025-01-012025-12-310001786108United States Financial Technology Mesa Financial, Inc. Secured Loan Investment Date September 9, 2026 Maturity Date March 1, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 7.5% or Floor rate 10.5%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Hologram, Inc. Type of Investment Warrant Investment Date January 31, 2020 Expiration Date January 27, 2030 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date April 29, 2024 Series Preferred Series B-12025-12-310001786108trin:TrinityInvestorJVILLCMember2026-09-300001786108trin:FinancialTechnologyMembertrin:UpgradeMasterPass-ThruTrustMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108trin:O2026M5DividendsMember2026-05-150001786108us-gaap:StockOptionMembersrt:MaximumMember2025-07-012025-09-300001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date April 9, 2026 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date March 21, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-01-012025-12-310001786108trin:May2031NotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date October 10, 2022 Expiration Date October 13, 2032 Series Preferred Series D2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 9, 2029 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Silk Technologies, Inc. Type of Investment Secured Loan Investment Date November 4, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 1.5%2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Nalu Medical, Inc Type of Investment Warrant Investment Date July 3, 2025 Expiration Date July 3, 2035 Series Preferred Series E2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Secured Loan Investment Date August 25, 2025 Maturity Date August 25, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 4.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Exer Holdings, LLC Type of Investment Warrant Investment Date November 19, 2021 Expiration Date November 19, 2031 Series Common Units2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Uniphore Technologies Inc. Secured Loan Investment Date October 2, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2026-01-012026-09-300001786108us-gaap:CommonStockMember2024-12-310001786108Control Investments Equipment Leasing Services, LLC2026-09-300001786108United States AI Infrastructure Cirrascale Cloud Services, LLC Equipment Financing Investment Date October 22, 2024 Maturity Date April 1, 2027 Interest Rate Fixed interest rate 10.2%; EOT 5.0%2026-09-300001786108us-gaap:UnsecuredDebtMembertrin:December2026NotesMember2021-12-150001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date July 18, 2025 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date May 27, 2022 Series Common Stock2026-09-300001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembertrin:OgeeIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Moxe Health Corporation Type of Investment Warrant Investment Date December 29, 2023 Expiration Date December 29, 2033 Series Preferred Series B2025-01-012025-12-310001786108trin:DigilensIncMembertrin:IndustrialsMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Control Investments CapTrin Partners, LLC2026-09-300001786108srt:SouthAmericaMember2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Warrant Investment Date October 13, 2023 Expiration Date October 13, 2033 Series Common Stock2025-01-012025-12-310001786108United States Healthcare Technology Paytient Technologies, Inc. Secured Loan Investment Date May 27, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2026-09-300001786108trin:RealEstateTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108us-gaap:UnsecuredDebtMembertrin:TwoThousandTwentyFiveNotesMember2020-01-160001786108Control Investments WorkWell Prevention & Care Inc.2026-09-300001786108Portfolio Company Equity Investments- United States AI Infrastructure Together Computer, Inc. Type of Investment Equity Investment Date May 15, 2026 Series Preferred Series C2026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date December 26, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-12-310001786108trin:UnderwritersMember2022-04-072022-04-070001786108us-gaap:CommonStockMember2026-06-300001786108trin:UniphoreTechnologiesIncMemberus-gaap:DebtSecuritiesMembercountry:UStrin:ArtificialIntelligenceAIAutomationAndRoboticsMember2026-09-300001786108us-gaap:CommonStockMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Super73, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date September 13, 2022 Expiration Date September 13, 2032 Series Common Stock Units2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date December 22, 2023 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2026-01-012026-09-300001786108trin:MedicalDevicesMembertrin:NeurolensIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 27, 2025 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 16.1%; EOT 9.0%2026-09-300001786108United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date December 1, 2027 Interest Rate Fixed interest rate 15.9%; EOT 9.0%2026-09-300001786108Portfolio Company Equity Investments- Canada Construction Technology Nexii, Inc. Type of Investment Equity Investment Date July 24, 2024 Series Preferred Series A-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Convergent Dental, Inc. Type of Investment Warrant Investment Date April 21, 2023 Expiration Date April 21, 2033 Series Preferred Series D2026-09-300001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 2026 One2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Nalu Medical, Inc Type of Investment Warrant Investment Date July 3, 2025 Expiration Date July 3, 2035 Series Preferred Series E2025-01-012025-12-310001786108Affiliate Investments Senior Credit Corp 2022 LLC2025-12-310001786108trin:ConnectivityMemberus-gaap:WarrantMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 11, 2025 Series Series 2025-ST52025-12-310001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 20262025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMember2026-09-300001786108Affiliate Investments Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)2024-12-310001786108United States Other Healthcare Services Renalogic Holdings, Inc. Secured Loan Investment Date June 30, 2025 Maturity Date June 30, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-09-300001786108trin:SlingshotAerospaceIncMembertrin:SpaceTechnologyMembercountry:US2025-12-310001786108United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Secured Loan Investment Date April 8, 2022 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 7.5% or Floor rate 10.8%; EOT 2.5%2026-09-300001786108trin:MultiSectorHoldingsMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date March 3, 2023 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-12-310001786108trin:KeyBankCreditFacilityMember2025-07-012025-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Inshur, Inc. Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Common Stock2025-01-012025-12-310001786108trin:BiotechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date November 14, 2024 Expiration Date November 14, 2034 Series Common Stock2026-01-012026-09-300001786108United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Secured Loan Investment Date September 25, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2025-12-310001786108country:CA2025-01-012025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date December 20, 2024 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-12-310001786108trin:ArtificialIntelligenceAndAutomationMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date December 11, 2023 Series Preferred B-12026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Apiject Holdings, Inc. Type of Investment Warrant Investment Date June 24, 2024 Expiration Date June 24, 2034 Series Common Stock2026-09-300001786108United States AI Infrastructure QumulusAI, Inc Equipment Financing Investment Date August 19, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 8.3%; EOT 9.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 10, 2033 Series Preferred Series C2025-01-012025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date May 29, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-09-300001786108United States Medical Devices Lightforce Orthodontics, Inc. Secured Loan Investment Date September 25, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Equity Investment Date August 3, 2023 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Silk Technologies, Inc. Type of Investment Equity Investment Date November 9, 2025 Series SAFE Note2025-12-310001786108trin:AIInfrastructureMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 10, 2033 Series Preferred Series C2026-09-300001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2025-07-012025-09-300001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 27, 2025 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 16.1%; EOT 9.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Equity Investment Date August 1, 2024 Class B Units2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date September 4, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-01-012026-09-300001786108trin:DebtATMProgramMembertrin:March2029NotesMember2025-02-100001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date July 31, 2024 Expiration Date July 31, 2034 Series Common Stock2025-12-310001786108Control Investments WorkWell Prevention & Care Inc.2026-01-012026-09-300001786108Affiliate Investments Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 29, 2034 Series Preferred Series C-12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Preferred Series AAA2026-01-012026-09-300001786108trin:EightPointFivePercentageNotesMember2022-12-050001786108trin:O2026M8DividendsMember2026-08-142026-08-140001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date August 5, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-12-310001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2026-07-012026-09-300001786108us-gaap:DebtSecuritiesMembercountry:CA2026-09-300001786108trin:NewJVPartnerMember2026-01-212026-01-210001786108Portfolio Company Warrant Investments- United States Financial Technology Mesa Financial, Inc. Type of Investment Warrant Investment Date September 9, 2026 Expiration Date September 9, 2036 Series Common Stock2026-09-300001786108trin:DigitalAssetsTechnologyAndServicesMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date December 17, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Equipment Financing Investment Date August 28, 2025 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 13.9%; EOT 7.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Warrant Investment Date April 10, 2025 Expiration Date April 10, 2035 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 15, 2024 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Class F2026-01-012026-09-300001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2024-04-220001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Cellares Corporation Type of Investment Warrant Investment Date August 2, 2024 Expiration Date August 2, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Consensus Sales, LLC Type of Investment Equity Investment Date July 16, 2026 Series Class F Units2026-09-3000017861082024-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date December 23, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.3%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Two Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series A-32026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Preferred Series C2026-09-300001786108Portfolio Company Debt Securities- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Equipment Financing Investment Date February 17, 2023 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 12.9%; EOT 7.0%2025-01-012025-12-310001786108trin:TransportationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:UStrin:UveyeIncMember2026-09-300001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2024-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date December 30, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-12-310001786108us-gaap:UnsecuredDebtMembertrin:September2029NotesMembertrin:UnderwritersMember2024-07-190001786108srt:DirectorMembertrin:TwoThousandNineteenRestrictedStockPlanMember2024-04-220001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMember2025-12-310001786108Portfolio Company Warrant Investments- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 30, 2028 Series Common Stock2025-01-012025-12-310001786108trin:O2026M10DividendsMember2026-10-152026-10-150001786108trin:TaranaWirelessIncMembertrin:ConnectivityMemberus-gaap:WarrantMembercountry:US2025-12-310001786108trin:SaasMembertrin:XytechSystemsLLCMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Canada Financial Technology Koho Financial, Inc. Secured Loan Investment Date September 15, 2026 Maturity Date October 1, 2030 Variable interest rate Prime + 2.5% + PIK 1.25% or Floor rate 10.5%; EOT 3.0%2026-01-012026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date December 24, 2025 Maturity Date December 1, 2030 Interest Rate Fixed interest rate 11.4%; EOT 6.0%2025-12-310001786108trin:TrinityCapitalHoldingsMember2026-09-300001786108trin:SpaceTechnologyMembertrin:EarthdailyConstellationHoldingsLPMembercountry:CA2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Kymeta Corporation Type of Investment Warrant Investment Date July 3, 2024 Expiration Date July 3, 2034 Series Common Stock2026-01-012026-09-300001786108trin:SeriesATwoThousandTwentyEightNotesMember2024-10-290001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date December 17, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Secured Loan Investment Date October 29, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Finance and Insurance Wisetack, Inc. Type of Investment Secured Loan Investment Date December 9, 2025 Maturity Date September 22, 2027 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 19, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date September 1, 2026 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 16, 2024 Expiration Date September 16, 2034 Series Preferred Series BB2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Inshur, Inc. Type of Investment Secured Loan Investment Date June 10, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 2.5%2025-12-310001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date February 8, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-12-310001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date September 11, 2026 Maturity Date October 1, 2031 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMember2024-12-310001786108trin:September2029NotesMember2024-07-192024-07-190001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date December 23, 2024 Expiration Date December 23, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series 12025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 19, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 107.6%; EOT 15.0%2026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date August 28, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date June 12, 2024 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-01-012026-09-300001786108trin:WesternEuropeMember2025-12-310001786108Portfolio Company Warrant Investments- Europe Other Healthcare Services Zandivio PLC Type of Investment Warrant Investment Date October 29, 2024 Maturity Date October 29, 2034 Series Common Stock2025-12-310001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 11, 2026 Series Preferred Series A2025-12-310001786108United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Secured Loan Investment Date August 8, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-09-300001786108United States Artificial Intelligence & Automation Uniphore Technologies Inc. Secured Loan Investment Date September 30, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2025-01-012025-12-310001786108trin:SaasMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108United States Healthcare Technology Clearwave Parent, Inc. Secured Loan Investment Date July 24, 2026 Maturity Date October 22, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 7.3%; EOT 0.0%2026-09-300001786108trin:NonControlNonAffiliateInvestmentsMember2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 26, 2026 Series Preferred Series E-1 One2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date July 25, 2025 Series SPV Member Units2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date July 25, 2025 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Secured Loan Investment Date November 4, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:IndustrialsMembersrt:EuropeMember2025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date September 13, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Supply Chain Technology Inktavo, LLC Type of Investment Equity Investment Date October 15, 2025 Series Preferred Class A2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Hologram, Inc. Type of Investment Warrant Investment Date January 31, 2020 Expiration Date January 27, 2030 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MaximumMember2026-09-3000017861082024-03-310001786108trin:ConnectivityMembertrin:ASTAndScienceLLCMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:DirectLending2025LLCMemberus-gaap:OtherAssets2026-09-300001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date March 28, 2024 Expiration Date March 28, 2034 Series Preferred Series 32026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Equity Investment Date January 30, 2024 Series Preferred Series C-12025-12-310001786108Affiliate Investments Emergy, Inc.2025-12-310001786108trin:NotesDueSeptember2029Memberexch:XCHI2026-01-012026-09-300001786108United States Finance and Insurance Parafin SPV 2, LLC Type of Investment Secured Loan Investment Date February 22, 2024 Maturity Date December 21, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 12.8%; EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date June 18, 2026 Maturity Date January 1, 2030 Interest Rate Fixed interest rate 11.9%; EOT 5.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035, Series Common Stock2026-01-012026-09-300001786108trin:July2030NotesMembertrin:SeniorSecuritiesMember2026-09-300001786108us-gaap:UnsecuredDebtMembertrin:UnderwritersMembertrin:March2029NotesMember2024-03-280001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 10, 2023 Expiration Date August 10, 2033 Series Preferred Series C2026-01-012026-09-300001786108United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Secured Loan Investment Date January 1, 2024 Maturity Date January 1, 2029 Interest Rate Variable interest rate Prime + 10.0% or Floor rate 17.0%; EOT 4.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date July 25, 2024 Expiration Date July 25, 2034 Series Common Stock2026-09-300001786108trin:SlingshotAerospaceIncMembertrin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Artificial Intelligence & Automation Cirrascale Cloud Services, LLC Equipment Financing Investment Date June 27, 2024 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 12.7%; EOT 4.0%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date July 25, 2025 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Swimlane, Inc. Type of Investment Warrant Investment Date May 28, 2025 Expiration Date May 28, 2037 Series Preferred Series B2025-12-310001786108United States Transportation Technology Get Spiffy, Inc. Secured Loan Investment Date July 14, 2023 Maturity Date January 14, 2028 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.3%; EOT 6.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date February 3, 2025 Expiration Date July 31, 2034 Series Common Stock2025-01-012025-12-3100017861082024-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date March 30, 2026 Maturity Date April 1, 2029 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2026-01-012026-09-300001786108trin:DirectLendingMember2026-01-012026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.6%; EOT 4.0%2026-01-012026-09-300001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date March 28, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-12-310001786108Portfolio Company Warrant Investments- Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Warrant Investment Date December 23, 2025 Maturity Date December 23, 2025 Series Ordinary2026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series 12026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date October 21, 2024 Maturity Date November 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2025-12-310001786108trin:PatientFiIncMembertrin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Software as a Service ("SaaS") Kibo Software, Inc. Secured Loan Investment Date May 22, 2026 Maturity Date May 22, 2031 Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-09-300001786108trin:InsuranceTechnologyMember2025-12-310001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date February 3, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") ChiroHD, LLC Secured Loan Investment Date August 7, 2026 Maturity Date August 7, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Equity Investment Date August 3, 2023 Series Preferred Series B-12025-01-012025-12-310001786108trin:HumanResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 2026 One2025-12-310001786108country:CA2026-01-012026-09-300001786108trin:HealthcareTechnologyMember2025-12-310001786108trin:SeniorSecuritiesMember2025-12-310001786108United States Software as a Service ("SaaS") ChiroHD, LLC Secured Loan Investment Date August 7, 2026 Maturity Date August 7, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 29, 2034 Series Preferred Series C-12025-01-012025-12-310001786108us-gaap:WarrantMembertrin:EdeniqIncMembertrin:EnergyAndResourceTechnologyMembercountry:US2025-12-310001786108United States Other Healthcare Services Genezen Holdings Inc. Secured loan Investment Date August 11, 2026 Maturity Date September 1, 2031 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.0%; EOT 5.3%2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Lendflow, Inc. Type of Investment Warrant Investment Date April 24, 2025 Expiration Date April 24, 2035 Series Common Stock2025-01-012025-12-310001786108Canada Space Technology Earthdaily Constellation Holdings, LP Equipment Financing Investment Date August 28, 2025 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 13.9%; EOT 7.0%2026-01-012026-09-300001786108trin:MultiSectorHoldingsOneMember2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Bolb, Inc. Type of Investment Warrant Investment Date October 12, 2021 Expiration Date October 12, 2031 Series Common Stock2026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2022-01-012022-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date February 9, 2026 Series Series 2026-ST12026-09-300001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2021-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Sortera Technologies, Inc. Type of Investment Warrant Investment Date February 11, 2025 Expiration Date February 11, 2035 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date January 22, 2021 Series Preferred Series B2025-01-012025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date April 17, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 8.0%; EOT 0.0%2026-01-012026-09-300001786108exch:XNYStrin:NotesDueMarch2029Member2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Silk Technologies, Inc. Type of Investment Warrant Investment Date November 4, 2024 Expiration Date November 4, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Crowdtap, Inc. Type of Investment Equity Investment Date December 5, 2025 Series Preferred Series B2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date May 9, 2025 Series Preferred Series C2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:WarrantMember2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date January 2, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date August 6, 2026 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date June 3, 2022 Series Preferred Series A2026-01-012026-09-300001786108trin:O2025Q4DividendsMember2025-10-012025-12-310001786108trin:MetabolonIncMemberus-gaap:WarrantMembercountry:UStrin:OtherHealthcareServicesMember2025-12-310001786108trin:SeriesANotesMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date May 20, 2025 Expiration Date July 31, 2034 Series Common Stock2026-09-300001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2025-12-310001786108trin:WarrantInvestmentsMember2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Warrant Investment Date October 14, 2022 Expiration Date October 14, 2034 Series Common Stock2025-01-012025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date February 3, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-12-310001786108trin:SpaceTechnologyMembertrin:ImpulseSpaceIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:CorporateJointVentureMembertrin:InvestmentFeeAndOtherIncome2026-07-012026-09-300001786108Portfolio Company Equity Investments- Europe Financial Technology Wayflyer Limited Type of Investment Equity Investment Date July 21, 2026 Series Ordinary Shares2026-09-300001786108trin:SpaceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108United States Financial Technology Mesa Financial, Inc. Secured Loan Investment Date September 9, 2026 Maturity Date March 1, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 7.5% or Floor rate 10.5%; EOT 0.0%2026-01-012026-09-300001786108trin:InterestRateRisksMember2026-01-012026-09-300001786108United States Healthcare Technology Lightning Step Technologies, LLC Secured Loan Investment Date August 6, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 7.1%; EOT 0.0%2026-01-012026-09-300001786108Europe Consumer Products & Services Motorway Online, Ltd Secured Loan Investment Date December 23, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Base Rate + 7.9% or Floor rate 11.7%; EOT 2.8%2026-09-300001786108us-gaap:UnsecuredDebtMembertrin:September2029NotesMember2024-07-190001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date November 14, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:WeightedAverageMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Equity Investments- Europe Financial Technology Wayflyer Limited Type of Investment Equity Investment Date July 21, 2026 Series Preferred Series B-32026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date July 10, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date June 16, 2022 Maturity Date July 1, 2026 Interest Rate Fixed interest rate 9.3%; EOT 11.0%2025-12-310001786108United States Healthcare Technology Moxe Health Corporation Type of Investment Secured Loan Investment Date December 29, 2023 Maturity Date January 1, 2028 Variable interest rate Prime + 5.5% or Floor rate 13.0%; EOT 4.8%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States SaaS Smartly, Inc. Type of Investment Equity Investment Date March 29, 2023 Series Preferred Series B2025-12-310001786108srt:EuropeMemberus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Gravie, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Industrials 3DEO, Inc. Type of Investment Equipment Financing Investment Date February 1, 2025 Maturity Date February 1, 2028 Interest Rate Fixed interest rate 0.1%; EOT 2.2%2025-01-012025-12-310001786108Portfolio Company Debt Securities- Europe Healthcare Technology Unmind LTD Type of Investment Secured Loan Investment Date July 8, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.0%2025-01-012025-12-310001786108United States Other Healthcare Services Renalogic Holdings, Inc. Type of Investment Secured Loan Investment Date June 30, 2025 Maturity Date June 30, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-12-310001786108us-gaap:CorporateJointVentureMemberus-gaap:OtherAssets2025-12-310001786108United States Healthcare WorkWell Prevention & Care Inc. Type of Investment Secured Loan Investment Date December 31, 2022 Maturity Date January 1, 2027 Interest Rate Variable interest rate PRIME + 5.0% or Floor rate 6.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Secured Loan Investment Date August 7, 2024 Maturity Date April 30, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-01-012025-12-310001786108srt:EuropeMember2026-01-012026-09-300001786108trin:EducationTechnologyMembertrin:ITutorComIncMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date December 16, 2025 Maturity Date March 24, 2030 Series Ordinary2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. One Type of Investment Warrant Investment Date June 1, 2020 Expiration Date July 15, 2030 Series Preferred Series B2026-09-300001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:WarrantMembertrin:DrinkpakLlcMembercountry:US2025-12-310001786108United States Medical Devices Cagent Vascular, Inc. Type of Investment Secured Loan Investment Date January 24, 2025 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2025-01-012025-12-310001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:WarrantMembercountry:US2026-09-300001786108Portfolio Company Debt Securities- Europe Healthcare Technology Unmind LTD Type of Investment Secured Loan Investment Date July 8, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Preferred Series AA-12026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Genezen Holdings Inc.Type of Investment Warrant Investment Date August 11, 2026 Expiration Date August 11, 2036 Series Common Stock2026-01-012026-09-300001786108trin:December2026NotesMember2026-07-012026-09-300001786108United States Transportation Technology Get Spiffy, Inc. Secured Loan Investment Date July 14, 2023 Maturity Date January 14, 2028 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.3%; EOT 6.0%2026-01-012026-09-300001786108Control Investments Direct Lending 2025 LLC2026-01-012026-09-300001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Secured Loan Investment Date September 8, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2025-01-012025-12-310001786108trin:RealEstateTechnologyMember2025-12-310001786108United States Biotechnology Candel Therapeutics, Inc. Secured Loan Investment Date October 14, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 9.8%; EOT 4.3%2025-12-310001786108trin:ConnectivityMembertrin:VerticalCommunicationsIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date December 24, 2025 Maturity Date December 1, 2030 Interest Rate Fixed interest rate 11.4%; EOT 6.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Member2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 14, 2035 Series Preferred Series C-12025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Autonomy Data Services, Inc. Type of Investment Equity Investment Date November 4, 2025 Series Preferred Series Pre-Seed 22025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Restor3d, Inc. Type of Investment Secured Loan Investment Date June 4, 2024 Maturity Date July 4, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.3%2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Swimlane, Inc. Secured Loan Investment Date May 28, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.3%2026-01-012026-09-300001786108United States Financial Technology inKind Cards, Inc. Secured Loan Investment Date July 7, 2026 Maturity Date July 7, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.3%; EOT 0.0%2026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembercountry:US2026-09-300001786108trin:FinanceAndInsuranceMembertrin:TiltFinanceIncEmpowerFinancialIncMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108us-gaap:StockOptionMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2025-03-142025-03-140001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date June 26, 2025 Expiration Date June 26, 2035 Series Common Stock2025-12-310001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date July 10, 2026 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 10.0%; EOT 2.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Everalbum, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 29, 2026 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Preferred Series E-12025-01-012025-12-310001786108trin:IndustrialsMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 29, 2027 Series Preferred Series C2025-01-012025-12-310001786108trin:FinancialTechnologyMembertrin:CherryTechnologiesIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:EnergyAndResourceTechnologyMember2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date May 16, 2025 Expiration Date June 21, 2034 Series Common Stock2025-01-012025-12-310001786108trin:TransportationTechnologyMembertrin:GetSpiffyIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:MultiSectorHoldingsMember2026-09-300001786108trin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2025-12-310001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2025-07-012025-09-300001786108us-gaap:CorporateJointVentureMembertrin:InvestmentFeeAndOtherIncome2025-07-012025-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MinimumMember2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 24, 2025 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Insurance Technology Openly Holdings Corp. Type of Investment Equity Investment Date May 9, 2023 Series Preferred Series D-1 Prime2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 22, 2024 Maturity Date August 22, 2034 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Warrant Investment Date September 14, 2022 Expiration Date September 14, 2032 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Warrant Investment Date October 14, 2022 Expiration Date October 14, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series B2026-01-012026-09-300001786108United States Transportation Technology NextCar Holding Company, Inc. Secured Loan Investment Date November 4, 2025 Maturity Date December 31, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date August 14, 2026 Expiration Date April 28, 2036 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Impulse Space, Inc. Type of Investment Warrant Investment Date June 18, 2024 Expiration Date June 18, 2034 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Digital Assets Technology and Services Inca Digital, Inc. Type of Investment Secured Loan Investment Date December 2, 2025 Maturity Date December 2, 2026 Interest Rate Fixed interest rate 12.5%; EOT 0.0%2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date August 25, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 30, 2024 Series Preferred Series B2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Warrant Investment Date April 8, 2022 Expiration Date April 8, 2034 Series Preferred Series A2025-01-012025-12-3100017861082024-10-012024-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equity Investment Date April 14, 2025 Series Preferred Series A-22026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembertrin:WarrantInvestmentsMember2025-12-310001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date March 25, 2024 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Equity Investment Date April 10, 2026 Series Preferred Series C-22026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Class F2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date July 29, 2023 Series Class B Common Stock2025-12-310001786108United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Secured Loan Investment Date October 2, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2025-12-310001786108trin:ConstructionTechnologyMembertrin:ProjectFrogIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date March 16, 2022 Maturity Date March 16, 2027 Series Class A Common Stock2025-01-012025-12-310001786108trin:RealEstateTechnologyMember2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date May 16, 2025 Expiration Date June 21, 2034 Series Common Stock2025-12-310001786108trin:KeyBankCreditFacilityMember2026-09-300001786108trin:HumanResourceTechnologyMembertrin:NomadHealthIncMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Direct Lending 2025 LLC Type of Investment Equity Investment Date September 24, 2025 Series Member Interest2026-01-012026-09-300001786108trin:MidwestAmericaMember2026-09-300001786108Portfolio Company Warrant Investments – Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Class B Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2024 Expiration Date February 12, 2034 Series Preferred Series 12026-09-300001786108Affiliate Investments iTutor.com, Inc2026-09-300001786108trin:KymetaCorporationMembertrin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-12-310001786108United States Finance and Insurance Thrivory, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date October 1, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Cellares Corporation Type of Investment Warrant Investment Date August 2, 2024 Expiration Date August 2, 2034 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date February 1, 2021 Maturity Date September 1, 2027 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2026-01-012026-09-300001786108Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Secured Loan Investment Date December 23, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Base Rate + 7.9% or Floor rate 11.7%; EOT 2.8%2025-01-012025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics D-Wave Quantum Inc. Equipment Financing Investment Date August 1, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.8%; EOT 4.0%2026-09-300001786108trin:ConnectivityMemberus-gaap:WarrantMembercountry:US2026-09-300001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMembersrt:MinimumMember2025-12-310001786108Portfolio Company Equity Investments- United States Education Technology iTutor.com, Inc. Type of Investment Equity Investment Date March 9, 2026 Series Preferred Series A-22026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date June 18, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date November 4, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-12-310001786108us-gaap:FairValueMeasurementsRecurringMembertrin:WarrantInvestmentsMember2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date October 21, 2024 Maturity Date November 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Happiest Baby, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 16, 2029 Series Common Stock2025-12-310001786108us-gaap:CorporateJointVentureMemberus-gaap:OtherAssets2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date March 16, 2023 Series Preferred Series 12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Firefly Systems, Inc. Type of Investment Warrant Investment Date January 29, 2020 Expiration Date January 29, 2030 Series Common Stock2026-01-012026-09-300001786108trin:CreditSuisseCreditFacilityMembertrin:SeniorSecuritiesMember2021-01-012021-12-310001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date November 19, 2025 Series Series 2025-ST72025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 6, 2026 Series Preferred Series D-22026-01-012026-09-300001786108trin:March2029NotesMember2026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2024-01-012024-12-310001786108Portfolio Company Equity Investments- United States Space Technology Axiom Space, Inc. Type of Investment Equity Investment Date January 18, 2023 Series Preferred Series C-12026-09-300001786108trin:MedicalDevicesMembertrin:CMRSurgicalLimitedMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date July 3, 2024 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2025-12-310001786108United States AI Infrastructure Cirrascale Cloud Services, LLC Equipment Financing Investment Date October 22, 2024 Maturity Date April 1, 2027 Interest Rate Fixed interest rate 10.2%; EOT 5.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date January 29, 2026 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 18, 2028 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date September 11, 2026 Expiration Date November 14, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 29, 2023 Series Preferred Series AA2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Insurance Technology Openly Holdings Corp. Type of Investment Equity Investment Date May 9, 2023 Series Preferred Series D-1 Prime2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Dynamics, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series A2025-12-310001786108trin:MultiSectorHoldingsMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Debt Securities- Europe Medical Devices CMR Surgical Limited Type of Investment Secured Loan Investment Date March 24, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date December 17, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembertrin:PatientFiIncMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 15, 2024 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Centivo Corporation Type of Investment Equity Investment Date December 20, 2024 Series Preferred Series B-12025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date January 6, 2025 Expiration Date March 28, 2034 Series Preferred Series 32025-12-310001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembercountry:CA2026-09-300001786108us-gaap:WarrantMembertrin:FinanceAndInsuranceMembertrin:ParafinIncMembercountry:US2025-12-310001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Type of Investment Secured Loan Investment Date September 15, 2025 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2025-12-310001786108trin:EdeniqIncMembertrin:EnergyAndResourceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Affiliate Investments Autonomy Data Services, Inc.2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:NeurosMedicalIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-12026-09-300001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date June 21, 2024 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-01-012025-12-310001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2025-12-310001786108country:CA2025-12-310001786108trin:TransportationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:UStrin:UveyeIncMember2025-12-310001786108Canada Space Technology Earthdaily Constellation Holdings, LP Equipment Financing Investment Date June 10, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 13.5%; EOT 7.0%2026-01-012026-09-300001786108us-gaap:AdditionalPaidInCapitalCommonStocktrin:SixPointZeroZeroPercentageConvertibleNotesDueTwoThousandTwentyFiveMember2020-12-102020-12-110001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Emergy, Inc. Type of Investment Equity Investment Date October 30, 2025 Series Common Stock2025-01-012025-12-310001786108trin:DesertStar2026LLCMember2026-09-210001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2024-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108us-gaap:WarrantMembertrin:FinanceAndInsuranceMembertrin:ParafinIncMembercountry:US2026-09-300001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Secured Loan Investment Date December 23, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date March 29, 2022 Series Preferred Series A-42025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock 12026-09-300001786108trin:EducationTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108trin:SBICLPMemberus-gaap:LimitedPartnerMember2026-09-300001786108trin:DigitalAssetsTechnologyAndServicesMember2026-09-300001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2023-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Equity Investment Date August 3, 2023 Series Preferred Series B-12025-12-310001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2026-01-012026-09-3000017861082024-01-012024-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Alt Platform Inc. Type of Investment Warrant Investment Date July 8, 2025 Expiration Date July 8, 2035 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMember2025-12-310001786108trin:March2029NotesMember2024-03-280001786108Affiliate Investments Nexii, Inc.2024-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Apiject Holdings, Inc. Type of Investment Warrant Investment Date June 24, 2024 Expiration Date June 24, 2034 Series Common Stock2025-12-310001786108trin:FoodAndAgricultureTechnologiesMember2025-12-310001786108United States Healthcare Technology PurpleLab, Inc. Type of Investment Secured Loan Investment Date September 24, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date February 3, 2025 Expiration Date July 31, 2034 Series Common Stock2025-12-310001786108trin:BaubleBarIncMemberus-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings AZ-VC Fund I, LLC Type of Investment Equity Investment Date June 30, 2022 Series Member Interest2025-01-012025-12-310001786108Affiliate Investments Nomad Health, Inc.2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMember2025-12-310001786108United States Artificial Intelligence & Automation Uniphore Technologies Inc. Secured Loan Investment Date September 30, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date November 20, 2025 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2023-12-310001786108United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date June 25, 2026 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date June 30, 2026 Expiration Date June 30, 2036 Series Preferred Series C-22026-01-012026-09-300001786108trin:MainspringEnergyIncMemberus-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembercountry:US2025-12-3100017861082026-01-012026-03-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2025-12-310001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembertrin:CagentVascularIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Series D2025-01-012025-12-310001786108United States Medical Devices Okami Medical, Inc. Type of Investment Secured Loan Investment Date June 24, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Human Resource Technology BetterLeap, Inc. Type of Investment Warrant Investment Date April 20, 2022 Expiration Date April 20, 2032 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date June 30, 2025 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 12.5%; EOT 9.0%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 19, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 107.6%; EOT 15.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Tquila Automation, Inc Type of Investment Warrant Investment Date July 2, 2025 Expiration Date July 2, 2037 Series Common Stock2025-12-310001786108trin:SpaceTechnologyMembertrin:HadrianAutomationIncMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Warrant Investment Date June 25, 2025 Expiration Date June 25, 2035 Series Class A Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date December 12, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2025-01-012025-12-310001786108trin:MedicalDevicesMembertrin:LightforceOrthodonticsIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:NotesDueMarch2029Memberexch:XCHI2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date October 10, 2022 Expiration Date October 13, 2032 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date April 29, 2021 Expiration Date April 29, 2031 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 27, 2023 Expiration Date September 27, 2033 Series Preferred Series AA-12026-09-300001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date August 25, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:WarrantMembersrt:MaximumMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services SI Tickets, Inc. Type of Investment Warrant Investment Date May 11, 2022 Expiration Date May 11, 2032 Series Common Stock2026-09-300001786108United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date December 1, 2027 Interest Rate Fixed interest rate 15.9%; EOT 9.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2025-01-012025-12-310001786108trin:KeyBankSecuredTermLoanFacilityMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 11, 2025 Series Series 2025-ST52025-01-012025-12-310001786108Portfolio Company Equity Investments- United States AI Infrastructure Hydra Host, Inc. Type of Investment Equity Investment Date March 4, 2026 Series Preferred Series A-12026-09-300001786108trin:MountainAmericaMember2026-09-300001786108Portfolio Company Warrant Investments- United States Education Technology Edblox, Inc. Type of Investment Warrant Investment Date March 19, 2024 Expiration Date March 19, 2034 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 29, 2034 Series Preferred Series C-12025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Shoulder Innovations, Inc. Type of Investment Warrant Investment Date August 7, 2023 Expiration Date August 7, 2033 Series Preferred Series D2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035, Series Common Stock2025-01-012025-12-310001786108Control Investments Trin H OpCo I LLC2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:RealEstateTechnologyMembertrin:MaxwellFinancialLabsIncMembercountry:US2025-12-310001786108United States Healthcare Technology B.Well Connected Health, Inc.Secured Loan Investment Date April 10, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-01-012026-09-300001786108us-gaap:StockOptionMember2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date November 19, 2025 Series Series 2025-ST82026-09-300001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date May 20, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-01-012025-12-310001786108trin:SupplyChainTechnologyMemberus-gaap:EquitySecuritiesMembercountry:CA2025-12-310001786108us-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Type of Investment Secured Loan Investment Date July 12, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 14.0%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 30, 2024 Series Preferred Series B2025-12-310001786108United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Secured Loan Investment Date April 8, 2022 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 7.5% or Floor rate 10.8%; EOT 2.5%2025-01-012025-12-310001786108us-gaap:DebtSecuritiesMembertrin:DiagnosticsAndToolsMembercountry:US2026-09-300001786108us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Gravie, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Common Stock2026-01-012026-09-300001786108trin:SeniorSecuritiesMember2022-01-012022-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date May 9, 2025 Series Preferred Series C2026-09-300001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Type of Investment Warrant Investment Date August 8, 2025 Expiration Date August 8, 2035 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Kard Financial, Inc. Type of Investment Warrant Investment Date May 28, 2026 Expiration Date May 28, 2026 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Real Estate Technology Knockaway, Inc. Type of Investment Secured Loan Investment Date September 29, 2023 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.2%; EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date September 22, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Crowdtap, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 11, 2027 Series Preferred Series B2025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2023-01-012023-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Thrivory, Inc. Type of Investment Warrant Investment Date September 9, 2025 Expiration Date September 9, 2035 Series Common Stock2025-12-310001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 20262025-12-310001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2021-01-012021-12-310001786108us-gaap:InvestmentAffiliatedIssuerControlledMember2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series Preferred Series 12026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 12, 2022 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 9.0%; EOT 10.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108us-gaap:AdditionalPaidInCapitalMember2025-06-300001786108Portfolio Company Equity Investments- United States Financial Technology Equipment Leasing Services, LLC Type of Investment Equity Investment Date January 30, 2026 Series Member Interest2026-01-012026-09-3000017861082025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Kard Financial, Inc. Type of Investment Warrant Investment Date May 28, 2026 Expiration Date May 28, 2026 Series Common Stock2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.6%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 29, 2027 Series Preferred Series C2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date June 18, 2026 Maturity Date January 1, 2030 Interest Rate Fixed interest rate 11.9%; EOT 5.0%2026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date July 18, 2025 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-01-012026-09-300001786108Affiliate Investments Trinity Capital SBIC LP2026-01-012026-09-300001786108trin:SeniorSecuritiesMember2023-12-310001786108trin:SeniorSecuritiesMember2024-01-012024-12-310001786108United States Financial Technology Kard Financial, Inc. Secured Loan Investment Date September 10, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%2026-01-012026-09-300001786108Control and Affiliate Investments2025-12-310001786108srt:MinimumMember2026-09-300001786108trin:SoutheastAmericaMember2025-12-310001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date March 21, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-1 One2026-09-300001786108us-gaap:DebtSecuritiesMembercountry:UStrin:ArtificialIntelligenceAIAutomationAndRoboticsMember2026-09-300001786108Portfolio Company Debt Securities- United States Real Estate Technology Knockaway, Inc. Type of Investment Secured Loan Investment Date May 14, 2025 Maturity Date May 14, 2027 Interest Rate Fixed interest rate 4.0%; EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Hi-Power, LLC Type of Investment Equipment Financing Investment Date September 30, 2022 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 14.7%; EOT 1.0%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date December 22, 2023 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Delphinus, Inc. Type of Investment Warrant Investment Date June 27, 2023 Expiration Date June 22, 2033 Series Preferred Series E2026-01-012026-09-300001786108trin:ConsumerProductsAndServicesMembertrin:OgeeIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Affiliate Investments Orchard Technologies, Inc.2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Okami Medical, Inc. Type of Investment Warrant Investment Date June 24, 2025 Expiration Date June 24, 2035 Series Preferred Series F-12025-12-310001786108us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date November 14, 2024 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 15.0%2026-09-300001786108trin:KeyBankCreditFacilityMember2021-10-272021-10-270001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series Preferred Series 12025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date May 6, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Equity Investment Date July 5, 2023 Series Preferred Series E-12025-12-310001786108trin:InsuranceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108United States Medical Devices Okami Medical, Inc. Type of Investment Secured Loan Investment Date June 24, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date October 21, 2024 Maturity Date November 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date May 15, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date March 28, 2024 Expiration Date March 28, 2034 Series Preferred Series 32025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 21, 2026 Series Preferred Series E2026-09-300001786108us-gaap:CommonStockMember2025-07-012025-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Lendflow, Inc. Type of Investment Warrant Investment Date April 24, 2025 Expiration Date April 24, 2035 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date January 1, 2025 Expiration Date May 10, 2034 Series Common Stock2025-12-310001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Type of Investment Secured Loan Investment Date December 23, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date May 15, 2025 Maturity Date June 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date April 6, 2026 Series SPV Member Units2026-01-012026-09-300001786108exch:XNYStrin:NotesDueSeptember2029Member2026-01-012026-09-300001786108trin:BiotechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-06-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Wisetack, Inc. Type of Investment Secured Loan Investment Date December 9, 2025 Maturity Date September 22, 2027 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Hologram, Inc. Type of Investment Warrant Investment Date January 31, 2020 Expiration Date January 27, 2030 Series Common Stock2025-01-012025-12-310001786108United States Healthcare Technology Moxe Health Corporation Type of Investment Secured Loan Investment Date December 29, 2023 Maturity Date January 1, 2028 Variable interest rate Prime + 5.5% or Floor rate 13.0%; EOT 4.8%2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date September 4, 2026 Expiration Date April 28, 2036 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date April 9, 2026 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Warrant Investment Date April 8, 2022 Expiration Date April 8, 2034 Series Preferred Series A2025-12-310001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:LightforceOrthodonticsIncMembercountry:US2026-09-300001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2026-01-012026-09-300001786108United States Software as a Service ("SaaS") CW AcquisitionsCo Secured Loan Investment Date June 12, 2026 Maturity Date June 12, 2032 Interest Rate Variable interest rate SOFR 3 Month Term + 8.5%; EOT 0.0%2026-01-012026-09-3000017861082025-04-012025-06-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date August 1, 2024 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 23, 2027 Series Preferred Series C2025-12-310001786108United States Software as a Service ("SaaS") Kibo Software, Inc. Secured Loan Investment Date May 22, 2026 Maturity Date May 22, 2031 Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. One Type of Investment Warrant Investment Date September 23, 2024 Expiration Date September 23, 2034 Series Common Stock2025-01-012025-12-310001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2025-09-300001786108United States Other Healthcare Services LHV Newco LLC Secured loan Investment Date February 5, 2026 Maturity Date February 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date November 25, 2024 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.7%; EOT 0.0%2026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2021-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock2025-01-012025-12-310001786108trin:EyelitTechnologiesIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2024-12-310001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2026-01-012026-09-300001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date December 9, 2025 Maturity Date September 22, 2027 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2026-09-300001786108trin:TransportationTechnologyMember2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date December 20, 2024 Expiration Date July 31, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date August 9, 2022 Expiration Date August 9, 2032 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.6%; EOT 15.0%2025-01-012025-12-310001786108trin:December2026NotesMember2025-01-012025-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Bolb, Inc. Type of Investment Warrant Investment Date October 12, 2021 Expiration Date October 12, 2031 Series Common Stock2025-12-310001786108trin:LendflowIncMembertrin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Warrant Investment Date December 14, 2022 Expiration Date December 14, 2032 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date July 2, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date December 24, 2025 Maturity Date December 1, 2030 Interest Rate Fixed interest rate 11.4%; EOT 6.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Series C-22025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date December 27, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8% ; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Form Energy Inc. Type of Investment Warrant Investment Date October 21, 2024 Expiration Date October 21, 2034 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date August 5, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Three Type of Investment Warrant Investment Date February 5, 2024 Expiration Date February 5, 2034 Series Common Stock2025-01-012025-12-310001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date September 25, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2026-09-300001786108United States Biotechnology Taysha Gene Therapies, Inc. Secured Loan Investment Date August 7, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 5.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Equity Investment Date May 16, 2024 Series Preferred Series C2026-09-300001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date February 3, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date May 27, 2022 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:EquityFundsMembersrt:MaximumMember2026-09-300001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 2026 One2026-09-300001786108trin:MarketingMediaAndEntertainmentMember2026-09-300001786108United States Medical Devices Cagent Vascular, Inc. Type of Investment Secured Loan Investment Date January 24, 2025 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date April 28, 2026 Expiration Date April 28, 2036 Series Common Stock2026-09-300001786108us-gaap:ForeignExchangeForwardMember2025-07-012025-09-300001786108United States Financial Technology Alt Lending SPV II, LLC Secured Loan Investment Date July 8, 2025 Maturity Date July 8, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.0%; EOT 0.0%2026-01-012026-09-300001786108trin:PortofinoLabsIncMemberus-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2026-09-300001786108United States Healthcare Technology Paytient Technologies, Inc. Secured Loan Investment Date May 27, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2026-01-012026-09-300001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Secured Loan Investment Date September 8, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Drone Racing League, Inc. Type of Investment Warrant Investment Date October 17, 2022 Expiration Date October 17, 2032 Series Common Stock2025-12-310001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date September 9, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.0%; EOT 4.0%2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Secured Loan Investment Date August 25, 2025 Maturity Date August 25, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 4.0%2026-09-300001786108trin:ConstructionTechnologyMember2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2030 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date November 2, 2028 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 15, 2023 Series Preferred Series E-1D12026-01-012026-09-300001786108United States Healthcare Technology Lightning Step Technologies, LLC Type of Investment Secured Loan Investment Date October 22, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 7.1%; EOT 0.0%2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Uniphore Technologies Inc. Secured Loan ID September 30, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%2026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2024-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date December 12, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2026-01-012026-09-300001786108trin:SevenPointZeroZeroNotesDue2025Member2020-01-162020-01-160001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date September 9, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.0%; EOT 4.0%2025-12-310001786108United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Secured Loan Investment Date April 8, 2022 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 7.5% or Floor rate 10.8%; EOT 2.5%2026-01-012026-09-300001786108trin:EducationTechnologyMember2025-12-310001786108trin:StockRepurchaseProramMemberus-gaap:CommonStockMembersrt:MaximumMember2024-11-070001786108Europe Healthcare Technology Unmind LTD Secured Loan Investment Date July 8, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.0%2026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Equity Investment Date August 17, 2021 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 20, 2024 Series Class B Common Stock2026-01-012026-09-300001786108Control Investments WorkWell Prevention & Care Inc.2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date April 20, 2028 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Silk Technologies, Inc. Type of Investment Equity Investment Date November 9, 2025 Series SAFE Note2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date February 17, 2026 Maturity Date August 1, 2029 Interest Rate Fixed interest rate 11.9%; EOT 5.0%2026-09-300001786108United States Consumer Products & Services Quip NYC, Inc. Secured Loan Investment Date September 30, 2025 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 9.0% or Floor rate 12.3%; EOT 0.0%2025-01-012025-12-310001786108trin:GoldmanSachsFinancialSquareGovernmentInstitutionalFundMember2025-12-310001786108trin:SpaceTechnologyMember2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date September 18, 2024 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date July 29, 2023 Series Class B Common Stock2025-01-012025-12-310001786108trin:AIAutomationAndRoboticsMember2026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Preferred Series CC2026-01-012026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:CMRSurgicalLimitedMembersrt:EuropeMember2025-12-310001786108United States Artificial Intelligence & Automation Swimlane, Inc. Secured Loan Investment Date May 28, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.3%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series BB2025-01-012025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date October 30, 2025 Maturity Date November 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:ConstructionTechnologyMembercountry:US2026-09-300001786108United States Medical Devices Neurolens, Inc. Secured Loan Investment Date January 21, 2025 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2026-01-012026-09-300001786108trin:HumanResourceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date July 12, 2024 Expiration Date July 12, 2036 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date July 29, 2023 Series Class B Common Stock2026-09-300001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date April 29, 2022 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMember2025-01-012025-12-310001786108us-gaap:ForeignExchangeForwardMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Okami Medical, Inc. Type of Investment Warrant Investment Date June 24, 2025 Expiration Date June 24, 2035 Series Preferred Series F-12026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Intelligent Brands, Inc. (f.k.a. PSB Holdings, Inc.) Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 29, 2032 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Genezen Holdings Inc.Type of Investment Warrant Investment Date August 11, 2026 Expiration Date August 11, 2036 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.6%; EOT 15.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Silk Technologies, Inc. Type of Investment Warrant Investment Date November 4, 2024 Expiration Date November 4, 2034 Series Common Stock2026-09-300001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2025-12-310001786108us-gaap:CommonStockMember2025-01-012025-09-300001786108us-gaap:WarrantMembertrin:TransportationTechnologyMembercountry:US2025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date June 29, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date July 16, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology DailyPay, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equity Investment Date April 14, 2025 Series Preferred Series A-22025-12-310001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-09-300001786108trin:OtherCashAccountsMember2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cart.com, Inc. Type of Investment Warrant Investment Date November 17, 2023 Expiration Date November 17, 2033 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date February 3, 2025 Expiration Date July 31, 2034 Series Common Stock2026-09-300001786108trin:July2030NotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Type of Investment Warrant Investment Date February 14, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32026-09-300001786108United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date December 17, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Equipment Financing Investment Date June 4, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 11.8%; EOT 4.0%2025-12-310001786108trin:BWellConnectedHealthIncMembertrin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Everalbum, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 29, 2026 Series Class A Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMemberus-gaap:MeasurementInputRevenueMultipleMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date July 1, 2024 Expiration Date May 10, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date July 5, 2022 Series Preferred Series E-1D2026-01-012026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date July 18, 2025 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-01-012025-12-310001786108trin:AIAutomationAndRoboticsMember2025-12-310001786108trin:SeriesANotesMember2025-07-012025-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology PurpleLab, Inc. Type of Investment Warrant Investment Date September 24, 2025 Expiration Date September 24, 2035 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2021-01-012021-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date October 2, 2024 Series Common Stock2025-01-012025-12-310001786108Affiliate Investments GoFor Delivers, Inc.2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Bestow, Inc. Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series C-22025-01-012025-12-3100017861082024-07-012024-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembertrin:AllSpaceNetworksLimitedMembersrt:EuropeMember2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 9, 2029 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date February 3, 2025 Expiration Date July 31, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Mesa Financial, Inc. Type of Investment Warrant Investment Date September 9, 2026 Expiration Date September 9, 2036 Series Common Stock2026-01-012026-09-300001786108United States Finance and Insurance Kard Financial, Inc. Secured Loan Investment Date September 10, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.0%2025-12-310001786108trin:ApijectHoldingsIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Equity Investment Date August 19, 2021 Series Preferred Series D2025-12-310001786108us-gaap:DebtSecuritiesMembertrin:DiagnosticsAndToolsMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Equity Investment Date August 17, 2021 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Warrant Investment Date October 14, 2022 Expiration Date October 14, 2022 Series Common Stock2026-01-012026-09-300001786108United States Medical Devices Neuros Medical, Inc. Type of Investment Secured Loan Investment Date December 11, 2025 Maturity Date January 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 4.0%2025-12-310001786108trin:HumanResourceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date July 10, 2026 Expiration Date April 28, 2036 Series Common Stock2026-01-012026-09-300001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date March 24, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series BB2026-01-012026-09-300001786108United States Supply Chain Technology Macrofab, Inc. Type of Investment Secured Loan Investment Date July 21, 2023 Maturity Date August 1, 2027 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 13.3%; EOT 4.5%2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date May 1, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 11.5%; EOT 5.0%2026-09-300001786108trin:TransportationTechnologyMember2025-12-310001786108us-gaap:CommonClassAMemberexch:XCHI2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2023-01-012023-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date March 28, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-09-300001786108Portfolio Company Equity Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Equity Investment Date January 30, 2024 Series Preferred Series C-12025-01-012025-12-310001786108United States Biotechnology Candel Therapeutics, Inc. Secured Loan Investment Date October 14, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 9.8%; EOT 4.3%2025-01-012025-12-310001786108United States Medical Devices Cagent Vascular, Inc. Secured Loan Investment Date January 15, 2026 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Gravie, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Common Stock2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Secured Loan Investment Date August 25, 2025 Maturity Date August 25, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 4.0%2025-01-012025-12-310001786108United States Finance and Insurance PatientFi, Inc. Type of Investment Secured Loan Investment Date March 14, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2025-12-310001786108trin:Ept16LlcMember2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date September 19, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2025-12-310001786108trin:ControlAndAffiliateInvestmentsOneMember2026-09-300001786108United States Supply Chain Technology Inktavo, LLC Secured Loan Investment Date October 15, 2025 Maturity Date October 15, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.8%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Crowdtap, Inc. Type of Investment Equity Investment Date December 5, 2025 Series Preferred Series B2026-01-012026-09-300001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMember2026-09-300001786108trin:WarrantInvestmentsMember2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics K2View Inc. Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Ordinary2026-09-300001786108Portfolio Company Warrant Investments- Canada Financial Technology Koho Financial, Inc.Type of Investment Warrant Investment Date September 15, 2026 Expiration Date September 15, 2036 Series Common Stock2026-01-012026-09-300001786108Affiliate Investments Project Frog, Inc.2026-01-012026-09-300001786108trin:SBICLPMember2026-07-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Dentologie Enterprises, Inc. Type of Investment Equity Investment Date August 3, 2023 Series Common Stock2026-01-012026-09-300001786108trin:O2026M11DividendsMember2026-11-132026-11-130001786108us-gaap:ForeignExchangeForwardMember2025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date June 24, 2024 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 10.9%; EOT 7.5%2026-09-300001786108us-gaap:DebtSecuritiesMembercountry:CA2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date May 27, 2035 Series Common Stock2026-09-300001786108trin:DirectLendingMember2026-09-300001786108United States Energy & Resource Technology Infravision Inc Secured Loan Investment Date August 31, 2026 Maturity Date October 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.5%2026-09-300001786108Affiliate Investments Orchard Technologies, Inc.2026-09-300001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Type of Investment Warrant Investment Date August 8, 2025 Expiration Date August 8, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Artificial Intelligence & Automation Cabernet AI, Inc. Type of Investment Equity Investment Date February 27, 2025 Series SAFE Note2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date September 8, 2025 Expiration Date September 11, 2030 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Axosoft, LLC (dba GitKraken) Secured Loan Investment Date September 3, 2026 Maturity Date September 3, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date September 21, 2026 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Warrant Investment Date September 14, 2022 Expiration Date September 14, 2032 Series Common Stock2026-01-012026-09-300001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date February 3, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-09-300001786108United States Space Technology Hermeus Corporation Equipment Financing Investment Date May 22, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 11.3%; EOT 4.0%2026-01-012026-09-300001786108trin:FoodAndAgricultureTechnologiesMember2026-09-300001786108trin:ConnectivityMemberus-gaap:EquitySecuritiesMembertrin:VerticalCommunicationsIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Emboline, Inc. Type of Investment Warrant Investment Date March 3, 2026 Expiration Date March 3, 2036 Series Preferred Series D2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date November 29, 2021 Expiration Date November 29, 2031 Series Preferred Series D2025-01-012025-12-310001786108United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Secured Loan Investment Date August 8, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-01-012026-09-300001786108trin:Ept16LlcMember2025-12-310001786108us-gaap:AccountsPayableAndOtherAccruedLiabilitiesus-gaap:ForeignExchangeForwardMember2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 9, 2029 Series Preferred Series B2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS Cart.com, Inc. Type of Investment Equity Investment Date April 17, 2024 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Warrant Investment Date April 10, 2025 Expiration Date April 10, 2035 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AAA2025-01-012025-12-310001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Secured Loan Investment Date December 23, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date May 27, 2022 Series Common Stock2026-01-012026-09-300001786108trin:SupplyChainTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108United States Healthcare Technology PurpleLab, Inc. Secured Loan Investment Date September 24, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 2.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.2%; EOT 10.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Education Technology Edblox, Inc. Type of Investment Warrant Investment Date March 19, 2024 Expiration Date March 19, 2034 Series Common Stock2025-01-012025-12-310001786108trin:EnergyAndResourceTechnologyMemberus-gaap:DebtSecuritiesMembertrin:ElectricHydrogenCoMembercountry:US2025-12-310001786108trin:CapTrinPartnersLLCMember2026-09-300001786108Control Investments Desert Star 2026 LLC2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date April 13, 2023 Expiration Date April 13, 2033 Series Common Stock2025-12-310001786108United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Secured Loan Investment Date October 2, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2025-01-012025-12-310001786108United States Space Technology Hermeus Corporation Equipment Financing Investment Date March 23, 2026 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 11.3%; EOT 4.0%2026-01-012026-09-300001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2022-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- Europe Medical Devices CMR Surgical Limited Type of Investment Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-12-310001786108us-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembertrin:RTSHoldingIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Warrant Investment Date June 4, 2024 Maturity Date June 4, 2034 Series Common Stock2026-01-012026-09-300001786108srt:MaximumMember2026-01-012026-09-300001786108Affiliate Investments Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date June 13, 2025 Expiration Date July 31, 2034 Series Common Stock2025-01-012025-12-310001786108trin:September2029NotesMember2026-09-300001786108Portfolio Company Debt Securities- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Secured Loan Investment Date January 30, 2023 Maturity Date December 5, 2028 Interest Rate Fixed interest rate 8.5%; EOT 0.0%2025-01-012025-12-310001786108trin:IndustrialsMember2026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembertrin:AllSpaceNetworksLimitedMembersrt:EuropeMember2025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date April 23, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date April 28, 2026 Expiration Date April 28, 2036 Series Common Stock2026-01-012026-09-300001786108Canada Supply Chain Technology GoFor Delivers, Inc. Secured Loan Investment Date June 28, 2024 Maturity Date July 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 12.0%; EOT 2.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-12026-01-012026-09-300001786108trin:July2030NotesMembertrin:SeniorSecuritiesMember2026-01-012026-09-300001786108trin:WorkWellPreventionAndCareIncMembertrin:HealthcareTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108us-gaap:OtherAssetsus-gaap:ForeignExchangeForwardMember2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Axiom Space, Inc. Type of Investment Equity Investment Date January 18, 2023 Series Preferred Series C-12025-01-012025-12-310001786108trin:SupplyChainTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Zero Acre Farms, Inc. Type of Investment Warrant Investment Date December 23, 2022 Expiration Date December 23, 2032 Series Class A Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Firefly Systems, Inc. Type of Investment Warrant Investment Date January 29, 2020 Expiration Date January 29, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Smartly, Inc. Type of Investment Warrant Investment Date May 16, 2022 Expiration Date May 16, 2034 Series Common Stock2025-12-310001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date December 17, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date September 30, 2021 Expiration Date September 30, 2031 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date August 6, 2021 Series Preferred Series 22026-01-012026-09-300001786108United States Consumer Products & Services Clutch, Inc. Secured Loan Investment Date June 30, 2026 Maturity Date June 30, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.2%; EOT 0.0%2026-01-012026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.2%; EOT 10.0%2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 7, 2025 Series Preferred Series E-12025-01-012025-12-310001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembercountry:US2026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date November 20, 2025 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Preferred Series E-12026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series B2025-01-012025-12-310001786108trin:KeyBankCreditFacilityMember2025-01-012025-09-300001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date December 27, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Equity Investment Date June 28, 2024 Series Preferred Series 2 Seed2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date September 8, 2025 Expiration Date September 11, 2030 Series Common Stock2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:SupplyChainTechnologyMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Type of Investment Warrant Investment Date February 14, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:BiotechnologyMembercountry:US2025-12-310001786108trin:DigitalAssetsTechnologyAndServicesMember2025-12-310001786108us-gaap:CorporateJointVentureMembertrin:InvestmentFeeAndOtherIncome2026-01-012026-09-300001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date December 27, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8% ; EOT 0.0%2025-01-012025-12-310001786108trin:SpaceTechnologyMembertrin:EarthdailyConstellationHoldingsLPMemberus-gaap:DebtSecuritiesMembercountry:CA2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Moxe Health Corporation Type of Investment Warrant Investment Date December 29, 2023 Expiration Date December 29, 2033 Series Preferred Series B2025-12-310001786108trin:O2025Q3DividendsMember2025-07-012025-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date June 13, 2025 Expiration Date July 31, 2034 Series Common Stock2025-12-310001786108trin:December2026NotesMember2021-12-150001786108United States Medical Devices Neurolens, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankSecuredTermLoanFacilityMember2025-01-012025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date June 20, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date March 16, 2022 Series Preferred Senior Series 62026-01-012026-09-300001786108Control Investments Trin H OpCo I LLC2026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMembercountry:US2025-12-310001786108trin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenRestrictedStockPlanMember2025-12-310001786108Control Investments Vertical Communications, Inc.2025-12-310001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2021-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date April 23, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2026-09-300001786108trin:PrivateOfferingsMembertrin:LegacyFundsMember2020-01-162020-01-160001786108trin:RealEstateTechnologyMemberus-gaap:EquitySecuritiesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date April 6, 2026 Series SPV Member Units2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date October 21, 2024 Maturity Date November 1, 2027 Interest Rate Fixed interest rate 12.7%; EOT 3.0%2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date August 14, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Warrant Investment Date August 30, 2023 Expiration Date August 30, 2033 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Super73, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date April 20, 2028 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Real Estate Technology Prospire Technologies LTD Type of Investment Warrant Investment Date January 29, 2026 Maturity Date January 29, 2036 Series Preferred Series A12026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date January 14, 2025 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.2%; EOT 6.0%2025-01-012025-12-310001786108United States Artificial Intelligence & Automation iGrafx, LLC Secured Loan Investment Date November 12, 2025 Maturity Date November 12, 2028 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8% EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date November 20, 2020 Expiration Date November 20, 2030 Series Common Stock2025-12-310001786108trin:SpaceTechnologyMembertrin:ImpulseSpaceIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Consumer Products & Services Quip NYC, Inc. Secured Loan Investment Date September 30, 2025 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 9.0% or Floor rate 12.3%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date June 21, 2024 Expiration Date June 21, 2034 Series Common Stock2026-09-300001786108United States AI Infrastructure Boost Run Equipment Financing Investment Date September 29, 2026 Maturity Date August 1, 2029 Interest Rate Fixed interest rate 8.7%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:LarkTechnologiesIncMembertrin:HealthcareTechnologyMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date March 29, 2022 Series Preferred A-42026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date December 10, 2021 Expiration Date December 10, 2031 Series Preferred Series C2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Freedom Advisors Group LLC Type of Investment Warrant Investment Date June 15, 2022 Expiration Date June 15, 2032 Series Class B Units2026-09-300001786108United States Medical Devices Elucent Medical, Inc. Secured Loan Investment Date June 30, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.5%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Slope Tech, Inc. Type of Investment Equity Investment Date June 20, 2023 Series Preferred Series A-32026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 16, 2024 Expiration Date September 16, 2034 Series Preferred Series BB2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series C2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date September 18, 2024 Series Class B Common Stock2025-12-310001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Secured Loan Investment Date February 17, 2026 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") Ticketure LLC Type of Investment Secured Loan Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3% EOT 0.0%2025-12-310001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Type of Investment Secured Loan Investment Date February 26, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2025-12-310001786108trin:TaranaWirelessIncMembertrin:ConnectivityMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Cart.com, Inc. Type of Investment Equity Investment Date April 17, 2024 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AA-12026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc. Secured Loan Investment Date October 29, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-09-300001786108Affiliate Investments Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies GrubMarket, Inc. Type of Investment Warrant Investment Date June 15, 2020 Expiration Date June 15, 2030 Series Common Stock2025-01-012025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date March 28, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-01-012026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date June 18, 2026 Maturity Date June 1, 2029 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2026-01-012026-09-300001786108trin:ConnectivityMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series AA-12026-09-300001786108trin:SOCiIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 30, 2028 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date July 25, 2024 Expiration Date July 25, 2034 Series Common Stock2025-12-310001786108trin:CCPInterGalacticBuyerLLCMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date May 10, 2024 Expiration Date May 10, 2034 Series Common Stock2025-01-012025-12-310001786108trin:JvPartnerMember2026-09-300001786108Affiliate Investments GoFor Delivers, Inc.2026-01-012026-09-300001786108trin:EdeniqIncMembertrin:EnergyAndResourceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108trin:July2030NotesMember2025-01-012025-09-300001786108us-gaap:DebtSecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Bolb, Inc. Type of Investment Warrant Investment Date October 12, 2021 Expiration Date October 12, 2031 Series Common Stock2025-01-012025-12-3100017861082026-10-012026-11-020001786108trin:RealEstateTechnologyMembertrin:KnockawayIncMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMembersrt:MaximumMember2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date September 25, 2024 Expiration Date August 6, 2034 Series Preferred Series D2025-01-012025-12-310001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date May 10, 2022 Maturity Date June 1, 2027 Interest Rate Variable interest rate Prime + 8.0% or Floor rate 11.3%; EOT 3.8%2025-01-012025-12-310001786108United States Finance and Insurance Parafin SPV 3, LLC Type of Investment Secured Loan Investment Date July 25, 2024 Maturity Date January 25, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 13.8%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Common Stock2025-12-310001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2026-01-012026-09-300001786108United States Real Estate Technology Knockaway, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 5.0% + PIK Fixed Interest Rate 5.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date September 30, 2025 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 7.5%; EOT 0.0%2025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Kymeta Corporation Type of Investment Secured Loan Investment Date June 11, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date December 23, 2025 Maturity Date January 1, 2031 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-12-310001786108United States Software as a Service ("SaaS") OrgChart, LLC Secured Loan Investment Date January 13, 2026 Maturity Date January 14, 2031 Variable interest rate SOFR 1 Month Term + 5.5%; EOT 0.0%2026-01-012026-09-300001786108trin:SupplyChainTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 9, 2029 Series Common Stock2025-01-012025-12-310001786108trin:SeniorCreditCorp2022LlcMember2026-09-300001786108us-gaap:AdditionalPaidInCapitalMember2026-07-012026-09-300001786108United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Secured Loan Investment Date September 30, 2021 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 13.5%; EOT 5.0%2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date June 21, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMember2025-12-310001786108United States Medical Devices Emboline, Inc. Secured Loan Investment Date March 3, 2026 Maturity Date April 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.5%; EOT 4.0%2026-09-300001786108Control Investments2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date March 16, 2023 Series Preferred Series 12026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date October 10, 2022 Expiration Date October 10, 2032 Series Preferred Series D2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:BlackScholesMertonModelMembersrt:MaximumMemberus-gaap:WarrantMember2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date July 31, 2024 Expiration Date July 31, 2034 Series Common Stock2026-01-012026-09-300001786108trin:TwoThousandNineteenRestrictedStockPlanMember2025-01-012025-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Lendflow, Inc. Type of Investment Warrant Investment Date April 24, 2025 Expiration Date April 24, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Uveye, Inc. Type of Investment Warrant Investment Date December 26, 2024 Maturity Date December 26, 2034 Series Preferred Ordinary2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembertrin:ValuationTechniqueEnterpriseValueMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Hi-Power, LLC Type of Investment Equipment Financing Investment Date September 30, 2022 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 14.7%; EOT 1.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equipment Financing Investment Date July 14, 2023 Maturity Date February 1, 2027 Interest Rate Fixed interest rate 12.1%; EOT 4.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMember2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date October 10, 2023 Series Class B Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date March 18, 2022 Expiration Date March 18, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date May 27, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 22, 2024 Maturity Date August 22, 2034 Series Common Stock2025-01-012025-12-310001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date December 20, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-01-012026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date February 14, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-01-012025-12-310001786108trin:AIAutomationAndRoboticsMemberus-gaap:WarrantMembertrin:UniphoreTechnologiesIncMembercountry:US2026-09-300001786108United States Financial Technology Thrivory, Inc. Secured Loan Investment Date September 9, 2025 Maturity Date October 1, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2026-01-012026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembersrt:EuropeMember2026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2025-01-012025-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Warrant Investment Date July 10, 2026 Expiration Date April 28, 2036 Series Common Stock2026-09-300001786108trin:RealEstateTechnologyMembertrin:KnockawayIncMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Warrant Investment Date May 10, 2022 Expiration Date May 10, 2032 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equity Investment Date April 6, 2023 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date May 27, 2025 Expiration Date May 27, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Upward Health, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity viaPhoton, Inc. Type of Investment Warrant Investment Date March 31, 2022 Expiration Date March 31, 2032 Series Common Stock2025-12-310001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date September 9, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.0%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Equity Investment Date January 30, 2023 Series Member Interest2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date March 28, 2025 Maturity Date April 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 26, 2025 Series Class B Common Stock2026-01-012026-09-300001786108United States Financial Technology Mesa Financial, Inc. Secured Loan Investment Date August 29, 2024 Maturity Date April 29, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.3% or Floor rate 12.3%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date June 12, 2024 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Equity Investment Date April 18, 2023 Series Preferred Series A-62025-12-310001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date September 22, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 8.0% or Floor rate 11.3%; EOT 3.8%2025-01-012025-12-310001786108us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertrin:KeyBankCreditFacilityMembersrt:MaximumMember2021-10-272021-10-270001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date September 27, 2024 Expiration Date September 27, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States AI , Automation, & Robotics Cabernet AI, Inc. Type of Investment Equity Investment Date February 27, 2025 Series SAFE Note2026-09-300001786108us-gaap:NonUsMember2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Gtxcel, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date August 30, 2026 Series Preferred Series D2025-12-310001786108trin:GoldmanSachsFinancialSquareGovernmentInstitutionalFundMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Form Energy Inc. Type of Investment Equipment Financing Investment Date December 12, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2025-07-012025-09-300001786108trin:PortofinoLabsIncMemberus-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series AA-12025-12-310001786108trin:SeniorSecuritiesMember2021-01-012021-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series C2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date July 12, 2024 Expiration Date July 12, 2036 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:SaasMembertrin:StenoAgencyIncMembercountry:US2026-09-300001786108United States Artificial Intelligence & Automation K2View Inc. Secured Loan Investment Date May 30, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 2.5%2025-12-310001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date June 10, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 2.5%2026-01-012026-09-300001786108trin:AIAutomationAndRoboticsMembertrin:PathRoboticsIncMemberus-gaap:WarrantMembercountry:US2026-09-300001786108United States Medical Devices Neurolens, Inc. Type of Investment Secured Loan Investment Date September 29, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2025-01-012025-12-310001786108United States Financial Technology Maior AI, Inc. Secured Loan Investment Date August 27, 2026 Maturity Date February 27, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 10.0% or Floor rate 12.0%; EOT 0.0%2026-01-012026-09-300001786108trin:NortheastAmericaMember2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 23, 2027 Series Preferred Series C2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembersrt:EuropeMember2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date May 27, 2035 Series Common Stock2025-12-310001786108trin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputRevenueMultipleMember2025-12-310001786108trin:July2030NotesMembertrin:SeniorSecuritiesMember2025-01-012025-12-310001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date August 7, 2024 Maturity Date April 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-09-300001786108trin:DistributionReinvestmentPlanMember2026-01-012026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2024-01-012024-12-310001786108trin:TwoThousandNineteenRestrictedStockPlanMember2025-12-310001786108Control Investments Vertical Communications, Inc.2026-09-300001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembertrin:MadisonReedIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date August 9, 2022 Expiration Date August 9, 2032 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMembersrt:MaximumMember2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 29, 2023 Series Preferred Series AA2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date December 11, 2023 Series Preferred B-12026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Restor3d, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Preferred Series A2026-09-300001786108trin:HealthcareTechnologyMembertrin:LightningStepTechnologiesLLCMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Control Investments2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Kymeta Corporation Type of Investment Secured Loan Investment Date July 3, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2025-12-310001786108United States Healthcare Technology PurpleLab, Inc. Secured Loan Investment Date September 24, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 2.0%2026-09-300001786108United States Space Technology Kymeta Corporation Secured Loan Investment Date July 3, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2026-01-012026-09-300001786108us-gaap:DebtMembertrin:TrinityInvestorJVILLCMember2025-12-310001786108United States Finance and Insurance PatientFi, Inc. Type of Investment Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2025-01-012025-12-310001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date August 25, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2026-09-300001786108Formation Transactions2026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 31, 2026 Series Series 2026-ST42026-01-012026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc.Secured Loan Investment Date April 10, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-09-300001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date August 15, 2024 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date January 2, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Route 92 Medical, Inc. Type of Investment Warrant Investment Date September 29, 2026 Expiration Date September 29, 2036 Series Preferred Series F-22026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date March 18, 2022 Expiration Date March 18, 2032 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation K2View Inc. Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Ordinary2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Common Stock2026-01-012026-09-300001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2026-09-300001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date October 1, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-12-310001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date May 28, 2024 Maturity Date May 1, 2026 Interest Rate Fixed interest rate 16.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date February 16, 2024 Expiration Date February 16, 2034 Series Common Stock2026-09-300001786108United States Artificial Intelligence & Automation Cirrascale Cloud Services, LLC Equipment Financing Investment Date October 22, 2024 Maturity Date April 1, 2027 Interest Rate Fixed interest rate 10.2%; EOT 5.0%2025-12-310001786108us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenRestrictedStockPlanMember2026-01-012026-09-300001786108us-gaap:CommonStockMember2026-09-300001786108trin:MultiSectorHoldingsMember2025-12-310001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenRestrictedStockPlanMember2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Smartly, Inc. Type of Investment Equity Investment Date March 29, 2023 Series Preferred Series B2026-09-300001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date November 14, 2024 Maturity Date December 1, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 19, 2022 Maturity Date August 19, 2032 Series Common Stock2025-12-310001786108United States Healthcare Technology Lightning Step Technologies, LLC Secured Loan Investment Date August 6, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 7.1%; EOT 0.0%2026-09-300001786108us-gaap:CorporateJointVentureMembertrin:InvestmentFeeAndOtherIncome2025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date September 30, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.1%; EOT 7.5%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Equity Investment Date November 1, 2021 Series Preferred Series B-12026-09-300001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date December 31, 2021 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108Control Investments Vertical Communications, Inc.2024-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equity Investment Date April 6, 2023 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Intelligent Brands, Inc. (f.k.a. PSB Holdings, Inc.) Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 29, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Two Type of Investment Warrant Investment Date August 3, 2021 Expiration Date December 31, 2031 Series Preferred Series CC2025-12-310001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:WarrantMembertrin:DrinkpakLlcMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date January 19, 2024 Expiration Date January 19, 2034 Series Preferred Series D-12026-01-012026-09-300001786108United States Artificial Intelligence & Automation iGrafx, LLC Secured Loan Investment Date November 12, 2025 Maturity Date November 12, 2028 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8% EOT 0.0%2025-12-310001786108United States Medical Devices Emboline, Inc. Secured Loan Investment Date March 3, 2026 Maturity Date April 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.5%; EOT 4.0%2026-01-012026-09-300001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date May 6, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108United States Medical Devices Neurolens, Inc. Type of Investment Secured Loan Investment Date January 21, 2025 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2025-01-012025-12-310001786108trin:ArtificialIntelligenceAndInfrastructureMember2026-09-300001786108us-gaap:FairValueMeasurementsRecurringMembertrin:WarrantInvestmentsMember2026-09-300001786108Portfolio Company Warrant Investments – Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 19, 2022 Maturity Date August 19, 2032 Series Common Stock2026-09-300001786108trin:SeniorSecuritiesMember2020-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date January 6, 2025 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-01-012025-12-310001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date February 12, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.6%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Warrant Investment Date March 9, 2021 Expiration Date March 9, 2031 Series Preferred Series A-1A2026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108United States Transportation Technology EH Leasing Company, LLC Equipment Financing Investment Date November 1, 2025 Maturity Date November 1, 2029 Interest Rate Fixed interest rate 14.4%; EOT 18.7%2026-09-300001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2024-01-012024-12-310001786108Control Investments Knockaway, Inc.2026-01-012026-09-300001786108trin:FinanceAndInsuranceMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Real Estate Technology Knockaway, Inc. Type of Investment Secured Loan Investment Date May 14, 2025 Maturity Date May 14, 2027 Interest Rate Fixed interest rate 4.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Gravie, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Common Stock2025-01-012025-12-310001786108United States Space Technology Astranis Space Technology Corporation Secured Loan Investment Date August 25, 2025 Maturity Date August 25, 2030 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 4.0%2026-01-012026-09-300001786108Control Investments Knockaway, Inc.2024-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date March 24, 2026 Maturity Date April 1, 2029 Interest Rate Fixed interest rate 11.8%; EOT 1.0%2026-09-300001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date June 27, 2024 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.6%; EOT 15.0%2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.6%; EOT 4.0%2025-12-310001786108trin:ConnectivityMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:FinancialTechnologyMembertrin:WayflyerLimitedMemberus-gaap:EquitySecuritiesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Sortera Technologies, Inc. Type of Investment Warrant Investment Date February 11, 2025 Expiration Date February 11, 2035 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Happiest Baby, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 16, 2029 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date February 17, 2026 Expiration Date September 11, 2030 Series Common Stock2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date December 17, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-09-300001786108United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Secured Loan Investment Date September 1, 2025 Maturity Date June 1, 2026 Interest Rate Fixed interest rate 12.0%; EOT 0.0%2025-01-012025-12-310001786108trin:September2029NotesMember2025-07-012025-09-300001786108Portfolio Company Equity Investments- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Equity Investment Date June 28, 2024 Series Preferred Series 2 Seed2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMember2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 9, 2029 Series Preferred Series B2025-01-012025-12-310001786108United States Medical Devices Neuros Medical, Inc. Secured Loan Investment Date December 11, 2025 Maturity Date January 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date July 31, 2024 Expiration Date July 31, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date March 21, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Equity Investment Date January 30, 2023 Series Member Interest2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date October 9, 2025 Series Preferred Series 82026-01-012026-09-300001786108us-gaap:WarrantMembertrin:MesaFinancingILLCMembertrin:FinanceAndInsuranceMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 15, 2023 Series Preferred Series E-1D12026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 24, 2029 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date December 11, 2023 Series Preferred Series B-12025-01-012025-12-310001786108United States Financial Technology Parafin SPV 2, LLC Secured Loan Investment Date March 17, 2026 Maturity Date March 13, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 7.3% or Floor rate 9.3%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 29, 2023 Expiration Date September 29, 2033 Series Common Stock2025-12-310001786108trin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:WarrantMembertrin:IntelligentBrandsIncMembercountry:US2025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:WarrantMembercountry:US2025-12-310001786108United States Connectivity Tarana Wireless, Inc Secured Loan Investment Date September 23, 2024 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.5%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financial, Inc. Type of Investment Warrant Investment Date August 29, 2024 Expiration Date August 29, 2034 Series Common Stock2025-01-012025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date October 30, 2025 Maturity Date November 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2025-12-310001786108us-gaap:CorporateJointVentureMember2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date November 14, 2024 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 15.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States, Medical Devices, Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date September 30, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.3%; EOT 7.5%2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MaximumMember2025-12-310001786108trin:TwoThousandTwentyFiveNotesMember2022-07-220001786108United States Financial Technology Slope Tech, Inc. Secured Loan Investment Date October 5, 2022 Maturity Date February 27, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 11.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date September 8, 2025 Expiration Date September 11, 2030 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology DailyPay, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2026-09-300001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date March 29, 2024 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2026-01-012026-09-300001786108trin:O2025Q1DividendsMember2025-01-012025-03-310001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date December 9, 2025 Maturity Date September 22, 2027 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date November 2, 2028 Series Preferred Series C2025-12-310001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2024-01-012024-12-310001786108trin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Real Estate Technology Cpacket Networks, Inc. Secured Loan Investment Date January 29, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 12.0% + PIK Fixed Interest Rate 1.3%; EOT 3.0%2025-12-310001786108trin:DesertStarMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Healthcare Technology Unmind LTD Type of Investment Warrant Investment Date July 7, 2025 Maturity Date July 7, 2035 Series Ordinary2026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 5, 2023 Series Preferred Series C Prime2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035, Series Common Stock2025-12-310001786108trin:MarketingMediaAndEntertainmentMember2025-12-310001786108us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertrin:KeyBankSecuredTermLoanFacilityMember2025-11-052025-11-050001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date April 29, 2024 Series Preferred Series B-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology PatientFi, Inc. Type of Investment Warrant Investment Date December 16, 2025 Expiration Date March 14, 2035 Series Preferred Series B2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date June 25, 2025 Expiration Date May 7, 2035 Series Common Stock2025-01-012025-12-310001786108United States AI Infrastructure Trin H OpCo I LLC Equipment Financing Investment Date April 29, 2026 Maturity Date March 1, 2029 Interest Rate Fixed interest rate 14.9%; EOT 0.0%2026-09-300001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date May 14, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 6.5% or Floor rate 11.3%; EOT 3.8%2026-09-300001786108trin:TrinityInvestorJVILLCMember2025-12-310001786108trin:SBICLPMember2026-01-012026-09-300001786108United States Real Estate Technology Knockaway, Inc. Secured Loan Investment Date May 14, 2025 Maturity Date May 14, 2027 Interest Rate Fixed interest rate 4.0%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:PatientFiIncMembertrin:FinanceAndInsuranceMembercountry:US2025-12-310001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date March 3, 2026 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics D-Wave Quantum Inc. Type of Investment Warrant Investment Date August 1, 2025 Expiration Date August 1, 2035 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Trendly, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date August 10, 2026 Series Preferred Series A2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Wisetack, Inc. Type of Investment Warrant Investment Date November 14, 2024 Expiration Date November 14, 2034 Series Common Stock2025-12-310001786108trin:ConstructionTechnologyMembertrin:ProjectFrogIncMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date December 23, 2024 Expiration Date December 23, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Form Energy Inc. Type of Investment Warrant Investment Date October 21, 2024 Expiration Date October 21, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 29, 2027 Series Preferred Series C2025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2021-01-012021-12-310001786108trin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:SeriesANotesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Warrant Investment Date March 3, 2023 Expiration Date April 29, 2032 Series Class A Common Stock2025-01-012025-12-310001786108trin:ConsumerProductsAndServicesMembertrin:RinseIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-3100017861082025-03-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment PebblePost, Inc. Type of Investment Warrant Investment Date May 7, 2021 Expiration Date May 7, 2031 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Zuum Transportation, Inc. Type of Investment Warrant Investment Date April 30, 2024 Maturity Date April 30, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date October 17, 2025 Series Series 2025-ST72026-01-012026-09-300001786108Control Investments Edeniq, Inc.2024-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date May 20, 2025 Expiration Date July 31, 2034 Series Common Stock2025-12-310001786108trin:RealEstateTechnologyMembertrin:OrchardTechnologiesIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Control Investments Equipment Leasing Services, LLC2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:RarefiedAtmosphereIncMembercountry:UStrin:MarketingMediaAndEntertainmentMember2026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 21, 2026 Series Preferred Series D-12026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date September 15, 2025 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2024-12-310001786108Affiliate Investments iTutor.com, Inc2026-01-012026-09-300001786108United States Finance and Insurance Parafin SPV 2, LLC Type of Investment Secured Loan Investment Date February 22, 2024 Maturity Date December 21, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 12.8%; EOT 0.0%2025-01-012025-12-310001786108United States Other Healthcare Services Renalogic Holdings, Inc. Secured Loan Investment Date June 30, 2025 Maturity Date June 30, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%2026-01-012026-09-300001786108trin:KeyBankCreditFacilityMember2021-10-270001786108trin:August2026NotesMember2025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Secured Loan Investment Date October 2, 2024 Maturity Date October 2, 2026 Interest Rate Fixed interest rate 6.0%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Cart.com, Inc. Type of Investment Equity Investment Date April 17, 2024 Series Preferred Series C2025-12-310001786108trin:AngelStudiosIncMemberus-gaap:DebtSecuritiesMembercountry:UStrin:MarketingMediaAndEntertainmentMember2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Equity Investment Date August 3, 2026 Series Preferred Series D2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date January 19, 2024 Expiration Date January 19, 2034 Series Preferred Series D-12025-12-310001786108us-gaap:RealizedInvestmentGainsLossestrin:DesertStar2026LLCMember2026-07-012026-09-300001786108us-gaap:DebtSecuritiesMembertrin:OtherHealthcareServicesMembercountry:US2026-09-300001786108trin:CreditFacilityMember2026-09-300001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2026-09-300001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:DebtMembertrin:ValuationTechniqueEnterpriseValueMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2025-12-310001786108United States Financial Technology Parafin SPV 2, LLC Secured Loan Investment Date March 17, 2026 Maturity Date March 13, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 7.3% or Floor rate 9.3%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date September 30, 2025 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 7.5%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Super73, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2026-01-012026-09-300001786108United States Medical Devices Elucent Medical, Inc. Secured Loan Investment Date June 30, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.5%2026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date December 27, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.9%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 6, 2024 Series Class B Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 14, 2035 Series Preferred Series C-12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date June 9, 2024 Series Class B Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:TransportationTechnologyMembertrin:NextCarHoldingCompanyIncMembercountry:US2026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date August 13, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date May 10, 2024 Series Preferred Series B-12025-12-310001786108trin:SoutheastAmericaMember2026-09-300001786108United States Medical Devices Cala Health, Inc. Secured Loan Investment Date February 24, 2026 Maturity Date March 1, 2031 Interest Rate Variable interest rate Prime + 1.5% + PIK Fixed Interest Rate 1.5% or Floor rate 10.0%; EOT 4.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Maior AI, Inc. Type of Investment Warrant Investment Date August 24, 2026 Expiration Date August 24, 2036 Series Common Stock2026-09-300001786108trin:SaasMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108us-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembertrin:RTSHoldingIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 30, 2026 Series Preferred Series D-22025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembertrin:ValuationTechniqueCostApproximatesFairValueMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services SI Tickets, Inc. Type of Investment Warrant Investment Date May 11, 2022 Expiration Date May 11, 2032 Series Common Stock2025-01-012025-12-310001786108us-gaap:RealizedInvestmentGainsLossestrin:DesertStar2026LLCMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Cala Health, Inc. Type of Investment Warrant Investment Date February 24, 2026 Expiration Date February 24, 2036 Series Preferred Series C-12026-09-300001786108United States Medical Devices Cagent Vascular, Inc. Secured Loan Investment Date January 24, 2025 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Connectivity viaPhoton Inc. Type of Investment Equity Investment Date October 3, 2025 Series Preferred Series B-52025-01-012025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date October 3, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembercountry:US2025-12-310001786108Affiliate Investments Nomad Health, Inc.2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Swimlane, Inc. Type of Investment Warrant Investment Date May 28, 2025 Expiration Date May 28, 2037 Series Preferred Series B2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Kard Financial, Inc. Type of Investment Warrant Investment Date September 10, 2025 Expiration Date September 10, 2035 Series Common Stock2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date December 26, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-01-012026-09-300001786108trin:HumanResourceTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 18, 2022 Expiration Date February 18, 2032 Series Common Stock2025-01-012025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-12-310001786108United States Medical Devices Shoulder Innovations, Inc. Type of Investment Secured Loan Investment Date August 7, 2023 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.0%; EOT 3.0%2025-01-012025-12-310001786108us-gaap:UnsecuredDebtMembertrin:TwoThousandTwentyFiveNotesMember2020-01-290001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Tquila Automation, Inc Type of Investment Warrant Investment Date July 2, 2025 Expiration Date July 2, 2037 Series Common Stock2025-01-012025-12-310001786108Control Investments Knockaway, Inc.2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant One Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2025-12-310001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Type of Investment Secured Loan Investment Date April 28, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-01-012026-09-300001786108trin:SaasMember2025-12-310001786108us-gaap:WarrantMembertrin:SaasMembertrin:StenoAgencyIncMembercountry:US2025-12-310001786108United States Transportation Technology NextCar Holding Company, Inc. Secured Loan Investment Date November 4, 2025 Maturity Date December 31, 2026 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2026-09-300001786108Prime Rate2025-12-310001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date January 5, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 14, 2020 Expiration Date February 14, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date March 24, 2025 Maturity Date March 24, 2030 Series Ordinary2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Silk Technologies, Inc. Type of Investment Equity Investment Date November 9, 2025 Series SAFE Note2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date July 31, 2025 Expiration Date May 7, 2035 Series Common Stock2025-01-012025-12-310001786108us-gaap:AdditionalPaidInCapitalMember2026-09-300001786108trin:CapTrinMember2026-09-300001786108United States Consumer Products & Services Quip NYC, Inc. Secured Loan Investment Date September 30, 2025 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 9.0% or Floor rate 12.3%; EOT 0.0%2026-01-012026-09-300001786108trin:O2026M1DividendsMember2026-01-150001786108United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Secured Loan Investment Date October 29, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 26, 2026 Series Preferred Series E-1 One2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date April 29, 2021 Expiration Date April 29, 2031 Series Common Stock2026-09-300001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date November 4, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date October 3, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-09-300001786108trin:EquityATMProgramMemberus-gaap:SubsequentEventMember2026-10-012026-11-020001786108trin:NucleusRadioPharmaIncMembertrin:SupplyChainTechnologyMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date May 6, 2025 Expiration Date May 6, 2037 Series Common Stock2025-12-310001786108Affiliate Investments2025-01-012025-12-310001786108United States Other Healthcare Services Genezen Holdings Inc. Secured loan Investment Date August 11, 2026 Maturity Date September 1, 2031 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.0%; EOT 5.3%2026-01-012026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date October 9, 2025 Series Preferred Series 82026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date February 17, 2023 Expiration Date February 17, 2033 Series Common Units2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date August 14, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Crowdtap, Inc. Type of Investment Equity Investment Date December 5, 2025 Series Preferred Series B2026-09-300001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date September 4, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date June 21, 2024 Expiration Date June 21, 2034 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembertrin:WarrantInvestmentsMember2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date January 1, 2025 Expiration Date May 10, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock2026-09-300001786108trin:SpaceTechnologyMembertrin:ImpulseSpaceIncMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. One Type of Investment Warrant Investment Date May 14, 2026 Expiration Date May 14, 2036 Series Common Stock2026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2026-09-3000017861082025-07-012025-09-300001786108United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Secured Loan Investment Date May 6, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.0%2025-12-310001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date June 16, 2023 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.0%; EOT 10.0%2026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date October 13, 2023 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 29, 2023 Series Preferred Series AA2025-12-310001786108trin:SevenPointZeroZeroNotesDue2025Membertrin:PrivateOfferingsMember2020-01-162020-01-160001786108Portfolio Company Warrant Investments- United States Healthcare Technology PurpleLab, Inc. Type of Investment Warrant Investment Date September 24, 2025 Expiration Date September 24, 2035 Series Common Stock2025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-09-300001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Luxwall, Inc. Type of Investment Equipment Financing Investment Date June 4, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 10.1%; EOT 3.52026-09-300001786108trin:FinancialTechnologyMembertrin:TiltFinanceIncEmpowerFinancialIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date September 11, 2025 Series Preferred Series B-22025-01-012025-12-310001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 2026 Two2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series AA-12026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Secured Loan Investment Date January 30, 2023 Maturity Date December 5, 2028 Interest Rate Fixed interest rate 8.5%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2026-01-012026-09-300001786108trin:SeniorCreditCorpMember2026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2021-01-012021-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Freedom Advisors Group LLC Type of Investment Warrant Investment Date June 15, 2022 Expiration Date June 15, 2032 Series Class B Units2026-01-012026-09-300001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 30, 2025 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 16.1%; EOT 9.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date November 14, 2024 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 15.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date September 1, 2026 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-09-300001786108trin:SixPointZeroZeroPercentageConvertibleNotesDueTwoThousandTwentyFiveMember2020-12-102020-12-110001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Two Type of Investment Warrant Investment Date August 3, 2021 Expiration Date December 31, 2031 Series Preferred Series CC2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Equipment Leasing Services, LLC Type of Investment Equity Investment Date January 30, 2026 Series Member Interest2026-09-300001786108United States Medical Devices Q'Apel Medical, Inc. Secured Loan Investment Date July 2, 2026 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.8%2026-09-300001786108Portfolio Company Equity Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Equity Investment Date April 28, 2026 Series Preferred Series D-22026-09-300001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2024-01-012024-12-310001786108United States Space Technology True Anomaly, Inc. Equipment Financing Investment Date September 11, 2026 Maturity Date September 30, 2029 Interest Rate Fixed interest rate 10.8%; EOT 6.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date April 13, 2023 Maturity Date May 1, 2027 Interest Rate Fixed interest rate 12.1%; EOT 6.5%2025-12-310001786108us-gaap:WarrantMembertrin:DiagnosticsAndToolsMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Lark Technologies, Inc. Type of Investment Warrant Investment Date December 22, 2022 Expiration Date December 22,2032 Series Common Stock2026-09-300001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Secured Loan Investment Date February 17, 2026 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Smartly, Inc. Type of Investment Equity Investment Date March 29, 2023 Series Preferred Series B2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:BeamTechnologiesIncMembertrin:FinanceAndInsuranceMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Artera Inc. Type of Investment Warrant Investment Date March 13, 2026 Expiration Date March 16, 2036 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date March 19, 2024 Series Preferred Series D2026-09-300001786108United States Connectivity Vertical Communications, Inc. Secured Loan Investment Date August 23, 2021 Maturity Date December 1, 2027 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 23.8%2026-01-012026-09-300001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date June 2, 2026 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-09-300001786108United States Healthcare Technology WorkWell Prevention & Care Inc. Secured Loan Investment Date December 31, 2022 Maturity Date February 1, 2028 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 6.0%; EOT 0.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2024-01-012024-12-310001786108Portfolio Company Equity Investments- United States SaaS OrgChart, LLC Type of Investment Equity Investment Date February 4, 2026 Series Class A Common Units2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date April 29, 2021 Expiration Date April 29, 2031 Series Common Stock2026-01-012026-09-300001786108us-gaap:InvestmentAffiliatedIssuerMember2026-07-012026-09-300001786108us-gaap:WarrantMembertrin:ConstructionTechnologyMembertrin:ProjectFrogIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Sortera Technologies, Inc. Type of Investment Warrant Investment Date February 11, 2025 Expiration Date February 11, 2035 Series Common Stock2025-01-012025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date August 5, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-3000017861082024-01-012024-03-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date June 3, 2022 Series Preferred Series A2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date April 13, 2023 Expiration Date April 13, 2033 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Warrant Investment Date September 14, 2022 Expiration Date September 14, 2032 Series Common Stock2025-12-310001786108srt:SouthAmericaMember2025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date December 27, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.9%; EOT 3.0%2025-12-310001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:AngelStudiosIncMembertrin:MarketingMediaAndEntertainmentMembercountry:US2026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date March 24, 2026 Maturity Date April 1, 2029 Interest Rate Fixed interest rate 11.8%; EOT 1.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Cherry Technologies, Inc. Type of Investment Secured Loan Investment Date July 31, 2024 Maturity Date April 1, 2030 Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date November 4, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-01-012025-12-310001786108United States Finance and Insurance Kard Financial, Inc. Secured Loan Investment Date September 10, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series AA-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2025-01-012025-12-310001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date December 27, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 12.9%; EOT 3.0%2026-09-300001786108United States Finance and Insurance Beam Technologies, Inc. Secured Loan Investment Date June 25, 2025 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 2.8% or Floor rate 11.0% + PIK Fixed Interest Rate 1.5%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Trendly, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date August 10, 2026 Series Preferred Series A2025-01-012025-12-310001786108United States Healthcare Technology Paytient Technologies, Inc. Secured Loan Investment Date October 2, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Thrivory, Inc. Type of Investment Warrant Investment Date September 9, 2025 Expiration Date September 9, 2035 Series Common Stock2025-01-012025-12-310001786108trin:PaytientTechnologiesIncMembertrin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Luxwall, Inc. Type of Investment Equipment Financing Investment Date June 4, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 10.1%; EOT 3.52026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Impulse Space, Inc. Type of Investment Warrant Investment Date June 18, 2024 Expiration Date June 18, 2034 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Secured Loan Investment Date June 28, 2024 Maturity Date July 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 12.0%; EOT 2.5%2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 30, 2026 Series Preferred Series D-22025-12-310001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Equity Investment Date August 1, 2024 Series Class B Units2025-12-310001786108trin:O2026M7DividendsMember2026-07-152026-07-150001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date December 16, 2025 Maturity Date March 24, 2030 Series Ordinary2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Freddin Advisors Group LLC Type of Investment Warrant Investment Date June 15, 2022 Expiration Date June 15, 2032 Series Class B Units2025-12-310001786108trin:DirectLending2025LLCMember2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Tquila Automation, Inc Type of Investment Warrant Investment Date July 2, 2025 Expiration Date July 2, 2037 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies GrubMarket, Inc. Type of Investment Warrant Investment Date June 15, 2020 Expiration Date June 15, 2030 Series Common Stock2026-01-012026-09-300001786108trin:ConsumerProductsAndServicesMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date August 27, 2026 Maturity Date November 1, 2026 Interest Rate Fixed interest rate 15.0%; EOT 3.0%2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings AZ-VC Fund I, LLC Type of Investment Equity Investment Date June 30, 2022 Series Member Interest2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Edblox, Inc. Type of Investment Secured Loan Investment Date March 19, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 6.5% or Floor rate 13.8%; EOT 2.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date October 8, 2020 Expiration Date October 8, 2030 Series Common Stock2025-12-310001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date July 31, 2026 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date March 20, 2026 Maturity Date March 20, 2036 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Uniphore Technologies Inc. Type of Investment Warrant Investment Date September 30, 2025 Expiration Date September 30, 2035 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Emergy, Inc. Type of Investment Equity Investment Date October 30, 2025 Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Zero Acre Farms, Inc. Type of Investment Warrant Investment Date December 23, 2022 Expiration Date December 23, 2032 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Boosted eCommerce, Inc. Type of Investment Warrant Investment Date December 14, 2020 Expiration Date December 14, 2030 Series Common Stock2026-01-012026-09-300001786108United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Secured Loan Investment Date May 27, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Lucidworks, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 27, 2026 Series Preferred Series D2025-12-310001786108trin:TwoThousandNineteenRestrictedStockPlanMember2024-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMember2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMember2026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Equity Investment Date November 1, 2021 Series Preferred Series B-12025-01-012025-12-310001786108trin:HealthcareTechnologyMember2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Sortera Technologies, Inc. Equipment Financing Investment Date February 11, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cpacket Networks, Inc. Type of Investment Warrant Investment Date January 29, 2024 Expiration Date January 29, 2034 Series Class B Common Stock2026-09-300001786108trin:KeyBankSecuredTermLoanFacilityMember2025-11-052025-11-050001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date February 18, 2022 Expiration Date February 18, 2032 Series Common Stock2026-01-012026-09-300001786108Control Investments Trinity Capital Adviser, LLC2026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembersrt:EuropeMember2025-12-310001786108United States Medical Devices Shoulder Innovations, Inc. Type of Investment Secured Loan Investment Date August 7, 2023 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.0%; EOT 3.0%2025-12-310001786108trin:PaytientTechnologiesIncMemberus-gaap:WarrantMembertrin:HealthcareTechnologyMembercountry:US2025-12-310001786108us-gaap:DebtSecuritiesMembercountry:UStrin:MarketingMediaAndEntertainmentMember2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series D2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date May 10, 2024 Series Preferred Series B-12025-01-012025-12-3100017861082021-01-012021-12-310001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Type of Investment Warrant Investment Date August 8, 2025 Expiration Date August 8, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date August 9, 2022 Expiration Date August 9, 2032 Series Common Stock2026-09-300001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108trin:SupplyChainTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Parafin, Inc. Type of Investment Warrant Investment Date December 23, 2024 Expiration Date December 23, 2034 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date October 10, 2023 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Alt Platform Inc. Type of Investment Warrant Investment Date July 8, 2025 Expiration Date July 8, 2035 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States AI , Automation, & Robotics Path Robotics, Inc. Type of Investment Equity Investment Date April 28, 2026 Series Preferred Series D-22026-01-012026-09-300001786108trin:SeriesATwoThousandTwentyNineNotesMember2024-10-290001786108Affiliate Investments Autonomy Data Services, Inc.2025-12-310001786108trin:HometownTicketingIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:ElucentMedicalIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- Europe Healthcare Technology Unmind LTD Type of Investment Warrant Investment Date July 7, 2025 Maturity Date July 7, 2035 Series Ordinary2026-01-012026-09-300001786108trin:FoodAndAgricultureTechnologiesMemberus-gaap:WarrantMembercountry:US2025-12-3100017861082026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Crowdtap, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 11, 2027 Series Preferred Series B2026-01-012026-09-300001786108trin:O2026M9DividendsMember2026-09-100001786108us-gaap:ForeignExchangeForwardMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Diagnostics & Tools Artera Inc. Type of Investment Warrant Investment Date March 13, 2026 Expiration Date March 16, 2036 Series Class B Common Stock2026-09-300001786108United States Medical Devices Lightforce Orthodontics, Inc. Secured Loan Investment Date August 6, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date July 16, 2025 Maturity Date December 1, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2026-01-012026-09-300001786108trin:ServiceTradeIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-3100017861082025-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date March 25, 2024 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Hadrian Automation, Inc. Type of Investment Equity Investment Date March 29, 2022 Series Preferred A-42026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Warrant Investment Date March 9, 2021 Expiration Date March 9, 2031 Series Common Stock2025-01-012025-12-310001786108United States Space Technology Slingshot Aerospace, Inc. Secured Loan Investment Date July 12, 2024 MD August 1, 2029 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 14.0%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date September 25, 2020 Expiration Date September 25, 2030 Series Common Stock2026-09-300001786108trin:O2026M2DividendsMember2026-02-132026-02-130001786108trin:ServiceTradeIncMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date December 31, 2021 Expiration Date December 31, 2031 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Preferred Series E-12026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology EH Leasing Company, LLC Type of Investment Equipment Financing Investment Date November 1, 2025 Maturity Date November 1, 2029 Interest Rate Fixed interest rate 14.4%; EOT 18.7%2025-01-012025-12-310001786108trin:TransportationTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108United States Financial Technology Maior AI, Inc. Secured Loan Investment Date August 27, 2026 Maturity Date February 27, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 10.0% or Floor rate 12.0%; EOT 0.0%2026-09-300001786108trin:AppliedDigitalCorporationMembertrin:ArtificialIntelligenceAndAutomationMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States SaaS Cart.com, Inc. Type of Investment Equity Investment Date April 17, 2024 Series Preferred Series C2026-09-300001786108us-gaap:WarrantMembertrin:ArtificialIntelligenceAndAutomationMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Boosted eCommerce, Inc. Type of Investment Warrant Investment Date December 14, 2020 Expiration Date December 14, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Kymeta Corporation Type of Investment Warrant Investment Date July 3, 2024 Expiration Date July 3, 2034 Series Common Stock2025-01-012025-12-310001786108trin:ArtificialIntelligenceAndAutomationMembertrin:CirrascaleCloudServicesLLCMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Energy & Resource Technology Infravision Inc Secured Loan Investment Date August 31, 2026 Maturity Date October 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.5%2026-01-012026-09-300001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date December 20, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2022-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC) Type of Investment Equity Investment Date June 28, 2024 Series Common Stock2026-09-300001786108trin:InsuranceTechnologyMembertrin:CentivoCorporationMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Artificial Intelligence & Automation Tquila Automation, Inc Secured Loan Investment Date July 2, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.3%; EOT 3.0%2025-01-012025-12-310001786108trin:ConstructionTechnologyMemberus-gaap:EquitySecuritiesMembercountry:CA2025-12-310001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Uniphore Technologies Inc. Type of Investment Warrant Investment Date September 30, 2025 Expiration Date September 30, 2035 Series Common Stock2025-01-012025-12-310001786108Control Investments CapTrin Partners, LLC2026-01-012026-09-300001786108trin:YellowbrickLearningIncMembertrin:EducationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-3100017861082022-01-012022-12-310001786108us-gaap:WarrantMembertrin:MetabolonIncMembercountry:UStrin:OtherHealthcareServicesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Crusoe Energy Systems LLC Type of Investment Equity Investment Date November 6, 2024 Series Preferred Series D-12025-12-310001786108us-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date December 23, 2025 Maturity Date January 1, 2031 Interest Rate Fixed interest rate 12.4%; EOT 9.0%2025-01-012025-12-310001786108trin:FinancialTechnologyMember2026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics D-Wave Quantum Inc. Equipment Financing Investment Date September 2, 2026 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 10.9%; EOT 4.0%2026-09-300001786108us-gaap:WarrantMembertrin:SupplyChainTechnologyMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Warrant Investment Date December 14, 2022 Expiration Date December 14, 2032 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Restor3d, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Preferred Series A2025-12-310001786108trin:HumanResourceTechnologyMemberus-gaap:DebtSecuritiesMembertrin:NomadHealthIncMembercountry:US2025-12-310001786108United States Healthcare Technology Clearwave Parent, Inc. Secured Loan Investment Date July 24, 2026 Maturity Date October 22, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 7.3%; EOT 0.0%2026-01-012026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date November 20, 2025 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2026-09-300001786108us-gaap:DebtSecuritiesMembersrt:EuropeMembertrin:OtherHealthcareServicesMember2026-09-300001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 20262026-01-012026-09-300001786108trin:O2026M3DividendsMember2026-03-130001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMember2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Okami Medical, Inc. Type of Investment Warrant Investment Date June 24, 2025 Expiration Date June 24, 2035 Series Preferred Series F-12025-01-012025-12-310001786108United States Connectivity Vertical Communications, Inc. Secured Loan Investment Date August 23, 2021 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 23.8%2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date July 16, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2025-01-012025-12-310001786108United States Finance and Insurance PatientFi, Inc. Type of Investment Secured Loan Investment Date March 14, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2025-01-012025-12-310001786108trin:TwoThousandTwentyFiveNotesMember2026-01-012026-09-300001786108trin:OneMillionMetricsMembertrin:InsuranceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:SaasMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Equity Investment Date August 19, 2021 Series Preferred Series D2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:BiotechnologyMembertrin:PendulumTherapeuticsIncMembercountry:US2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MaximumMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108United States Software as a Service ("SaaS") Cpacket Networks, Inc. Secured Loan Investment Date January 29, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.3% or Floor rate 13.3% ;EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Warrant Investment Date March 3, 2023 Expiration Date April 29, 2032 Series Class A Common Stock2025-12-310001786108trin:FinanceAndInsuranceMembertrin:CentivoCorporationMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology EH Leasing Company, LLC Type of Investment Equipment Financing Investment Date November 1, 2025 Maturity Date November 1, 2029 Interest Rate Fixed interest rate 14.4%; EOT 18.7%2025-12-310001786108Portfolio Company Warrant Investments – Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Debt Securities- Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Equipment Financing Investment Date June 10, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 13.5%; EOT 7.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date April 20, 2028 Series Preferred Series C2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology B.Well Connected Health, Inc. Type of Investment Warrant Investment Date April 10, 2025 Expiration Date April 10, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Velentium, Inc. Type of Investment Warrant Investment Date May 24, 2024 Expiration Date May 31, 2034 Series Class B Units2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembersrt:EuropeMember2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date October 2, 2024 Series Preferred Series B-22025-12-310001786108trin:BWellConnectedHealthIncMembertrin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Europe Financial Technology Wayflyer Limited Secured Loan Investment Date June 9, 2026 Maturity Date August 1, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.7%; EOT 4.3%2026-09-300001786108trin:IFourtyLlcMember2022-12-050001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembertrin:KardFinancialIncMembercountry:US2026-09-300001786108United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Secured Loan Investment Date October 18, 2022 Maturity Date November 1, 2027 Interest Rate Variable interest rate Prime + 6.3% or Floor rate 11.8%; EOT 2.5%2025-01-012025-12-310001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date June 16, 2023 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 13.0%; EOT 10.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. One Type of Investment Warrant Investment Date April 1, 2021 Expiration Date April 1, 2031 Series Common Stock2026-09-300001786108us-gaap:WarrantMembertrin:ReciprocityIncMembertrin:SaasMembercountry:US2026-09-300001786108trin:RealEstateTechnologyMembertrin:OrchardTechnologiesIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date December 14, 2021 Maturity Date December 14, 2026 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Warrant Investment Date September 12, 2025 Expiration Date September 12, 2035 Series Common Stock2026-01-012026-09-300001786108trin:SeriesANotesMember2025-01-012025-09-300001786108Control Investments Project Frog, Inc.2025-12-310001786108us-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembertrin:OgeeIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 16, 2024 Series Preferred Series BB2026-09-300001786108Portfolio Company Warrant Investments- Europe Consumer Products & Services Motorway Online, Ltd Type of Investment Warrant Investment Date December 23, 2025 Maturity Date December 23, 2025 Series Ordinary2026-01-012026-09-300001786108trin:YellowbrickLearningIncMembertrin:EducationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cpacket Networks, Inc. Type of Investment Warrant Investment Date January 29, 2024 Expiration Date January 29, 2034 Series Class B Common Stock2026-01-012026-09-300001786108trin:FinancialTechnologyMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108us-gaap:WarrantMembertrin:HospitalistsNowIncMembertrin:HealthcareTechnologyMembercountry:US2025-12-310001786108Control Investments Desert Star 2026 LLC2026-09-300001786108us-gaap:StockOptionMember2025-03-140001786108us-gaap:WarrantMembertrin:EducationTechnologyMembercountry:US2026-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2022-12-310001786108trin:EnergyAndResourceTechnologyMembertrin:CommonwealthFusionSystemsLLCMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date December 22, 2020 Expiration Date December 22, 2030 Series Common Stock2025-01-012025-12-310001786108United States Transportation Technology Get Spiffy, Inc. Type of Investment Secured Loan Investment Date July 14, 2023 Maturity Date January 14, 2028 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.3%; EOT 6.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date December 22, 2020 Expiration Date December 22, 2030 Series Common Stock2025-12-310001786108United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Secured Loan Investment Date September 25, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2025-01-012025-12-310001786108United States Finance and Insurance Alt Lending SPV II, LLC Secured Loan Investment Date July 8, 2025 Maturity Date July 8, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date May 2, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 26, 2026 Series Preferred Series E-12026-01-012026-09-300001786108Portfolio Company Equity Investments- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Equity Investment Date June 28, 2024 Series Preferred Series 2 Seed2026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Bestow, Inc. Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2036 Series Preferred Series C-22026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 10, 2023 Expiration Date August 10, 2033 Series Preferred Series C2025-01-012025-12-310001786108trin:UniphoreTechnologiesIncMembertrin:ArtificialIntelligenceAndAutomationMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series D2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Thrivory, Inc. Type of Investment Warrant Investment Date September 9, 2025 Expiration Date September 9, 2035 Series Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics iGrafx, LLC Secured Loan Investment Date November 12, 2025 Maturity Date November 12, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Industrials 3DEO, Inc. Type of Investment Warrant Investment Date February 23, 2022 Expiration Date February 23, 2032 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2026-09-300001786108trin:EducationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Swimlane, Inc. Type of Investment Warrant Investment Date May 28, 2025 Expiration Date May 28, 2037 Series Preferred Series B2025-01-012025-12-310001786108us-gaap:StockOptionMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2025-03-140001786108trin:NucleusRadioPharmaIncMembertrin:SupplyChainTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Warrant Investment Date August 7, 2025 Expiration Date August 7, 2032 Series Preferred Series F Prime2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology PatientFi, Inc. Type of Investment Warrant Investment Date March 14, 2025 Expiration Date March 14, 2035 Series Preferred Series B2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Mesa Financial, Inc. Type of Investment Warrant Investment Date August 29, 2024 Expiration Date August 29, 2034 Series Common Stock2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2022-01-012022-12-310001786108us-gaap:OverAllotmentOptionMember2020-01-290001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2026-01-012026-09-300001786108trin:BaubleBarIncMemberus-gaap:WarrantMembertrin:ConsumerProductsAndServicesMembercountry:US2026-09-300001786108United States Financial Technology Kafene, Inc. Secured Loan Investment Date January 5, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 13.0%; EOT 1.0%2026-01-012026-09-300001786108trin:GoldmanSachsFinancialSquareGovernmentInstitutionalFundMember2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology Uveye, Inc. Type of Investment Warrant Investment Date December 26, 2024 Maturity Date December 26, 2034 Series Preferred Ordinary2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date September 27, 2024 Expiration Date September 27, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 29, 2027 Series Preferred Series C2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2025-01-012025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date January 6, 2025 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-01-012026-09-300001786108us-gaap:WarrantMembertrin:AxiomSpaceIncMembertrin:SpaceTechnologyMembercountry:US2025-12-310001786108trin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 26, 2025 Series Class B Common Stock2026-09-300001786108trin:FinancialTechnologyMemberus-gaap:DebtSecuritiesMembercountry:UStrin:WisetackIncMember2026-09-300001786108us-gaap:OverAllotmentOptionMember2020-01-160001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Uniphore Technologies Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date September 30, 2035 Series Common Stock One2026-01-012026-09-300001786108United States Finance and Insurance One Million Metrics (dba Kinetic) Type of Investment Secured Loan Investment Date August 25, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date May 20, 2025 Expiration Date July 31, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Kafene, Inc. Type of Investment Warrant Investment Date January 5, 2024 Expiration Date January 5, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date June 13, 2025 Expiration Date July 31, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. Type of Investment Warrant Investment Date May 10, 2022 Expiration Date May 10, 2032 Series Preferred Series C2025-01-012025-12-310001786108trin:September2029NotesMember2024-07-190001786108United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Secured Loan Investment Date August 6, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date April 21, 2026 Series Preferred Series D2026-01-012026-09-300001786108trin:PrivateCommonStockOfferingsMember2020-01-160001786108Portfolio Company Debt Securities- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Equipment Financing Investment Date February 17, 2023 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 12.9%; EOT 7.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 2026 Two2025-12-310001786108us-gaap:DebtSecuritiesMembertrin:MarketingMediaAndEntertainmentMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Space Technology Axiom Space, Inc. Type of Investment Equity Investment Date January 18, 2023 Series Preferred Series C-12026-01-012026-09-300001786108trin:MainspringEnergyIncMemberus-gaap:WarrantMembertrin:EnergyAndResourceTechnologyMembercountry:US2026-09-300001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date May 29, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-01-012026-09-300001786108United States Other Healthcare Services Upward Health, Inc. Type of Investment Secured Loan Investment Date August 6, 2024 Maturity Date September 1, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 12.8%; EOT 3.0%2025-12-310001786108us-gaap:WarrantMembertrin:DiagnosticsAndToolsMembercountry:US2025-12-310001786108trin:ConnectivityMembertrin:ASTAndScienceLLCMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108us-gaap:WarrantMembertrin:SlopeTechIncMembertrin:FinanceAndInsuranceMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. Two Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series A-32025-12-310001786108Portfolio Company Equity Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Equity Investment Date July 5, 2023 Series Preferred Series E-12026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date June 16, 2022 Maturity Date July 1, 2026 Interest Rate Fixed interest rate 9.3%; EOT 11.0%2025-01-012025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date December 20, 2024 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Equity Investment Date August 1, 2024 Series Class B Units2025-01-012025-12-310001786108trin:SecuredLoansMember2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 26, 2026 Series Preferred Series E-12026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 16, 2024 Series Preferred Series BB2025-12-310001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Finance and Insurance Cherry Technologies, Inc. Type of Investment Secured Loan Investment Date July 31, 2024 Maturity Date April 1, 2030 Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 6, 2024 Series Class B Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Bolb, Inc. Type of Investment Warrant Investment Date October 12, 2021 Expiration Date October 12, 2031 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date June 26, 2025 Expiration Date June 26, 2035 Series Common Stock One2026-01-012026-09-300001786108Affiliate Investments Project Frog, Inc.2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equity Investment Date April 6, 2023 Series Preferred Series C2025-12-310001786108trin:ConstructionTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108trin:InvestmentAffiliatedIssuerOneMember2025-12-3100017861082024-04-012024-06-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date September 23, 2026 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-300001786108trin:December2026NotesMember2025-12-310001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date February 8, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-01-012025-12-310001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date December 23, 2025 Maturity Date March 1, 2030 Interest Rate Fixed interest rate 15.8%; EOT 9.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date September 25, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2025-01-012025-12-310001786108us-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:SecuredLoansMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Warrant Investment Date December 31, 2020 Expiration Date December 31, 2030 Series Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Augmented Reality Concepts, Inc. Secured Loan Investment Date June 17, 2024 Maturity Date June 18, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.3%; EOT 0.0%2026-01-012026-09-300001786108us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Whoop, Inc. Type of Investment Warrant Investment Date May 17, 2023 Expiration Date May 17, 2033 Series Common Stock2026-01-012026-09-300001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date February 23, 2022 Maturity Date February 23, 2027 Series Class A Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date July 5, 2022 Series Preferred Series E-1D2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date September 18, 2024 Series Class B Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Supply Chain Technology Inktavo, LLC Type of Investment Equity Investment Date October 15, 2025 Series Preferred Class A2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date July 29, 2023 Series Class B Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series C2026-01-012026-09-300001786108trin:NortheastAmericaMember2025-12-310001786108trin:FinanceAndInsuranceMembertrin:TiltFinanceIncEmpowerFinancialIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date October 9, 2029 Series Preferred Series B2025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date August 15, 2024 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date September 29, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32026-01-012026-09-300001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date July 17, 2026 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2026-01-012026-09-300001786108trin:OtherHealthcareServicesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date February 17, 2023 Expiration Date February 17, 2033 Series Common Stock Units2025-12-310001786108us-gaap:WarrantMembertrin:RealEstateTechnologyMembertrin:OrchardTechnologiesIncMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services BaubleBar, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 29, 2027 Series Preferred Series C2025-12-310001786108United States Healthcare Technology Paytient Technologies, Inc. Secured Loan Investment Date October 2, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date June 12, 2024 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 10.0%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Happiest Baby, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 16, 2029 Series Common Stock2026-09-300001786108Control Investments WorkWell Prevention and Care Inc.2025-01-012025-12-310001786108United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Secured Loan Investment Date October 18, 2022 Maturity Date November 1, 2027 Interest Rate Variable interest rate Prime + 6.3% or Floor rate 11.8%; EOT 2.5%2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date January 30, 2026 Maturity Date February 1, 2029 Interest Rate Fixed interest rate 12.0%; EOT 1.0%2026-09-300001786108trin:MedicalDevicesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 24, 2029 Series Common Stock2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date May 16, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date November 20, 2020 Expiration Date November 20, 2030 Series Common Stock2026-09-300001786108trin:ConstructionTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2025-12-310001786108us-gaap:DebtSecuritiesMember2026-09-300001786108srt:MinimumMember2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Type of Investment Secured Loan Investment Date July 2, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 29, 2023 Expiration Date September 29, 2033 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Lendflow, Inc. Type of Investment Warrant Investment Date April 24, 2025 Expiration Date April 24, 2035 Series Common Stock2026-09-300001786108trin:March2029NotesMember2025-07-012025-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2025-12-310001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date June 13, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Member2024-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Convergent Dental, Inc. Type of Investment Warrant Investment Date April 21, 2033 Expiration Date April 21, 2033 Series Preferred Series D2025-12-310001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 20262025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date September 29, 2022 Maturity Date September 29, 2027 Series Preferred Series A-22026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Emboline, Inc. Type of Investment Warrant Investment Date March 3, 2026 Expiration Date March 3, 2036 Series Preferred Series D2026-01-012026-09-300001786108trin:KeyBankCreditFacilityMember2026-07-012026-09-300001786108trin:CreditFacilityMember2025-12-310001786108trin:January2032NotesMember2026-09-300001786108United States Real Estate Technology Knockaway Trinity Holdings, LLC Secured Loan Investment Date December 6, 2023 Maturity Date December 27, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 9.3% or Floor rate 13.8%; EOT 0.0%2026-01-012026-09-300001786108trin:SeniorSecuritiesMember2024-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 24, 2025 Series Class B Common Stock2025-01-012025-12-310001786108Control Investments Vertical Communications, Inc.2026-01-012026-09-300001786108us-gaap:AdditionalPaidInCapitalMember2024-12-310001786108us-gaap:WarrantMembertrin:MacrofabIncMembertrin:SupplyChainTechnologyMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Type of Investment Equity Investment Date January 30, 2023 Series Member Interest2026-01-012026-09-300001786108trin:MetabolonIncMemberus-gaap:DebtSecuritiesMembertrin:OtherHealthcareServicesMembercountry:US2025-12-310001786108United States Financial Technology K-Dimensional Holdings Inc (dba CoastPay) Secured Loan Investment Date July 28, 2026 Maturity Date January 28, 2031 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.5%; EOT 0.0%2026-01-012026-09-300001786108trin:December2026NotesMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2024 Expiration Date February 12, 2034 Series Preferred Series 12025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Real Estate Technology Knockaway, Inc. Type of Investment Secured Loan Investment Date September 29, 2023 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.2%; EOT 0.0%2025-01-012025-12-310001786108trin:March2029NotesMember2026-01-012026-09-300001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2025-01-012025-09-300001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date January 10, 2025 Maturity Date February 1, 2030 Interest Rate Fixed interest rate 12.2%; EOT 4.5%2025-12-310001786108United States Medical Devices Cagent Vascular, Inc. Secured Loan Investment Date January 15, 2026 Maturity Date February 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%2026-09-300001786108trin:EquityOfferingsMember2022-04-070001786108United States Healthcare Technology Lightning Step Technologies, LLC Type of Investment Secured Loan Investment Date October 22, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 7.1%; EOT 0.0%2025-01-012025-12-310001786108Foreign Currency Forward Contracts Counterparty2025-12-310001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembertrin:NeurolensIncMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Slingshot Aerospace, Inc. Type of Investment Warrant Investment Date August 26, 2026 Expiration Date August 26, 2036 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. One Type of Investment Warrant Investment Date June 1, 2020 Expiration Date July 15, 2030 Series Preferred Series B2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2026-09-300001786108trin:UpgradeMasterPass-ThruTrustMembertrin:FinanceAndInsuranceMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108trin:EquipmentFinancingMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Warrant Investment Date July 14, 2023 Maturity Date July 14, 2033 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 10, 2023 Expiration Date August 10, 2033 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date August 6, 2021 Series Preferred Series 22026-09-300001786108Europe Medical Devices CMR Surgical Limited Secured Loan Investment Date June 2, 2026 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series B2026-01-012026-09-300001786108United States Financial Technology inKind Cards, Inc. Secured Loan Investment Date July 7, 2026 Maturity Date July 7, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.3%; EOT 0.0%2026-01-012026-09-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date November 20, 2025 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 1.0%2026-01-012026-09-300001786108trin:SpaceTechnologyMember2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date September 4, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-09-300001786108United States Consumer Products & Services Quip NYC, Inc. Secured Loan Investment Date September 30, 2025 Maturity Date September 1, 2028 Interest Rate Variable interest rate Prime + 9.0% or Floor rate 12.3%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date July 3, 2024 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Equity Investment Date January 30, 2024 Series Preferred Series C-12026-09-300001786108trin:RealEstateTechnologyMembertrin:KnockawayIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Secured Loan Investment Date December 29, 2022 Maturity Date January 1, 2028 Interest Rate Variable interest rate Prime + 6.3% or Floor rate 11.8%; EOT 2.5%2025-12-310001786108United States Medical Devices Neurolens, Inc. Secured Loan Investment Date January 21, 2025 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2026-09-3000017861082020-01-162020-01-160001786108trin:EquityOfferingsMember2022-08-180001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date June 25, 2026 Maturity DateJuly 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2026-01-012026-09-300001786108Affiliate Investments Trinity Capital Adviser, LLC2024-12-310001786108us-gaap:DebtMembertrin:TrinityInvestorJVILLCMember2026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date June 26, 2026 Expiration Date June 26, 2038 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Warrant Investment Date March 9, 2021 Expiration Date March 9, 2031 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equipment Financing Investment Date July 14, 2023 Maturity Date February 1, 2027 Interest Rate Fixed interest rate 12.1%; EOT 4.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date June 25, 2026 Maturity DateJuly 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 29, 2023 Expiration Date September 29, 2033 Series Common Stock2025-01-012025-12-310001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date December 23, 2025 Maturity Date March 1, 2030 Interest Rate Fixed interest rate 15.8%; EOT 9.0%2026-09-300001786108United States Real Estate Technology Knockaway Trinity Holdings, LLC Secured Loan Investment Date December 6, 2023 Maturity Date December 27, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 9.3% or Floor rate 13.8%; EOT 0.0%2025-12-310001786108United States Other Healthcare Services Velentium, Inc. Type of Investment Secured Loan Investment Date May 24, 2024 Maturity Date May 24, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 5.3%2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date September 27, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.6%; EOT 4.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2026-09-300001786108United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Secured Loan Investment Date May 27, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%2025-12-310001786108trin:EnergyAndResourceTechnologyMembertrin:RTSHoldingIncMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Crusoe Energy Systems LLC Type of Investment Equity Investment Date November 6, 2024 Series Preferred Series D-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Uniphore Technologies Inc. Type of Investment Warrant Investment Date September 30, 2025 Expiration Date September 30, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 14, 2035 Series Preferred Series C-12025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 15, 2023 Series Preferred Series E-1D12025-12-310001786108us-gaap:WarrantMembertrin:ReciprocityIncMembertrin:SaasMembercountry:US2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date April 28, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date October 17, 2025 Series Series 2025-ST72025-12-310001786108us-gaap:UnsecuredDebtMembertrin:March2029NotesMember2024-03-280001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series B2026-09-300001786108United States Medical Devices Okami Medical, Inc. Secured Loan Investment Date June 24, 2025 Maturity Date July 1, 2030 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.0%2026-01-012026-09-300001786108us-gaap:RetainedEarningsMember2025-07-012025-09-300001786108srt:DirectorMembertrin:TwoThousandNineteenRestrictedStockPlanMember2024-04-230001786108trin:December2026NotesMember2026-09-300001786108United States Finance and Insurance Slope Tech, Inc. Type of Investment Secured Loan Investment Date October 5, 2022 Maturity Date February 27, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 11.8% or Floor rate 11.8%; EOT 0.0%2025-01-012025-12-310001786108trin:InsuranceTechnologyMember2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Inshur, Inc. Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Common Stock2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics D-Wave Quantum Inc. Equipment Financing Investment Date September 2, 2026 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 10.9%; EOT 4.0%2026-01-012026-09-300001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Type of Investment Equipment Financing Investment Date January 14, 2025 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.2%; EOT 6.0%2025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date December 30, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date September 11, 2026 Expiration Date July 24, 2036 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies GrubMarket, Inc. Type of Investment Warrant Investment Date June 15, 2020 Expiration Date June 15, 2030 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date June 9, 2024 Series Class B Common Stock2026-09-300001786108United States Medical Devices Neurolens, Inc. Type of Investment Secured Loan Investment Date September 29, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2025-12-310001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date October 1, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2025-01-012025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Augmented Reality Concepts, Inc. Secured Loan Investment Date June 17, 2024 Maturity Date June 18, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.3%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- Canada Space Technology Earthdaily Constellation Holdings, LP Type of Investment Equipment Financing Investment Date June 10, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 13.5%; EOT 7.0%2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity AST & Science, LLC Type of Investment Equipment Financing Investment Date June 30, 2025 Maturity Date July 1, 2030 Interest Rate Fixed interest rate 12.5%; EOT 9.0%2025-01-012025-12-310001786108trin:KeyBankSecuredTermLoanFacilityMember2026-09-300001786108United States Medical Devices Iantrek, Inc. Secured Loan Investment Date April 14, 2026 Maturity Date April 14, 2031 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.3%; EOT 4.0%2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date October 10, 2023 Series Class B Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date May 9, 2025 Series Preferred Series C2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date August 21, 2026 Series Preferred Series D-12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date August 6, 2021 Series Preferred Series 22025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 29, 2027 Series Preferred Series C2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:May2031NotesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies The Fynder Group, Inc. Type of Investment Warrant Investment Date October 14, 2020 Expiration Date October 14, 2030 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:OtherHealthcareServicesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date May 16, 2025 Expiration Date June 21, 2034 Series Common Stock2026-01-012026-09-300001786108us-gaap:RetainedEarningsMember2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date September 25, 2024 Expiration Date August 6, 2034 Series Preferred Series D2026-09-300001786108Affiliate Investments Emergy, Inc.2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 11, 2025 Series Series 2025-ST52026-09-300001786108United States Healthcare Technology PurpleLab, Inc. Type of Investment Secured Loan Investment Date September 24, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 2.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMember2026-09-300001786108SOFR 6-Month Term Rate2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Candel Therapeutics, Inc. Type of Investment Warrant Investment Date October 14, 2025 Expiration Date October 14, 2035 Series Common Stock2026-09-300001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMembersrt:MinimumMember2026-09-300001786108trin:GoldmanSachsFinancialSquareGovernmentInstitutionalFundMember2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date December 14, 2021 Maturity Date December 14, 2026 Series Class A Common Stock2026-09-300001786108trin:DebtATMProgramMembertrin:March2029NotesMember2026-01-012026-09-300001786108trin:DirectLending2025LLCMemberus-gaap:OtherAssets2025-12-310001786108Control Investments Autonomy Data Services, Inc.2025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Upward Health, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Class A Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 18, 2028 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date September 30, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.1%; EOT 7.5%2025-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Direct Lending 2025 LLC Type of Investment Equity Investment Date September 24, 2025 Series Member Interest2025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date December 30, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-01-012025-12-310001786108us-gaap:WarrantMembercountry:UStrin:MarketingMediaAndEntertainmentMember2025-12-310001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date January 10, 2025 Maturity Date February 1, 2030 Interest Rate Fixed interest rate 12.2%; EOT 4.5%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Human Resource Technology BetterLeap, Inc. Type of Investment Warrant Investment Date April 20, 2022 Expiration Date April 20, 2032 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Warrant Investment Date June 4, 2024 Maturity Date June 4, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Impulse Space, Inc. Type of Investment Equity Investment Date April 21, 2026 Series Preferred Series D2026-09-300001786108United States AI Infrastructure Together Computer, Inc. Equipment Financing Investment Date June 29, 2026 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.0%; EOT 4.5%2026-01-012026-09-300001786108Control Investments WorkWell Prevention and Care Inc.2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Whoop, Inc. Type of Investment Warrant Investment Date May 17, 2023 Expiration Date May 17, 2033 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2022-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Three Type of Investment Warrant Investment Date February 5, 2024 Expiration Date February 5, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date January 12, 2024 Series Class B Common Stock2026-01-012026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date February 14, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-09-300001786108United States AI Infrastructure Boost Run Equipment Financing Investment Date September 29, 2026 Maturity Date August 1, 2029 Interest Rate Fixed interest rate 8.7%; EOT 0.0%2026-09-300001786108trin:EquityATMProgramMember2026-05-072026-05-070001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Crusoe Energy Systems LLC Type of Investment Equity Investment Date November 6, 2024 Series Preferred Series D-12026-01-012026-09-300001786108trin:O2026M10DividendsMember2026-10-150001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 2026 One2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Warrant Investment Date October 13, 2023 Expiration Date October 13, 2033 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock 12025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Other Healthcare Services Zandivio PLC Type of Investment Warrant Investment Date October 29, 2024 Maturity Date October 29, 2034 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Diagnostics & Tools Artera Inc. Type of Investment Secured Loan Investment Date March 13, 2026 Maturity Date February 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.0%; EOT 4.5%2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 7, 2023 Series Preferred Series AA-12025-12-310001786108Affiliate Investments GoFor Delivers, Inc.2024-12-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings AZ-VC Fund I, LLC Type of Investment Equity Investment Date June 30, 2022 Series Member Interest2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date May 6, 2025 Expiration Date May 6, 2037 Series Common Stock2026-01-012026-09-300001786108trin:Ept16LlcMember2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Warrant Investment Date August 30, 2023 Expiration Date August 30, 2033 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 5, 2023 Series Preferred Series C Prime2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Velentium, Inc. Type of Investment Warrant Investment Date May 24, 2024 Expiration Date May 24, 2034 Series Class B Units2025-01-012025-12-310001786108us-gaap:StockOptionMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2025-03-142025-03-140001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2020-12-310001786108us-gaap:NonUsMember2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 7, 2025 Series Preferred Series E-12026-09-300001786108trin:DistributionReinvestmentPlanMember2025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Healthcare Technology Unmind LTD Type of Investment Warrant Investment Date July 7, 2025 Maturity Date July 7, 2035 Series Ordinary2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Rinse, Inc. One Type of Investment Warrant Investment Date May 14, 2026 Expiration Date May 14, 2036 Series Common Stock2026-01-012026-09-300001786108trin:SaasMember2026-09-300001786108Control Investments Project Frog, Inc.2024-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Uveye, Inc. Type of Investment Equity Investment Date August 3, 2026 Series Preferred Series E-12026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date May 6, 2025 Expiration Date May 6, 2037 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date April 18, 2022 Maturity Date April 18, 2027 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date November 20, 2020 Expiration Date November 20, 2030 Series Common Stock2025-01-012025-12-310001786108United States Financial Technology PatientFi, Inc. Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Two Type of Investment Warrant Investment Date January 16, 2020 Expiration Date June 30, 2029 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembersrt:MaximumMember2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Class F2026-09-300001786108trin:SpaceTechnologyMembertrin:ImpulseSpaceIncMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date June 20, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date January 6, 2025 Expiration Date March 28, 2034 Series Preferred Series 32026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Warrant Investment Date April 29, 2022 Expiration Date April 29, 2032 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States SaaS The Tomorrow Companies, Inc. Type of Investment Equity Investment Date July 5, 2023 Series Preferred Series E-12025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-1 One2026-01-012026-09-300001786108trin:EnergyAndResourceTechnologyMembertrin:TorusIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Hospitalists Now, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 6, 2026 Series Preferred Series D-22026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMembertrin:ValuationTechniqueCostApproximatesFairValueMember2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date June 25, 2025 Expiration Date May 7, 2035 Series Common Stock2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date February 9, 2026 Series Series 2026-ST12026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date August 6, 2021 Series Preferred Series 22025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date January 19, 2024 Expiration Date January 19, 2034 Series Preferred Series D-12026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Uveye, Inc. Type of Investment Warrant Investment Date December 26, 2024 Maturity Date December 26, 2034 Series Ordinary2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-12-310001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date March 24, 2025 Maturity Date March 24, 2030 Series Ordinary2026-01-012026-09-300001786108trin:PaytientTechnologiesIncMemberus-gaap:WarrantMembertrin:HealthcareTechnologyMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital Adviser, LLC Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date September 28, 2028 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") ServiceTrade, Inc. Type of Investment Secured Loan Investment Date June 3, 2025 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 5.3%; EOT 0.0%2025-01-012025-12-310001786108trin:TaranaWirelessIncMembertrin:ConnectivityMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Debt Securities- United States Digital Assets Technology and Services Inca Digital, Inc. Type of Investment Secured Loan Investment Date December 2, 2025 Maturity Date December 2, 2026 Interest Rate Fixed interest rate 12.5%; EOT 0.0%2025-01-012025-12-310001786108trin:EnergyAndResourceTechnologyMembertrin:RTSHoldingIncMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Warrant Investment Date December 10, 2021 Expiration Date December 10, 2031 Series Preferred Series C2026-09-300001786108trin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-06-300001786108trin:O2026M5DividendsMember2026-05-152026-05-150001786108United States Financial Technology Dwight Capital LLC Secured Loan Investment Date September 1, 2026 Maturity Date September 5, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 8.5% or Floor rate 10.5%; EOT 0.0%2026-09-300001786108trin:DirectLending2025LLCMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date September 27, 2023 Expiration Date September 27, 2033 Series Preferred Series AA-12026-01-012026-09-300001786108Portfolio Company Equity Investments- Europe Real Estate Technology Prospire Technologies LTD Type of Investment Equity Investment Date April 10, 2026 Series Preferred Series B2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings AZ-VC Fund I, LLC Type of Investment Equity Investment Date June 30, 2022 Series Member Interest2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2026-09-300001786108Prime Rate2026-09-300001786108Portfolio Company Equity Investments- United States Education Technology iTutor.com, Inc. Type of Investment Equity Investment Date March 9, 2026 Series Preferred Series 1B-12026-09-300001786108trin:SeniorSecuritiesMember2022-12-310001786108United States Healthcare Technology B.Well Connected Health, Inc. Secured Loan Investment Date May 29, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-09-300001786108United States Other Healthcare Services LHV Newco LLC Secured loan Investment Date February 5, 2026 Maturity Date February 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2026-09-300001786108trin:KeyBankSecuredTermLoanFacilityMember2025-11-050001786108trin:RealEstateTechnologyMemberus-gaap:WarrantMembertrin:KnockawayIncMembercountry:US2026-09-300001786108United States Diagnostics & Tools Rapid Micro Biosystems, Inc. Secured Loan Investment Date August 8, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%2025-01-012025-12-310001786108United States Biotechnology Taysha Gene Therapies, Inc. Secured Loan Investment Date August 7, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 5.0%2026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date March 16, 2022 Series Preferred Senior Series 62025-12-310001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Type of Investment Secured Loan Investment Date February 26, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2025-01-012025-12-310001786108trin:EnergyAndResourceTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108srt:DirectorMembertrin:AmendmentNo2To2019Non-EmployeeDirectorRestrictedStockPlanMember2026-04-280001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series D2026-09-300001786108trin:InvestmentFeeAndOtherIncometrin:DesertStar2026LLCMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Preferred Series C2025-01-012025-12-310001786108trin:September2029NotesMembertrin:DebtATMProgramMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date June 2, 2026 Maturity Date March 24, 2030 Series Ordinary2026-09-300001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date April 17, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date August 13, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2025-12-310001786108trin:EquipmentFinancingMember2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Tilt Finance, Inc. (dba Empower Financial, Inc.) Type of Investment Warrant Investment Date October 13, 2023 Expiration Date October 13, 2033 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date October 8, 2020 Expiration Date October 8, 2030 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembersrt:MaximumMember2025-12-310001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Form Energy Inc. Type of Investment Warrant Investment Date October 21, 2024 Expiration Date October 21, 2034 Series Common Stock2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date June 21, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-12-310001786108United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date August 25, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Kymeta Corporation Type of Investment Secured Loan Investment Date June 11, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date February 17, 2023 Expiration Date February 17, 2033 Series Common Stock Units2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Two Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Preferred Series C2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Reciprocity, Inc. Type of Investment Warrant Investment Date April 29, 2021 Expiration Date April 29, 2031 Series Common Stock2025-01-012025-12-310001786108Canada Space Technology Earthdaily Constellation Holdings, LP Equipment Financing Investment Date June 10, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 13.5%; EOT 7.0%2026-09-300001786108trin:EnergyAndResourceTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108trin:September2029NotesMember2026-01-012026-09-300001786108trin:Ept16LlcMembersrt:MaximumMember2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Maxwell Financial Labs, Inc Type of Investment Equity Investment Date October 2, 2024 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Supply Chain Technology Inktavo, LLC Type of Investment Secured Loan Investment Date October 15, 2025 Maturity Date October 15, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 6.8%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date September 18, 2024 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Okami Medical, Inc. Type of Investment Warrant Investment Date June 24, 2025 Expiration Date June 24, 2035 Series Preferred Series F-12026-01-012026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Homelight Lending, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2025-01-012025-12-310001786108trin:FinancialTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Space Technology Hermeus Corporation Equipment Financing Investment Date March 23, 2026 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 11.3%; EOT 4.0%2026-09-300001786108trin:HealthcareTechnologyMembertrin:EmeraldCloudLabIncMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108United States Financial Technology Thrivory, Inc. Secured Loan Investment Date September 9, 2025 Maturity Date October 1, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMember2026-09-300001786108Canada Supply Chain Technology GoFor Delivers, Inc. Secured Loan Investment Date June 28, 2024 Maturity Date July 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 12.0%; EOT 2.5%2026-09-300001786108United States Real Estate Technology Orchard Technologies, Inc. Secured Loan Investment Date January 27, 2026 Maturity Date January 31, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 8.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Series C-22026-09-300001786108Portfolio Company Equity Investments- United States Consumer Products & Services Quip NYC, Inc. Type of Investment Equity Investment Date August 17, 2021 Series Common Stock2026-01-012026-09-300001786108trin:OtherCashAccountsMember2025-12-310001786108trin:NewJVPartnerMember2026-01-012026-09-300001786108trin:September2029NotesMembertrin:DebtATMProgramMember2025-01-012025-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2021-01-012021-12-310001786108Portfolio Company Debt Securities- United States Medical Devices Nalu Medical, Inc Type of Investment Secured Loan Investment Date July 3, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108Control Investments Emergy, Inc.2025-12-310001786108trin:IndustrialsMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date August 11, 2025 Series Series 2025-ST52026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Insurance Technology Centivo Corporation Type of Investment Warrant Investment Date June 13, 2025 Expiration Date July 31, 2034 Series Common Stock2026-01-012026-09-300001786108United States Other Healthcare Services Upward Health, Inc. Type of Investment Secured Loan Investment Date August 6, 2024 Maturity Date September 1, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 12.8%; EOT 3.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMember2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date March 16, 2022 Maturity Date March 16, 2027 Series Class A Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Warrant Investment Date July 14, 2023 Maturity Date July 14, 2033 Series Common Stock2026-09-300001786108trin:CreditSuisseCreditFacilityMembertrin:SeniorSecuritiesMember2020-01-012020-12-310001786108United States Financial Technology PatientFi, Inc. Secured Loan Investment Date December 16, 2025 Maturity Date April 1, 2030 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Series D2026-09-300001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMembersrt:MaximumMember2025-12-310001786108us-gaap:ForeignExchangeForwardMember2026-09-300001786108us-gaap:FairValueInputsLevel3Member2025-01-012025-12-310001786108us-gaap:RetainedEarningsMember2025-06-300001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Secured Loan Investment Date May 16, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Two Type of Investment Warrant Investment Date August 3, 2021 Expiration Date December 31, 2031 Series Preferred Series CC2026-09-300001786108trin:May2031NotesMember2026-09-300001786108trin:O2026M4DividendsMember2026-04-152026-04-150001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:EquityFundsMember2026-09-300001786108trin:RealEstateTechnologyMemberus-gaap:WarrantMembercountry:US2026-09-300001786108us-gaap:UnsecuredDebtMembertrin:May2031NotesMember2026-05-212026-05-210001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 23, 2027 Series Preferred Series C2025-01-012025-12-310001786108Affiliate Investments Senior Credit Corp 2022 LLC2024-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Uniphore Technologies Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date September 30, 2035 Series Common Stock One2026-09-300001786108us-gaap:AdditionalPaidInCapitalMember2026-06-300001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date January 30, 2026 Maturity Date February 1, 2029 Interest Rate Fixed interest rate 12.0%; EOT 1.0%2026-01-012026-09-300001786108Europe Real Estate Technology Prospire Technologies LTD Secured Loan Investment Date January 29, 2026 Maturity Date February 1, 2030 Interest Rate Variable interest rate Base Rate + 8.5% or Floor rate 12.2%; EOT 2.0%2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cart.com, Inc. Type of Investment Warrant Investment Date November 17, 2023 Expiration Date November 17, 2033 Series Common Stock2026-01-012026-09-300001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date May 20, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-09-300001786108trin:SeriesANotesMember2026-01-012026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date January 5, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-01-012025-12-310001786108trin:July2030NotesMemberus-gaap:UnsecuredDebtMember2025-07-030001786108Control Investments Edeniq, Inc.2026-09-300001786108trin:March2029NotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date September 30, 2021 Expiration Date September 30, 2031 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Lark Technologies, Inc. Type of Investment Warrant Investment Date December 22, 2022 Expiration Date December 22,2032 Series Common Stock2026-01-012026-09-300001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date June 17, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108United States Real Estate Technology Eyelit Technologies, Inc. Type of Investment Secured Loan Investment Date June 20, 2025 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2026-09-300001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMembercountry:US2026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date October 30, 2025 Maturity Date November 1, 2028 Interest Rate Fixed interest rate 11.7%; EOT 4.0%2026-01-012026-09-300001786108trin:MedicalDevicesMembertrin:LightforceOrthodonticsIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:WarrantMembertrin:AxiomSpaceIncMembertrin:SpaceTechnologyMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date July 11, 2026 Series Preferred Series A2025-01-012025-12-310001786108United States Software as a Service ("SaaS") OrgChart, LLC Secured Loan Investment Date January 13, 2026 Maturity Date January 14, 2031 Variable interest rate SOFR 1 Month Term + 5.5%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date March 28, 2025 Maturity Date April 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Preferred Series C-12025-12-310001786108Portfolio Company Equity Investments- United States AI , Automation, & Robotics Cabernet AI, Inc. Type of Investment Equity Investment Date February 27, 2025 Series SAFE Note2026-01-012026-09-300001786108trin:TwoThousandTwentyFiveNotesMember2020-01-160001786108trin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:UStrin:HermeusCorporationMember2026-09-300001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 22, 2024 Maturity Date August 22, 2034 Series Common Stock2026-01-012026-09-300001786108trin:AIAutomationAndRoboticsMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date February 1, 2021 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2025-12-310001786108trin:ConsumerProductsAndServicesMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Exer Holdings, LLC Type of Investment Warrant Investment Date November 19, 2021 Expiration Date November 19, 2031 Series Common Stock2025-12-310001786108Affiliate Investments Nexii, Inc.2026-01-012026-09-300001786108Affiliate Investments Trinity Capital Adviser, LLC2025-01-012025-12-310001786108United States Artificial Intelligence & Automation D-Wave Quantum Inc. Equipment Financing Investment Date August 1, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.8%; EOT 4.0%2025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Equity Investment Date September 17, 2025 Series SAFE Note2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:SaasMembercountry:US2026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2020-01-012020-12-310001786108Portfolio Company Warrant Investments- United States SaaS Smartly, Inc. Type of Investment Warrant Investment Date May 16, 2022 Expiration Date May 16, 2034 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Torus Inc. Type of Investment Equipment Financing Investment Date May 1, 2026 Maturity Date December 1, 2029 Interest Rate Fixed interest rate 11.5%; EOT 5.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series Preferred Series 12026-09-300001786108trin:SeniorSecuritiesMember2026-09-300001786108Control Investments Autonomy Data Services, Inc.2025-01-012025-12-310001786108us-gaap:RetainedEarningsMember2026-06-300001786108United States Space Technology Kymeta Corporation Secured Loan Investment Date July 3, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2026-09-300001786108Portfolio Company Equity Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Equity Investment Date April 13, 2026 Common Stock2026-01-012026-09-300001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date September 22, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 8.0% or Floor rate 11.3%; EOT 3.8%2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Under Technologies, Inc. Type of Investment Warrant Investment Date May 3, 2024 Expiration Date May 3, 2034 Series Common Stock2025-12-310001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2020-01-012020-12-310001786108United States Medical Devices Lightforce Orthodontics, Inc. Secured Loan Investment Date August 6, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance DailyPay, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2025-01-012025-12-310001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date February 9, 2026 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Exer Holdings, LLC Type of Investment Warrant Investment Date November 19, 2021 Expiration Date November 19, 2031 Series Common Stock2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:HealthcareTechnologyMembercountry:US2026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2026-09-300001786108United States AI Infrastructure QumulusAI, Inc Equipment Financing Investment Date August 13, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 8.2%; EOT 9.5%2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings CapTrin Partners, LLC Type of Investment Equity Investment Date April 22, 2026 Series Member Interest2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States SaaS Dahlia Clipper SPV, L.P. Type of Investment Equity Investment Date July 25, 2025 Series SPV Member Units2026-01-012026-09-300001786108United States Medical Devices Neurolens, Inc. Secured Loan Investment Date September 29, 2023 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2026-01-012026-09-300001786108us-gaap:RetainedEarningsMember2024-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankSecuredTermLoanFacilityMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Beam Technologies, Inc. Type of Investment Secured Loan Investment Date August 7, 2025 Maturity Date December 31, 2029 Interest Rate Fixed interest rate 0.0%; EOT 0.0%2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Torus Inc. Type of Investment Equity Investment Date June 26,2026 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Construction Technology Project Frog, Inc. Type of Investment Equity Investment Date August 3, 2021 Series Common Stock2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:EquityFundsMembertrin:ValuationTechniqueCostApproximatesFairValueMember2026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Type of Investment Secured Loan Investment Date September 15, 2025 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Equipment Financing Investment Date September 12, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 3.0%2026-09-300001786108United States Finance and Insurance Kafene, Inc. Type of Investment Secured Loan Investment Date January 5, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 13.0%; EOT 1.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Candel Therapeutics, Inc. Type of Investment Warrant Investment Date October 14, 2025 Expiration Date October 14, 2035 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Software as a Service ("SaaS") Ticketure LLC Type of Investment Secured Loan Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3% EOT 0.0%2025-01-012025-12-310001786108us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:EquityFundsMember2026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:NeurosMedicalIncMembercountry:US2026-09-300001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date August 1, 2024 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-09-3000017861082025-01-012025-03-310001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Direct Lending 2025 LLC Type of Investment Equity Investment Date September 24, 2025 Series Member Interest2026-09-300001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2026-01-012026-09-300001786108us-gaap:IPOMember2021-02-020001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembertrin:MeasurementInputPerformanceMultipleMember2026-09-300001786108Portfolio Company Debt Securities- United States Finance and Insurance Cherry Technologies, Inc. Type of Investment Secured Loan Investment Date March 29, 2024 Maturity Date April 1, 2030 Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Warrant Investment Date October 28, 2022 Expiration Date October 28, 2032 Series Class B Units2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Wisetack, Inc. Type of Investment Warrant Investment Date September 11, 2026 Expiration Date November 14, 2034 Series Common Stock2026-09-300001786108United States Artificial Intelligence & Automation Tquila Automation, Inc Secured Loan Investment Date July 2, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.3%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Candel Therapeutics, Inc. Type of Investment Warrant Investment Date October 14, 2025 Expiration Date October 14, 2035 Series Common Stock2025-01-012025-12-310001786108United States Marketing, Media, and Entertainment Incontext Solutions, Inc. Type of Investment Secured Loan Investment Date September 1, 2025 Maturity Date June 1, 2026 Interest Rate Fixed interest rate 12.0%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology Get Spiffy, Inc. Type of Investment Equity Investment Date April 14, 2025 Series Preferred Series A-22026-01-012026-09-300001786108United States Healthcare Technology B.Well Connected Health, Inc. Secured Loan Investment Date May 29, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-01-012026-09-300001786108Control and Affiliate Investments2024-12-310001786108trin:FinancialTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2026-09-300001786108trin:MidwestAmericaMember2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date August 28, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-01-012026-09-300001786108United States Artificial Intelligence & Automation Augmented Reality Concepts, Inc. Secured Loan Investment Date June 17, 2024 Maturity Date June 18, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.3% or EOT 0.0%2025-01-012025-12-310001786108trin:September2029NotesMember2025-01-012025-09-300001786108trin:August2026NotesMembertrin:SeniorSecuritiesMember2023-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Warrant Investment Date October 28, 2022 Expiration Date October 28, 2032 Series Preferred Class B Units2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date June 2, 2026 Maturity Date March 24, 2030 Series Ordinary2026-01-012026-09-300001786108trin:BiotechnologyMembertrin:PendulumTherapeuticsIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembertrin:MeasurementInputHypotheticalMarketYieldMemberus-gaap:DebtMember2025-12-310001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date September 30, 2025 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 7.5%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date January 29, 2034 Series Preferred Series C-12026-09-300001786108trin:ConnectivityMemberus-gaap:DebtSecuritiesMembertrin:VerticalCommunicationsIncMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Nucleus RadioPharma, Inc. Type of Investment Warrant Investment Date June 4, 2024 Maturity Date June 4, 2034 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Equipment Financing Investment Date September 12, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Centivo Corporation Type of Investment Equity Investment Date December 20, 2024 Series Preferred Series B-12025-01-012025-12-310001786108United States AI Infrastructure Together Computer, Inc. Equipment Financing Investment Date June 29, 2026 Maturity Date July 1, 2029 Interest Rate Fixed interest rate 11.0%; EOT 4.5%2026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date November 25, 2024 Maturity Date November 25, 2029 Variable interest rate SOFR 3 Month Term + 7.7%; EOT 0.0%2026-01-012026-09-300001786108United States Artificial Intelligence & Automation Swimlane, Inc. Secured Loan Investment Date May 28, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.3%2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Path Robotics, Inc. Secured Loan Investment Date July 10, 2026 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%2026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Three Type of Investment Warrant Investment Date February 5, 2024 Expiration Date February 5, 2034 Series Common Stock2026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2023-01-012023-12-310001786108United States Finance and Insurance Slope Tech, Inc. Type of Investment Secured Loan Investment Date October 5, 2022 Maturity Date February 27, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 11.8% or Floor rate 11.8%; EOT 0.0%2025-12-310001786108trin:PrivateOfferingsMembertrin:EquityInterestsMember2020-01-160001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2026-01-012026-09-300001786108United States Finance and Insurance Tilt Finance, Inc. (dba Empower Financial, Inc.) Secured Loan Investment Date May 15, 2024 Maturity Date May 1, 2028 Interest Rate Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2026-09-300001786108us-gaap:WarrantMembertrin:TransportationTechnologyMembertrin:NextCarHoldingCompanyIncMembercountry:US2025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date February 1, 2024 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108United States Financial Technology Wisetack, Inc. Secured Loan Investment Date September 11, 2026 Maturity Date October 1, 2031 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology Zuum Transportation, Inc. Type of Investment Warrant Investment Date April 30, 2024 Maturity Date April 30, 2034 Series Common Stock2025-01-012025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Sortera Technologies, Inc. Equipment Financing Investment Date February 11, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Mainspring Energy, Inc. Type of Investment Warrant Investment Date November 20, 2020 Expiration Date November 20, 2030 Series Common Stock2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMember2026-09-300001786108Control Investments Trinity Capital Adviser, LLC2025-12-310001786108trin:SaasMembertrin:XytechSystemsLLCMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date May 15, 2025 Maturity Date June 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-01-012025-12-310001786108Affiliate Investments Senior Credit Corp 2022 LLC2026-01-012026-09-300001786108trin:DirectLending2025LLCMember2026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date July 21, 2035 Series Common Stock2025-01-012025-12-310001786108United States Artificial Intelligence & Automation Applied Digital Corporation Equipment Financing Investment Date April 24, 2024 Maturity Date April 1, 2026 Interest Rate Fixed interest rate 19.0%; EOT 0.0%2025-12-310001786108United States Software as a Service ("SaaS") Steno Agency, Inc. Type of Investment Secured Loan Investment Date May 16, 2025 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%2025-12-310001786108Portfolio Company Warrant Investments- United States Human Resource Technology BetterLeap, Inc. Type of Investment Warrant Investment Date April 20, 2022 Expiration Date April 20, 2032 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Place, Inc. Type of Investment Equity Investment Date January 29, 2026 Series Common Stock2026-09-300001786108us-gaap:CommonStockMember2025-06-300001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date February 28, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-01-012025-12-310001786108United States Biotechnology Pendulum Therapeutics, Inc. Secured Loan Investment Date June 17, 2022 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 10.0%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Homelight Lending, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date May 27, 2025 Expiration Date May 27, 2035 Series Common Stock2026-09-300001786108us-gaap:StockOptionMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date September 27, 2024 Expiration Date September 27, 2034 Series Common Stock2026-01-012026-09-300001786108United States Energy & Resource Technology Footprint International Holding, Inc. Secured Loan Investment Date February 18, 2022 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 7.3% or Floor rate 10.5%; EOT 3.5%2025-01-012025-12-310001786108Affiliate Investments2024-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 16, 2024 Series Preferred Series BB2025-01-012025-12-310001786108United States Space Technology Kymeta Corporation Secured Loan Investment Date June 11, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Crowdtap, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date December 11, 2027 Series Preferred Series B2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. Three Type of Investment Warrant Investment Date February 5, 2024 Expiration Date February 5, 2034 Series Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Lark Technologies, Inc. Type of Investment Warrant Investment Date September 30, 2020 Expiration Date September 30, 2030 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation Uniphore Technologies Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date September 30, 2035 Series Common Stock2025-12-310001786108United States Real Estate Technology Knockaway, Inc. Secured Loan Investment Date May 14, 2025 Maturity Date May 14, 2027 Interest Rate Fixed interest rate 4.0%; EOT 0.0%2026-09-300001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date August 2, 2024 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 12.0%; EOT 4.5%2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Centivo Corporation Type of Investment Warrant Investment Date December 20, 2024 Expiration Date July 31, 2034 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMember2025-01-012025-12-310001786108us-gaap:StockOptionMember2026-09-300001786108United States Artificial Intelligence & Automation Sortera Technologies, Inc. Equipment Financing Investment Date February 11, 2025 Maturity Date March 1, 2028 Interest Rate Fixed interest rate 12.5%; EOT 4.0%2025-01-012025-12-310001786108trin:SpaceTechnologyMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date October 2, 2025 Expiration Date May 27, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date August 10, 2021 Maturity Date September 1, 2027 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") CCP InterGalactic Buyer, LLC Secured Loan Investment Date February 9, 2026 Maturity Date September 15, 2030 Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%2026-01-012026-09-300001786108trin:SpaceTechnologyMembertrin:AstranisSpaceTechnologyCorporationMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date May 20, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.5%; EOT 2.0%2025-01-012025-12-310001786108trin:DiagnosticsAndToolsMember2026-09-300001786108trin:July2030NotesMember2026-09-300001786108Portfolio Company Equity Investments- United States AI Infrastructure Together Computer, Inc. Type of Investment Equity Investment Date May 15, 2026 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Education Technology Yellowbrick Learning, Inc. Type of Investment Secured Loan Investment Date August 10, 2021 Maturity Date March 1, 2026 Interest Rate Fixed interest rate 2.0%; EOT 5.0%2025-01-012025-12-310001786108trin:MedicalDevicesMembertrin:CMRSurgicalLimitedMemberus-gaap:DebtSecuritiesMembersrt:EuropeMember2026-09-300001786108United States Financial Technology Kafene, Inc. Secured Loan Investment Date January 5, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 13.0%; EOT 1.0%2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:WarrantMember2025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquityFundsMembersrt:MaximumMember2025-12-310001786108trin:EducationTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108trin:EquityATMProgramMember2026-07-012026-09-300001786108Europe Other Healthcare Services Zandivio PLC Secured Loan Investment Date October 30, 2024 Maturity Date May 1, 2029 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 13.8%; EOT 2.5%2026-09-300001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. One Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Warrant One Investment Date January 16, 2020 Expiration Date December 23, 2026 Series Preferred Series B2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Grabit Interactive Media, Inc. Type of Investment Warrant Investment Date April 8, 2022 Expiration Date April 8, 2034 Series Preferred Series A2026-01-012026-09-300001786108trin:InvestmentFeeAndOtherIncometrin:DesertStar2026LLCMember2026-07-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology PurpleLab, Inc. Type of Investment Warrant Investment Date September 24, 2025 Expiration Date September 24, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Exer Holdings, LLC Type of Investment Warrant Investment Date November 19, 2021 Expiration Date November 19, 2031 Series Common Units2026-01-012026-09-300001786108trin:RealEstateTechnologyMembertrin:OrchardTechnologiesIncMemberus-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:EquitySecuritiesMembercountry:CA2026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date March 24, 2025 Maturity Date March 24, 2030 Series Ordinary2026-09-300001786108Portfolio Company Equity Investments- Europe Real Estate Technology Prospire Technologies LTD Type of Investment Equity Investment Date April 10, 2026 Series Preferred Series B2026-01-012026-09-300001786108United States Financial Technology K-Dimensional Holdings Inc (dba CoastPay) Secured Loan Investment Date July 28, 2026 Maturity Date January 28, 2031 Interest Rate Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.5%; EOT 0.0%2026-09-300001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2026-09-3000017861082026-11-020001786108us-gaap:WarrantMembertrin:SpaceTechnologyMembercountry:UStrin:HermeusCorporationMember2026-09-300001786108United States Software as a Service ("SaaS") SOCi, Inc. Secured Loan Investment Date December 30, 2024 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%2026-01-012026-09-300001786108trin:TwoThousandNineteenRestrictedStockPlanMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Warrant Investment Date May 6, 2025 Expiration Date May 6, 2037 Series Common Stock2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMembersrt:MaximumMember2026-09-300001786108trin:EquityATMProgramMember2025-08-292025-08-290001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 6, 2024 Series Class B Common Stock2025-12-310001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date May 5, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Equity Investment Date April 10, 2026 Series Preferred Series C-22026-01-012026-09-300001786108trin:InsuranceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Homelight Lending, Inc. Type of Investment Warrant Investment Date June 23, 2022 Expiration Date June 23, 2032 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Ticketure LLC Secured Loan Investment Date January 29, 2026 Maturity Date July 25, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%2026-09-300001786108us-gaap:WarrantMembertrin:BiotechnologyMembercountry:US2026-09-300001786108trin:September2029NotesMembertrin:DebtATMProgramMember2025-02-100001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Series C-22026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-12026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date May 20, 2024 Series Class B Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date September 27, 2024 Expiration Date September 27, 2034 Series Common Stock2025-01-012025-12-310001786108us-gaap:SubsequentEventMembertrin:January2032NotesMember2026-10-050001786108United States Other Healthcare Services Cellares Corporation Type of Investment Secured Loan Investment Date August 2, 2024 Maturity Date February 1, 2027 Interest Rate Variable interest rate Prime + 3.3% or Floor rate 11.8%; EOT 4.0%2025-01-012025-12-310001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date July 31, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-09-300001786108trin:PaytientTechnologiesIncMembertrin:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Hermeus Corporation Type of Investment Warrant Investment Date March 20, 2026 Maturity Date March 20, 2036 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Human Resource Technology Nomad Health, Inc. Type of Investment Secured Loan Investment Date September 30, 2025 Maturity Date September 30, 2027 Interest Rate Fixed interest rate 7.5%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC) Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2025-12-310001786108trin:SpaceTechnologyMembertrin:HadrianAutomationIncMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108trin:SeniorSecuritiesMembertrin:TwoThousandTwentyFiveNotesMember2023-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date March 30, 2022 Series Common Stock2026-01-012026-09-300001786108trin:FinancialTechnologyMembertrin:MesaFinancialIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Artificial Intelligence & Automation K2View Inc. Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Ordinary2025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Bobbie Baby, Inc. Type of Investment Warrant Investment Date September 12, 2025 Expiration Date September 12, 2035 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Clinton Hill Assets SPV LLC Type of Investment Warrant Investment Date July 27, 2026 Expiration Date July 27, 2036 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035 Series Common Stock2025-12-310001786108United States AI Infrastructure QumulusAI, Inc Equipment Financing Investment Date August 13, 2026 Maturity Date September 1, 2029 Interest Rate Fixed interest rate 8.2%; EOT 9.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock2026-01-012026-09-300001786108trin:NonControlAndNonAffiliateInvestmentsIssuerMember2025-01-012025-09-300001786108Portfolio Company Equity Investments- United States Human Resource Technology Nomad Health, Inc. Type of Investment Equity Investment Date September 30, 2025 Series Preferred Series AA-12025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date February 14, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2025-12-3100017861082026-06-300001786108Portfolio Company Warrant Investments- United States SaaS Smartly, Inc. Type of Investment Warrant Investment Date May 16, 2022 Expiration Date May 16, 2034 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cart.com, Inc. Type of Investment Warrant Investment Date November 17, 2023 Expiration Date November 17, 2033 Series Common Stock2025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date August 13, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-01-012025-12-310001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date July 18, 2025 Expiration Date August 1, 2034 Series Preferred Series A-32026-09-300001786108trin:TransportationTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Mesa Financial, Inc. Type of Investment Warrant Investment Date August 29, 2024 Expiration Date August 29, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Luxwall, Inc. Type of Investment Warrant Investment Date June 4, 2026 Expiration Date June 4, 2036 Series Common Stock2026-01-012026-09-300001786108United States Medical Devices Neurolens, Inc. Type of Investment Secured Loan Investment Date January 21, 2025 Maturity Date October 1, 2028 Interest Rate Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%2025-12-310001786108trin:BiotechnologyMemberus-gaap:WarrantMembertrin:PendulumTherapeuticsIncMembercountry:US2025-12-310001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMember2026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Vertical Communications, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series 12025-12-310001786108Portfolio Company Warrant Investments- United States Construction Technology Project Frog, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date February 28, 2027 Series Preferred Series AA-12025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:September2029NotesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Supply Chain Technology Macrofab, Inc. Type of Investment Warrant Investment Date January 14, 2025 Maturity Date April 11, 2036 Series Preferred Series C-12025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date February 14, 2023 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2025-12-310001786108United States Software as a Service ("SaaS") Consensus Sales, LLC Secured Loan Investment Date June 5, 2026 Maturity Date June 5, 2031 Interest Rate Variable interest rate SOFR 3 Month Term + 7.2%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Preferred Series D2025-12-310001786108United States Connectivity AST & Science, LLC Equipment Financing Investment Date June 30, 2025 Maturity Date October 1, 2029 Interest Rate Fixed interest rate 16.1%; EOT 9.0%2026-09-300001786108trin:IndustrialsMemberus-gaap:EquitySecuritiesMembercountry:US2026-09-300001786108Portfolio Company Debt Securities- United States, Medical Devices, Apiject Holdings, Inc. Type of Investment Equipment Financing Investment Date September 30, 2024 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.3%; EOT 7.5%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Athletic Brewing Company, LLC Type of Investment Warrant Investment Date October 28, 2022 Expiration Date October 28, 2032 Series Class B Units2026-01-012026-09-300001786108trin:FinancialTechnologyMembertrin:LendflowIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:HealthcareTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108us-gaap:StockOptionMember2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:OtherHealthcareServicesMembercountry:US2025-12-310001786108trin:SeniorSecuritiesMembertrin:December2026NotesMember2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc Type of Investment Equity Investment Date March 24, 2026 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date March 28, 2024 Expiration Date March 28, 2034 Series Preferred Series 32026-09-300001786108us-gaap:WarrantMembertrin:IndustrialsMembersrt:EuropeMember2026-09-300001786108us-gaap:RetainedEarningsMember2026-07-012026-09-300001786108trin:TwoThousandNineteenLongTermIncentivePlanMember2026-01-012026-09-300001786108trin:KeyBankCreditFacilityMember2025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date January 12, 2024 Series Class B Common Stock2025-12-310001786108trin:ConsumerProductsAndServicesMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date October 10, 2023 Series Class B Common Stock2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Place, Inc. Type of Investment Equity Investment Date January 29, 2026 Series Common Stock2026-01-012026-09-300001786108United States Healthcare Technology Lightning Step Technologies, LLC Type of Investment Secured Loan Investment Date August 6, 2025 Maturity Date August 6, 2030 Interest Rate Variable interest rate SOFR 1 Month Term + 7.1%; EOT 0.0%2025-12-310001786108United States Software as a Service ("SaaS") SOCi, Inc. Type of Investment Secured Loan Investment Date August 5, 2025 Maturity Date October 3, 2029 Interest Rate Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Metabolon, Inc. Type of Investment Warrant Investment Date October 1, 2024 Expiration Date March 28, 2034 Series Preferred Series 32026-09-300001786108Portfolio Company Equity Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Equity Investment Date March 16, 2022 Series Preferred Senior Series 62026-09-300001786108trin:SecuredNotesMember2025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date December 26, 2024 Maturity Date January 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2026-09-300001786108trin:InvestmentAffiliatedIssuerOneMember2026-09-300001786108United States Healthcare Technology TMRW Life Sciences, Inc. Type of Investment Secured Loan Investment Date December 8, 2023 Maturity Date May 1, 2027 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 8.8%; EOT 5.8%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date June 9, 2024 Series Class B Common Stock2025-12-310001786108United States Software as a Service ("SaaS") ServiceTrade, Inc. Secured Loan Investment Date April 17, 2026 Maturity Date August 15, 2029 Variable interest rate SOFR 3 Month Term + 8.0%; EOT 0.0%2026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:May2031NotesMember2026-01-012026-09-300001786108trin:BiotechnologyMember2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Other Healthcare Services Cellares Corporation Type of Investment Equipment Financing Investment Date January 29, 2025 Maturity Date February 1, 2030 Interest Rate Fixed interest rate 12.5%; EOT 4.5%2025-01-012025-12-310001786108United States Supply Chain Technology Macrofab, Inc. Secured Loan Investment Date July 21, 2023 Maturity Date August 1, 2027 Interest Rate PIK Variable interest rate Prime + 5.5% or Floor rate 13.3%; EOT 4.5%2026-09-300001786108country:UStrin:MarketingMediaAndEntertainmentMemberus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Axiom Space, Inc. Type of Investment Warrant Investment Date May 28, 2021 Expiration Date May 28, 2031 Series Common Stock 12026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputMaturityMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:WarrantMember2025-12-310001786108Portfolio Company Equity Investments- United States Food and Agriculture Technologies Emergy, Inc. Type of Investment Equity Investment Date October 30, 2025 Common Stock2026-09-300001786108trin:KeyBankSecuredTermLoanFacilityMember2025-12-310001786108United States Finance and Insurance Under Technologies, Inc. Type of Investment Secured Loan Investment Date November 27, 2024 Maturity Date June 1, 2029 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 12.0%; EOT 4.3%2025-01-012025-12-310001786108United States Software as a Service ("SaaS") Eyelit Technologies, Inc. Secured Loan Investment Date November 4, 2024 Maturity Date November 4, 2029 Interest Rate Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- Europe Other Healthcare Services Zandivio PLC Type of Investment Warrant Investment Date October 29, 2024 Maturity Date October 29, 2034 Series Common Stock2026-01-012026-09-300001786108Control Investments Edeniq, Inc.2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Cpacket Networks, Inc. Type of Investment Warrant Investment Date January 29, 2024 Expiration Date January 29, 2034 Series Class B Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Slope Tech, Inc. Type of Investment Warrant Investment Date September 14, 2022 Expiration Date September 14, 2032 Series Common Stock2025-01-012025-12-310001786108trin:UnderwritersMember2023-08-082023-08-080001786108Portfolio Company Warrant Investments- United States Insurance Technology One Million Metrics (dba Kinetic) Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035 Series Common Stock2026-01-012026-09-300001786108Canada Financial Technology Koho Financial, Inc. Secured Loan Investment Date September 15, 2026 Maturity Date October 1, 2030 Variable interest rate Prime + 2.5% + PIK 1.25% or Floor rate 10.5%; EOT 3.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Warrant Investment Date February 12, 2025 Expiration Date February 12, 2034 Series Preferred Series 12025-12-310001786108us-gaap:FairValueInputsLevel3Membertrin:ValuationTechniqueTransactionsPrecedentMembertrin:MeasurementInputTransactionPriceMemberus-gaap:WarrantMember2026-09-300001786108United States Financial Technology Kard Financial, Inc. Secured Loan Investment Date September 10, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%2026-09-300001786108United States Supply Chain Technology Nucleus RadioPharma, Inc. Equipment Financing Investment Date June 4, 2024 Maturity Date July 1, 2027 Interest Rate Fixed interest rate 11.8%; EOT 4.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Financial Technology Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date October 17, 2025 Series Series 2025-ST72026-09-300001786108Portfolio Company Equity Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Equity Investment Date April 18, 2023 Series Preferred Series A-62026-09-300001786108United States Space Technology Astranis Space Technology Corporation Equipment Financing Investment Date August 25, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 4.0%2026-09-300001786108Portfolio Company Debt Securities- United States Medical Devices Nalu Medical, Inc Type of Investment Secured Loan Investment Date July 3, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 3.0% or Floor rate 10.0%; EOT 4.0%2025-12-310001786108Portfolio Company Debt Securities- United States Space Technology Kymeta Corporation Type of Investment Secured Loan Investment Date July 3, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%2025-01-012025-12-310001786108trin:ConvertibleNotesRedemptionMember2025-02-202025-02-200001786108trin:DigilensIncMembertrin:IndustrialsMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 5, 2023 Series Preferred Series C Prime2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Restor3d, Inc. Type of Investment Warrant Investment Date June 4, 2024 Expiration Date June 4, 2034 Series Preferred Series A2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Biotechnology Pendulum Therapeutics, Inc. One Type of Investment Warrant Investment Date June 1, 2020 Expiration Date July 15, 2030 Series Preferred Series B2025-01-012025-12-310001786108us-gaap:FairValueMeasurementsRecurringMember2026-09-300001786108United States Medical Devices Neuros Medical, Inc. Type of Investment Secured Loan Investment Date December 11, 2025 Maturity Date January 1, 2031 Interest Rate Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Q'Apel Medical, Inc. Type of Investment Warrant Investment Date July 2, 2026 Expiration Date July 2, 2036 Series Preferred Series B2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:DebtMembertrin:ValuationTechniqueEnterpriseValueMember2025-12-310001786108Portfolio Company Equity Investments- United States Finance and Insurance Openly Holdings Corp. Type of Investment Equity Investment Date May 9, 2023 Series Preferred Series D-12025-12-310001786108Portfolio Company Equity Investments- Canada Supply Chain Technology GoFor Delivers, Inc. Type of Investment Equity Investment Date June 28, 2024 Series Preferred Series 2 Seed2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Insurance Technology Inshur, Inc. Type of Investment Warrant Investment Date June 10, 2025 Expiration Date June 10, 2035 Series Common Stock2026-09-300001786108trin:RealEstateTechnologyMembertrin:MaxwellFinancialLabsIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Foreign Currency Forward Contracts Counterparty City National Bank Settlement Date December 24, 20262025-12-310001786108United States Biotechnology Taysha Gene Therapies, Inc. Secured Loan Investment Date August 7, 2025 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 5.0%2026-01-012026-09-300001786108United States Supply Chain Technology Macrofab, Inc. Type of Investment Secured Loan Investment Date July 21, 2023 Maturity Date August 1, 2027 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 13.3%; EOT 4.5%2025-01-012025-12-310001786108trin:MultiSectorHoldingsMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108trin:RealEstateTechnologyMembertrin:MaxwellFinancialLabsIncMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Kard Financial, Inc. Type of Investment Warrant Investment Date September 10, 2025 Expiration Date September 10, 2035 Series Common Stock2026-01-012026-09-300001786108us-gaap:UnsecuredDebtMembertrin:TwoThousandTwentyFiveNotesMember2026-09-300001786108trin:O2025Q1DividendsMember2025-03-310001786108trin:SeniorSecuritiesMembertrin:March2029NotesMember2024-12-310001786108trin:ConsumerProductsAndServicesMembertrin:OgeeIncMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Equity Investment Date April 18, 2023 Series Preferred Series A-62026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Warrant Investment Date June 25, 2025 Expiration Date June 25, 2035 Series Class A Common Stock2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date March 28, 2025 Maturity Date April 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-12-310001786108trin:HumanResourceTechnologyMember2025-12-310001786108Portfolio Company Warrant Investments- United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Warrant Investment Date July 1, 2024 Expiration Date May 10, 2034 Series Common Stock2025-12-310001786108us-gaap:WarrantMembertrin:ConstructionTechnologyMembertrin:ProjectFrogIncMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies Zero Acre Farms, Inc. Type of Investment Warrant Investment Date December 23, 2022 Expiration Date December 23, 2032 Series Class A Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date August 17, 2022 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 9.3%; EOT 11.0%2025-12-310001786108trin:O2026M6DividendsMember2026-06-110001786108United States Insurance Technology Centivo Corporation Secured Loan Investment Date May 20, 2025 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%2026-01-012026-09-300001786108trin:RealEstateTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2025-12-310001786108trin:HealthcareTechnologyMembercountry:USus-gaap:EquitySecuritiesMember2025-12-310001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date July 5, 2022 Series Preferred Series E-1D2025-12-310001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date April 18, 2022 Maturity Date April 18, 2027 Series Class A Common Stock2025-12-310001786108us-gaap:WarrantMembertrin:FinancialTechnologyMembertrin:MesaFinancialIncMembercountry:US2026-09-300001786108United States Medical Devices Vital Connect, Inc. Secured Loan Investment Date March 21, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 29, 2023 Series Preferred Series AA2026-09-300001786108trin:NexiiIncMembertrin:ConstructionTechnologyMemberus-gaap:EquitySecuritiesMembercountry:CA2025-12-310001786108us-gaap:StockOptionMembersrt:MaximumMember2025-01-012025-09-300001786108Portfolio Company Warrant Investments- United States SaaS Silk Technologies, Inc. Type of Investment Warrant Investment Date November 4, 2024 Expiration Date November 4, 2034 Series Common Stock2026-01-012026-09-300001786108United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Secured Loan Investment Date April 20, 2022 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 7.3% or Floor rate 10.5%; EOT 3.5%2025-12-310001786108United States Insurance Technology Inshur, Inc. Secured Loan Investment Date July 17, 2026 Maturity Date September 1, 2030 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%2026-09-300001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date May 14, 2026 Maturity Date June 1, 2031 Interest Rate Variable interest rate Prime + 6.5% or Floor rate 11.3%; EOT 3.8%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Upward Health, Inc. Type of Investment Warrant Investment Date August 6, 2024 Expiration Date August 6, 2034 Series Class A Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics iGrafx, LLC Secured Loan Investment Date November 12, 2025 Maturity Date November 12, 2028 Interest Rate Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Healthcare Technology Pearl Health, Inc. Type of Investment Warrant Investment Date June 17, 2026 Expiration Date June 17, 2036 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Kafene, Inc. Type of Investment Warrant Investment Date January 5, 2024 Expiration Date January 15, 2034 Series Common Stock2026-01-012026-09-300001786108trin:MedicalDevicesMemberus-gaap:WarrantMembertrin:CMRSurgicalLimitedMembersrt:EuropeMember2026-09-300001786108trin:September2029NotesMembertrin:DebtATMProgramMember2025-07-012025-09-300001786108us-gaap:DebtSecuritiesMembersrt:EuropeMember2025-12-310001786108Portfolio Company Debt Securities- United States Finance and Insurance Gravie, Inc. Type of Investment Secured Loan Investment Date June 4, 2024 Maturity Date July 1, 2029 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 13.0%; EOT 2.5%2025-01-012025-12-310001786108United States Finance and Insurance Kafene, Inc. Type of Investment Secured Loan Investment Date January 5, 2024 Maturity Date February 1, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 13.0%; EOT 1.0%2025-12-3100017861082025-06-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-12-310001786108Portfolio Company Equity Investments- United States Financial Technology Dynamics, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series A2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Trinity Capital SBIC LP Type of Investment Equity Investment Date April 2, 2026 Series Member Interest2026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Astranis Space Technology Corporation Type of Investment Equipment Financing Investment Date April 13, 2023 Maturity Date May 1, 2027 Interest Rate Fixed interest rate 12.1%; EOT 6.5%2025-01-012025-12-310001786108United States Real Estate Technology Maxwell Financial Labs, Inc. Type of Investment Secured Loan Investment Date September 30, 2021 Maturity Date July 1, 2026 Interest Rate Variable interest rate Prime + 6.8% or Floor rate 13.5%; EOT 5.0%2025-01-012025-12-310001786108United States Marketing, Media, and Entertainment Angel Studios, Inc. Secured Loan Investment Date September 8, 2025 Maturity Date October 1, 2030 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Industrials Digilens, Inc. Type of Investment Equity Investment Date March 24, 2025 Series Class B Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States Multi-Sector Holdings Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC) Type of Investment Equity Investment Date June 28, 2024 Series Member Interest2025-01-012025-12-310001786108us-gaap:WarrantMembertrin:HealthcareTechnologyMembercountry:US2025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Route 92 Medical, Inc. Type of Investment Warrant Investment Date September 29, 2026 Expiration Date September 29, 2036 Series Preferred Series F-22026-01-012026-09-300001786108trin:SeniorSecuritiesMember2023-01-012023-12-310001786108trin:August2026NotesMember2021-08-240001786108trin:TicketureLLCMembertrin:SaasMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108trin:SeniorCreditCorpMember2026-01-012026-09-300001786108United States Space Technology Impulse Space, Inc. Equipment Financing Investment Date September 13, 2024 Maturity Date October 1, 2027 Interest Rate Fixed interest rate 12.5%; EOT 3.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Warrant Investment Date December 6, 2023 Expiration Date December 6, 2033 Series Preferred Series AA2025-12-310001786108trin:O2026M6DividendsMember2026-06-112026-06-110001786108trin:EquityATMProgramMembersrt:MaximumMember2021-11-092021-11-090001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Hologram, Inc. Type of Investment Warrant Investment Date January 31, 2020 Expiration Date January 27, 2030 Series Common Stock2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:KeyBankSecuredTermLoanFacilityMember2026-09-300001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date September 9, 2025 Maturity Date March 31, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series SAFE Note2025-01-012025-12-310001786108Affiliate Investments Emergy, Inc.2026-09-300001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics D-Wave Quantum Inc. Type of Investment Warrant Investment Date August 1, 2025 Expiration Date August 1, 2035 Series Common Stock2026-01-012026-09-300001786108trin:SeniorSecuritiesMembertrin:SeriesANotesMember2026-01-012026-09-300001786108trin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:CA2026-09-300001786108United States Software as a Service ("SaaS") CW AcquisitionsCo Secured Loan Investment Date June 12, 2026 Maturity Date June 12, 2032 Interest Rate Variable interest rate SOFR 3 Month Term + 8.5%; EOT 0.0%2026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Convertible Note2025-12-310001786108Affiliate Investments Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)2025-01-012025-12-310001786108United States Marketing, Media, and Entertainment Vox Media Holdings, Inc. Type of Investment Secured Loan Investment Date December 29, 2022 Maturity Date January 1, 2028 Interest Rate Variable interest rate Prime + 6.3% or Floor rate 11.8%; EOT 2.5%2025-01-012025-12-310001786108trin:SeniorSecuritiesMembertrin:KeyBankCreditFacilityMember2024-12-310001786108trin:EquityOfferingsMember2022-08-182022-08-180001786108us-gaap:WarrantMembercountry:US2026-09-300001786108trin:ConnectivityMemberus-gaap:DebtSecuritiesMembercountry:UStrin:VerticalCommunicationsIncMember2026-09-300001786108United States Other Healthcare Services Metabolon, Inc. Secured Loan Investment Date October 1, 2024 Maturity Date April 1, 2029 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Xytech Systems, LLC Secured Loan Investment Date July 2, 2025 Maturity Date February 26, 2030 Interest Rate Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Healthcare Technology Emerald Cloud Lab, Inc. Type of Investment Equity Investment Date June 3, 2022 Series Preferred Series A2025-01-012025-12-310001786108trin:TrinityCapitalAdviserLlcMembertrin:AdviserSubMember2025-01-012025-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series C2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Happiest Baby, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date May 16, 2029 Series Common Stock2025-01-012025-12-310001786108us-gaap:EquitySecuritiesMembercountry:US2025-12-310001786108Control Investments2024-12-310001786108trin:SanDiegoOfficeMember2025-12-310001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies DrinkPak, LLC Type of Investment Warrant Investment Date September 13, 2022 Expiration Date September 13, 2032 Series Common Units2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Bestow, Inc. Type of Investment Warrant Investment Date August 1, 2024 Expiration Date August 1, 2034 Series Preferred Series C-22025-12-310001786108Control Investments Direct Lending 2025 LLC2026-09-300001786108Portfolio Company Warrant Investments- Europe Medical Devices CMR Surgical Limited Type of Investment Warrant Investment Date March 24, 2025 Maturity Date March 24, 2030 Series Ordinary2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date March 19, 2024 Series Preferred Series D2026-01-012026-09-300001786108trin:TrinityInvestorJVILLCMember2025-01-012025-12-310001786108trin:ConstructionTechnologyMember2026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date August 25, 2025 Expiration Date August 25, 2035, Series Common Stock2026-09-300001786108trin:DahliaClipperSPVLPMembertrin:SaasMembercountry:USus-gaap:EquitySecuritiesMember2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Velentium, Inc. Type of Investment Warrant Investment Date May 24, 2024 Expiration Date May 24, 2034 Series Class B Units2025-12-310001786108Portfolio Company Debt Securities- United States Connectivity Vertical Communications, Inc. Type of Investment Secured Loan Investment Date July 16, 2025 Maturity Date December 1, 2026 Interest Rate Fixed interest rate 11.5%; EOT 0.0%2026-09-300001786108trin:PrivateOfferingsMembertrin:LegacyFundsMember2020-01-160001786108Portfolio Company Warrant Investments- Europe Space Technology All.Space Networks, Limited. Type of Investment Warrant Investment Date August 19, 2022 Maturity Date August 19, 2032 Series Common Stock2026-01-012026-09-300001786108United States Artificial Intelligence & Automation D-Wave Quantum Inc. Equipment Financing Investment Date August 1, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 10.8%; EOT 4.0%2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Medical Devices Shoulder Innovations, Inc. Type of Investment Warrant Investment Date August 7, 2023 Expiration Date August 7, 2033 Series Preferred Series D2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States SaaS Silk Technologies, Inc. Type of Investment Equity Investment Date November 9, 2025 Series SAFE Note2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Boosted eCommerce, Inc. Type of Investment Warrant Investment Date December 14, 2020 Expiration Date December 14, 2030 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Alt Platform Inc. Type of Investment Warrant Investment Date July 8, 2025 Expiration Date July 8, 2035 Series Common Stock2026-09-300001786108trin:July2030NotesMember2025-07-012025-09-300001786108United States Multi-Sector Holdings Senior Credit Corp 2022 LLC Secured Loan Investment Date January 30, 2023 Maturity Date December 5, 2028 Interest Rate Fixed interest rate 8.5%; EOT 0.0%2026-09-300001786108Affiliate Investments Senior Credit Corp 2022 LLC2025-01-012025-12-310001786108Affiliate Investments2025-12-310001786108United States Medical Devices Route 92 Medical, Inc. Secured Loan Investment Date September 29, 2026 Maturity Date September 29, 2031 Interest Rate Variable interest rate Prime + 0.0% + PIK 3.25% or Floor rate 10.0%; EOT 3.5%2026-01-012026-09-300001786108us-gaap:StockOptionMember2026-01-012026-09-300001786108trin:SpaceTechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108United States Other Healthcare Services Velentium, Inc. Type of Investment Secured Loan Investment Date May 24, 2024 Maturity Date May 24, 2029 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 5.3%2025-01-012025-12-310001786108Control Investments WorkWell Prevention and Care Inc.2024-12-310001786108United States Healthcare Technology B.Well Connected Health, Inc. Secured Loan Investment Date October 29, 2025 Maturity Date May 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Neuros Medical, Inc. Type of Investment Warrant Investment Date August 30, 2024 Expiration Date August 10, 2033 Series Preferred Series C2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:WarrantMember2026-09-3000017861082025-01-012025-12-310001786108trin:EducationTechnologyMember2026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology RTS Holding, Inc. Type of Investment Equity Investment Date February 7, 2025 Series Preferred Series E-12025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date May 15, 2025 Maturity Date June 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-09-300001786108Portfolio Company Equity Investments- United States Finance and Insurance Upgrade Master Pass - Thru Trust Type of Investment Equity Investment Date November 19, 2025 Series Series 2025-ST72025-12-310001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date December 17, 2025 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2025-12-310001786108United States Transportation Technology Zuum Transportation, Inc. Type of Investment Secured Loan Investment Date December 17, 2021 Maturity Date January 1, 2027 Interest Rate Variable interest rate Prime + 6.0% or Floor rate 10.8%; EOT 2.5%2025-12-310001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics Sortera Technologies, Inc. Type of Investment Warrant Investment Date February 11, 2025 Expiration Date February 11, 2035 Series Common Stock2026-01-012026-09-300001786108United States Space Technology Slingshot Aerospace, Inc. Type of Investment Secured Loan Investment Date July 12, 2024 Maturity Date August 1, 2029 Interest Rate Variable interest rate Prime + 5.5% or Floor rate 14.0%; EOT 3.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Marketing, Media, and Entertainment Angel Studios, Inc. Type of Investment Warrant Investment Date September 8, 2025 Expiration Date September 11, 2030 Series Common Stock2025-12-310001786108United States Medical Devices Vital Connect, Inc. Type of Investment Secured Loan Investment Date December 17, 2025 Maturity Date July 3, 2029 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%2025-12-310001786108trin:KeyBankCreditFacilityMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Lightforce Orthodontics, Inc. Type of Investment Warrant Investment Date September 25, 2024 Expiration Date August 6, 2034 Series Preferred Series D2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Crusoe Energy Systems LLC Type of Investment Equity Investment Date November 6, 2024 Series Preferred Series D-12026-09-300001786108trin:EquityATMProgramMember2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Medical Devices Elucent Medical, Inc. Type of Investment Warrant Investment Date January 15, 2026 Expiration Date October 31, 2034 Series Preferred Series C-22026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Warrant Investment Date December 14, 2021 Maturity Date December 14, 2026 Series Class A Common Stock2025-12-310001786108Portfolio Company Warrant Investments- United States SaaS Steno Agency, Inc. Type of Investment Warrant Investment Date June 21, 2024 Expiration Date June 21, 2034 Series Common Stock2025-01-012025-12-310001786108United States Real Estate Technology Orchard Technologies, Inc. Secured Loan Investment Date January 27, 2026 Maturity Date January 1, 2030 Interest Rate Variable interest rate Prime + 0.0% or Floor rate 0.0%; EOT 0.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Finance and Insurance Wisetack, Inc. Type of Investment Warrant Investment Date November 14, 2024 Expiration Date November 14, 2034 Series Common Stock2025-01-012025-12-310001786108trin:SeniorSecuritiesMember2021-12-310001786108us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMemberus-gaap:WarrantMember2025-12-310001786108us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputMaturityMemberus-gaap:EquityFundsMemberus-gaap:MarketApproachValuationTechniqueMember2025-12-310001786108United States Transportation Technology EH Leasing Company, LLC Equipment Financing Investment Date November 1, 2025 Maturity Date November 1, 2029 Interest Rate Fixed interest rate 14.4%; EOT 18.7%2026-01-012026-09-3000017861082019-09-272019-09-270001786108trin:December2026NotesMember2021-12-142021-12-150001786108trin:ConsumerProductsAndServicesMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108us-gaap:RestrictedStockMembertrin:TwoThousandNineteenLongTermIncentivePlanMember2026-01-012026-09-300001786108Portfolio Company Debt Securities- United States Transportation Technology Uveye, Inc. Type of Investment Equipment Financing Investment Date September 26, 2025 Maturity Date October 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 1.0%2025-01-012025-12-310001786108United States Consumer Products & Services Ogee, Inc. Secured Loan Investment Date August 1, 2024 Maturity Date March 1, 2027 Interest Rate Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%2026-01-012026-09-300001786108United States Consumer Products & Services Rinse, Inc. Secured Loan Investment Date May 10, 2022 Maturity Date June 1, 2027 Interest Rate Variable interest rate Prime + 8.0% or Floor rate 11.3%; EOT 3.8%2025-12-310001786108Portfolio Company Equity Investments- United States Healthcare Technology WorkWell Prevention & Care Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series P2025-01-012025-12-3100017861082026-03-310001786108Portfolio Company Warrant Investments- United States Healthcare Technology Paytient Technologies, Inc. Type of Investment Warrant Investment Date May 27, 2025 Expiration Date May 27, 2035 Series Common Stock2026-01-012026-09-300001786108Portfolio Company Equity Investments- United States Energy & Resource Technology Edeniq, Inc. Type of Investment Equity Investment Date January 16, 2020 Series Preferred Series B2026-09-300001786108United States Connectivity Tarana Wireless, Inc Secured Loan Investment Date September 23, 2024 Maturity Date October 1, 2029 Interest Rate Variable interest rate Prime + 4.5% or Floor rate 12.5%; EOT 4.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Connectivity Tarana Wireless, Inc. Type of Investment Warrant Investment Date June 30, 2021 Expiration Date June 30, 2031 Series Common Stock2025-12-310001786108trin:DirectLending2025LLCMember2025-12-310001786108trin:WestAmericaMember2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date November 14, 2024 Maturity Date December 1, 2028 Interest Rate Fixed interest rate 11.9%; EOT 15.0%2025-12-310001786108United States Real Estate Technology Knockaway Trinity Holdings, LLC Secured Loan Investment Date December 6, 2023 Maturity Date December 27, 2026 Interest Rate Variable interest rate SOFR 1 Month Term + 9.3% or Floor rate 13.8%; EOT 0.0%2025-01-012025-12-310001786108United States Healthcare Technology WorkWell Prevention & Care Inc. Secured Loan Investment Date December 31, 2022 Maturity Date February 1, 2028 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 6.0%; EOT 0.0%2026-09-300001786108United States Finance and Insurance Mesa Financial, Inc. Secured Loan Investment Date August 29, 2024 Maturity Date February 28, 2027 Interest Rate Variable interest rate SOFR 1 Month Term + 10.3% or Floor rate 12.3%; EOT 0.0%2025-01-012025-12-310001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembersrt:MinimumMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMember2026-09-300001786108trin:BiotechnologyMemberus-gaap:DebtSecuritiesMembercountry:US2025-12-310001786108United States Finance and Insurance Centivo Corporation Secured Loan Investment Date May 20, 2025 Maturity Date August 1, 2029 Variable interest rate Prime + 4.5% or Floor rate 11.3% + PIK Fixed Interest Rate 1.0%; EOT 2.0%2025-12-310001786108Portfolio Company Warrant Investments- United States Financial Technology Parafin, Inc. Type of Investment Warrant Investment Date December 23, 2024 Expiration Date December 23, 2034 Series Common Stock2026-09-300001786108Portfolio Company Warrant Investments- United States Financial Technology Kard Financial, Inc. Type of Investment Warrant Investment Date September 10, 2025 Expiration Date September 10, 2035 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date March 31, 2026 Maturity Date April 1, 2030 Interest Rate Fixed interest rate 12.2%; EOT 10.0%2026-09-300001786108Portfolio Company Warrant Investments- United States Food and Agriculture Technologies GrubMarket, Inc. Type of Investment Warrant Investment Date June 15, 2020 Expiration Date June 15, 2030 Series Common Stock2026-09-300001786108Portfolio Company Equity Investments- United States SaaS Crowdtap, Inc. Type of Investment Equity Investment Date December 5, 2025 Series Preferred Series B2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Ogee, Inc. One Type of Investment Warrant Investment Date September 29, 2023 Expiration Date February 14, 2033 Series Preferred Series A-32025-12-310001786108United States Marketing, Media, and Entertainment Rarefied Atmosphere, Inc. Type of Investment Secured Loan Investment Date May 6, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.0%2025-01-012025-12-310001786108trin:O2026M11DividendsMember2026-11-130001786108Portfolio Company Warrant Investments- United States AI , Automation, & Robotics K2View Inc. Type of Investment Warrant Investment Date May 30, 2025 Expiration Date May 30, 2035 Series Ordinary2026-01-012026-09-300001786108Canada Real Estate Technology Maple Raptor Acquisition Inc. Type of Investment Secured Loan Investment Date April 28, 2025 Maturity Date April 28, 2030 Interest Rate Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Real Estate Technology Orchard Technologies, Inc. Type of Investment Equity Investment Date January 24, 2025 Series Preferred Series 12025-01-012025-12-310001786108Portfolio Company Equity Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Equity Investment Date April 21, 2026 Series Preferred Series E2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Astranis Space Technology Corporation Type of Investment Warrant Investment Date June 26, 2025 Expiration Date June 26, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Debt Securities- United States Energy & Resource Technology SeaOn Global, LLC Type of Investment Equipment Financing Investment Date August 17, 2022 Maturity Date September 1, 2026 Interest Rate Fixed interest rate 9.3%; EOT 11.0%2025-01-012025-12-310001786108trin:MultiSectorHoldingsOneMember2026-09-300001786108trin:VoxMediaHoldingsIncMemberus-gaap:DebtSecuritiesMembertrin:MarketingMediaAndEntertainmentMembercountry:US2025-12-310001786108trin:O2026M3DividendsMember2026-03-132026-03-130001786108trin:SeniorSecuritiesMemberus-gaap:ConvertibleNotesPayableMember2020-12-310001786108Portfolio Company Warrant Investments- United States Finance and Insurance Mesa Financing I, LLC Type of Investment Warrant Investment Date May 7, 2025 Expiration Date May 7, 2035 Series Common Stock2025-01-012025-12-310001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. One Type of Investment Warrant Investment Date April 1, 2021 Expiration Date April 1, 2031 Series Common Stock2025-01-012025-12-310001786108trin:August2026NotesMember2025-12-310001786108United States Energy & Resource Technology Commonwealth Fusion Systems, LLC Equipment Financing Investment Date December 24, 2025 Maturity Date December 1, 2030 Interest Rate Fixed interest rate 11.4%; EOT 6.0%2026-09-300001786108trin:MedicalDevicesMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- Canada Construction Technology Nexii, Inc. Type of Investment Equity Investment Date July 24, 2024 Series Preferred Series A-1 One2025-01-012025-12-310001786108Foreign Currency Forward Contracts Counterparty Canadian Imperial Bank of Commerce Settlement Date April 29, 20272026-09-300001786108trin:SaasMemberus-gaap:DebtSecuritiesMembercountry:UStrin:StenoAgencyIncMember2026-09-300001786108trin:DebtATMProgramMembertrin:March2029NotesMember2026-07-012026-09-300001786108Portfolio Company Debt Securities- Europe Other Healthcare Services Zandivio PLC Type of Investment Secured Loan Investment Date October 30, 2024 Maturity Date May 1, 2039 Interest Rate Variable interest rate Prime + 5.3% or Floor rate 13.8%; EOT 2.5%2025-01-012025-12-310001786108United States Transportation Technology Uveye, Inc. Equipment Financing Investment Date August 13, 2025 Maturity Date September 1, 2028 Interest Rate Fixed interest rate 11.6%; EOT 1.0%2026-01-012026-09-300001786108trin:O2026M7DividendsMember2026-07-150001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Madison Reed, Inc. Type of Investment Warrant Investment Date January 16, 2020 Expiration Date March 23, 2027 Series Preferred Series C2026-09-300001786108Portfolio Company Warrant Investments- United States Other Healthcare Services Velentium, Inc. Type of Investment Warrant Investment Date May 24, 2024 Expiration Date May 31, 2034 Series Class B Units2026-09-300001786108United States Connectivity Vertical Communications, Inc. Secured Loan Investment Date August 23, 2021 Maturity Date November 1, 2026 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 23.8%2025-01-012025-12-310001786108country:CA2026-09-300001786108trin:FinancialTechnologyMembertrin:KardFinancialIncMemberus-gaap:DebtSecuritiesMembercountry:US2026-09-300001786108Portfolio Company Equity Investments- United States Real Estate Technology Knockaway, Inc. Type of Investment Equity Investment Date September 7, 2023 Series Preferred Series AA-12026-09-300001786108Portfolio Company Warrant Investments- United States Energy & Resource Technology Footprint International Holding, Inc. Type of Investment Warrant Investment Date October 31, 2024 Expiration Date October 31, 2034 Series Preferred Class F2025-12-310001786108Portfolio Company Equity Investments- United States Consumer Products & Services Portofino Labs, Inc. Type of Investment Equity Investment Date November 1, 2021 Series Preferred Series B-12026-01-012026-09-300001786108trin:FinancialTechnologyMemberus-gaap:EquitySecuritiesMembersrt:EuropeMember2026-09-300001786108Portfolio Company Debt Securities- United States Space Technology Impulse Space, Inc. Type of Investment Equipment Financing Investment Date June 25, 2025 Maturity Date July 1, 2028 Interest Rate Fixed interest rate 12.8%; EOT 3.0%2025-01-012025-12-310001786108Portfolio Company Equity Investments- United States AI Infrastructure Trin H OpCo I LLC Type of Investment Equity Investment Date April 28, 2026 Series Member Interest2026-09-300001786108Portfolio Company Warrant Investments- United States Consumer Products & Services Portofino Labs, Inc. One Type of Investment Warrant Investment Date April 1, 2021 Expiration Date April 1, 2031 Series Common Stock2026-01-012026-09-300001786108United States Software as a Service ("SaaS") Hometown Ticketing, Inc. Secured Loan Investment Date June 23, 2026 Maturity Date December 31, 2026 Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%2026-09-300001786108trin:O2026M2DividendsMember2026-02-130001786108trin:TaranaWirelessIncMembertrin:ConnectivityMemberus-gaap:WarrantMembercountry:US2026-09-300001786108trin:SupplyChainTechnologyMember2025-12-310001786108United States Financial Technology Cherry Technologies, Inc. Secured Loan Investment Date March 29, 2024 Maturity Date August 1, 2031 Interest Rate Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%2026-09-300001786108Affiliate Investments Nomad Health, Inc.2026-01-012026-09-300001786108Portfolio Company Warrant Investments- United States Space Technology Kymeta Corporation Type of Investment Warrant Investment Date July 3, 2024 Expiration Date July 3, 2034 Series Common Stock2025-12-310001786108United States Artificial Intelligence ("AI"), Automation, & Robotics Tquila Automation, Inc Secured Loan Investment Date July 2, 2025 Maturity Date August 1, 2030 Interest Rate Variable interest rate Prime + 5.0% or Floor rate 12.3%; EOT 3.0%2026-09-300001786108trin:SaasMemberus-gaap:DebtSecuritiesMembercountry:UStrin:StenoAgencyIncMember2025-12-310001786108United States Medical Devices Lightforce Orthodontics, Inc. Secured Loan Investment Date September 25, 2024 Maturity Date August 6, 2029 Interest Rate Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%2026-09-300001786108Portfolio Company Warrant Investments- United States SaaS Smartly, Inc. Type of Investment Warrant Investment Date May 16, 2022 Expiration Date May 16, 2034 Series Common Stock2026-09-300001786108Portfolio Company Debt Securities- United States Energy & Resource Technology Electric Hydrogen Co. Type of Investment Equipment Financing Investment Date December 22, 2023 Maturity Date January 1, 2029 Interest Rate Fixed interest rate 12.5%; EOT 15.0%2026-09-300001786108SOFR 3-Month Term Rate2026-09-300001786108us-gaap:WarrantMembercountry:CA2025-12-310001786108trin:SeniorCreditCorpMember2025-12-310001786108Portfolio Company Equity Investments- United States Transportation Technology NextCar Holding Company, Inc. Type of Investment Equity Investment Date April 18, 2023 Series Preferred Series A-62025-01-012025-12-310001786108us-gaap:RetainedEarningsMember2025-09-300001786108Portfolio Company Debt Securities- United States Diagnostics & Tools Artera Inc. Type of Investment Secured Loan Investment Date March 13, 2026 Maturity Date February 1, 2031 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 10.0%; EOT 4.5%2026-01-012026-09-300001786108United States Artificial Intelligence ("AI"), Automation, & Robotics K2View Inc. Secured Loan Investment Date May 30, 2025 Maturity Date June 1, 2030 Interest Rate Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 2.5%2026-01-012026-09-300001786108us-gaap:FairValueInputsLevel3Membertrin:ScenarioAnalysisMemberus-gaap:DebtMembertrin:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembersrt:MaximumMember2026-09-30iso4217:GBPxbrli:sharesiso4217:USDxbrli:sharesxbrli:puretrin:Loantrin:BusinessDaysxbrli:sharesiso4217:EURxbrli:sharestrin:Segmenttrin:Equipmentiso4217:CADxbrli:sharesiso4217:USDutr:Y

Table of Contents

 

PRewhwwrecw20112

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 10-Q

 

 

 

(Mark One)

 

☒

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended September 30, 2026

 

OR

 

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission file number: 001-39958

 

 

 

TRINITY CAPITAL INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

Maryland

35-2670395

(State or other jurisdiction of incorporation or
organization)

(IRS Employer Identification No.)

 

 

1 N. 1st Street
Suite 302
Phoenix, Arizona

85004

(Address of principal executive offices)

(Zip Code)

 

(480) 374‑5350

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

 

TRIN

 

New York Stock Exchange

 

 

 

 

NYSE Texas, Inc.

7.875% Notes Due March 2029

 

TRNZ

 

New York Stock Exchange

 

 

 

 

NYSE Texas, Inc.

7.875% Notes Due September 2029

 

TRNI

 

New York Stock Exchange

 

 

 

 

NYSE Texas, Inc.

 

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b‑2 of the Exchange Act:

 

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Act). Yes ☐ No ☒

 

As of November 2, 2026, the registrant had 98,816,137 shares of common stock ($0.001 par value per share) outstanding.

 

 

 

Table of Contents

 

TRINITY CAPITAL INC.

FORM 10‑Q FOR THE QUARTER ENDED SEPTEMBER 30, 2026

TABLE OF CONTENTS

 

 

 

PAGE
NO.

 

 

 

PART I

FINANCIAL INFORMATION

3

Item 1.

Consolidated Financial Statements

3

 

Consolidated Statements of Assets and Liabilities as of September 30, 2026 (unaudited) and December 31, 2025

3

 

Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2026 and 2025 (unaudited)

4

 

Consolidated Statements of Changes in Net Assets for the Three and Nine Months Ended September 30, 2026 and 2025 (unaudited)

5

 

Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2026 and 2025 (unaudited)

7

 

Consolidated Schedule of Investments as of September 30, 2026 (unaudited)

9

 

Consolidated Schedule of Investments as of December 31, 2025

40

 

Notes to Consolidated Financial Statements (unaudited)

70

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

122

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

140

Item 4.

Controls and Procedures

141

PART II

OTHER INFORMATION

141

Item 1.

Legal Proceedings

141

Item 1A.

Risk Factors

142

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

142

Item 3.

Defaults Upon Senior Securities

142

Item 4.

Mine Safety Disclosures

142

Item 5.

Other Information

142

Item 6.

Exhibits

142

 

SIGNATURES

 

144

 

 

Table of Contents

 

PART I: FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements
 

TRINITY CAPITAL INC.

Consolidated Statements of Assets and Liabilities

(In thousands, except share and per share data)

 

 

September 30,

 

 

December 31,

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

 

 

 

ASSETS

 

 

 

 

Investments at fair value:

 

 

 

 

Control investments (cost of $205,555 and $107,747, respectively)

 

$

211,050

 

 

$

123,760

 

Affiliate investments (cost of $79,425 and $63,422, respectively)

 

 

54,874

 

 

 

50,495

 

Non-Control / Non-Affiliate investments (cost of $2,554,312 and $2,225,715, respectively)

 

 

2,591,808

 

 

 

2,243,820

 

Total investments (cost of $2,839,292 and $2,396,883, respectively)

 

 

2,857,732

 

 

 

2,418,075

 

Cash and cash equivalents

 

 

20,664

 

 

 

19,110

 

Interest receivable

 

 

20,727

 

 

 

19,031

 

Deferred credit facility costs

 

 

4,643

 

 

 

5,872

 

Other assets

 

 

26,929

 

 

 

22,431

 

Total assets

 

$

2,930,695

 

 

$

2,484,519

 

 

 

 

 

LIABILITIES

 

 

 

 

Credit Facility

 

$

485,700

 

 

$

373,900

 

Secured Notes, net of $1,156 and $1,467, respectively, of unamortized deferred financing costs

 

 

173,744

 

 

 

198,533

 

Unsecured Notes, net of $13,312 and $10,118, respectively, of unamortized deferred financing costs and premium/discount

 

 

893,569

 

 

 

721,763

 

Distribution payable

 

 

—

 

 

 

41,574

 

Security deposits

 

 

2,171

 

 

 

3,008

 

Accounts payable, accrued expenses and other liabilities

 

 

49,761

 

 

 

51,742

 

Total liabilities

 

 

1,604,945

 

 

 

1,390,520

 

 

 

 

 

Commitments and contingencies (Note 6)

 

 

 

 

 

 

 

 

 

 

NET ASSETS

 

 

 

 

Common stock, $0.001 par value per share (200,000,000 authorized, 97,380,301 and 81,518,294 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively)

 

 

97

 

 

 

82

 

Paid-in capital in excess of par

 

 

1,348,197

 

 

 

1,100,343

 

Distributable earnings/(accumulated deficit)

 

 

(22,544

)

 

 

(6,426

)

Total net assets

 

 

1,325,750

 

 

 

1,093,999

 

Total liabilities and net assets

 

$

2,930,695

 

 

$

2,484,519

 

NET ASSET VALUE PER SHARE

 

$

13.61

 

 

$

13.42

 

 

See accompanying notes to unaudited consolidated financial statements.

3

Table of Contents

 

TRINITY CAPITAL INC.

Consolidated Statements of Operations

(In thousands, except share and per share data)

(Unaudited)
 

 

Three Months Ended

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

September 30, 2026

 

 

September 30, 2025

 

 

September 30, 2026

 

 

September 30, 2025

 

INVESTMENT INCOME:

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income:

 

 

 

 

 

 

 

 

 

 

 

Control investments

$

 

2,826

 

 

$

 

2,809

 

 

$

 

12,477

 

 

$

 

7,567

 

Affiliate investments

 

 

1,639

 

 

 

 

1,866

 

 

 

 

5,534

 

 

 

 

4,116

 

Non-Control / Non-Affiliate investments

 

 

81,487

 

 

 

 

67,900

 

 

 

 

230,861

 

 

 

 

190,278

 

Total interest and dividend income

 

 

85,952

 

 

 

 

72,575

 

 

 

 

248,872

 

 

 

 

201,961

 

Fee and other income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Control investments

 

 

687

 

 

 

 

—

 

 

 

 

1,320

 

 

 

 

—

 

Affiliate investments

 

 

998

 

 

 

 

731

 

 

 

 

2,259

 

 

 

 

2,020

 

Non-Control / Non-Affiliate investments

 

 

10,751

 

 

 

 

2,244

 

 

 

 

23,235

 

 

 

 

6,436

 

Total fee and other income

 

 

12,436

 

 

 

 

2,975

 

 

 

 

26,814

 

 

 

 

8,456

 

Total investment income

 

 

98,388

 

 

 

 

75,550

 

 

 

 

275,686

 

 

 

 

210,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

Interest expense and other debt financing costs

 

 

28,300

 

 

 

 

20,981

 

 

 

 

77,178

 

 

 

 

56,681

 

Compensation and benefits

 

 

17,062

 

 

 

 

13,388

 

 

 

 

46,761

 

 

 

 

36,522

 

Professional fees

 

 

1,442

 

 

 

 

1,936

 

 

 

 

3,906

 

 

 

 

5,750

 

General and administrative

 

 

2,964

 

 

 

 

2,590

 

 

 

 

9,099

 

 

 

 

7,303

 

Total gross expenses

 

 

49,768

 

 

 

 

38,895

 

 

 

 

136,944

 

 

 

 

106,256

 

Allocated expenses to Trinity Capital Adviser LLC

 

 

(1,977

)

 

 

 

(955

)

 

 

 

(4,006

)

 

 

 

(1,871

)

Total net expenses

 

 

47,791

 

 

 

 

37,940

 

 

 

 

132,938

 

 

 

 

104,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INVESTMENT INCOME/(LOSS) BEFORE TAXES

 

 

50,597

 

 

 

 

37,610

 

 

 

 

142,748

 

 

 

 

106,032

 

Excise tax expense

 

 

730

 

 

 

 

644

 

 

 

 

2,404

 

 

 

 

1,881

 

NET INVESTMENT INCOME

 

 

49,867

 

 

 

 

36,966

 

 

 

 

140,344

 

 

 

 

104,151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:

 

 

 

 

 

 

 

 

 

 

 

Affiliate investments

 

 

(4,777

)

 

 

 

(19,039

)

 

 

 

(7,848

)

 

 

 

(19,039

)

Non-Control / Non-Affiliate investments

 

 

(2,695

)

 

 

 

(986

)

 

 

 

(10,328

)

 

 

 

(11,402

)

Net realized gain/(loss) from investments

 

 

(7,472

)

 

 

 

(20,025

)

 

 

 

(18,176

)

 

 

 

(30,441

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:

 

 

 

 

 

 

 

 

 

 

 

Control investments

 

 

(2,466

)

 

 

 

(411

)

 

 

 

(10,518

)

 

 

 

7,503

 

Affiliate investments

 

 

7,221

 

 

 

 

308

 

 

 

 

(5,582

)

 

 

 

(2,153

)

Non-Control / Non-Affiliate investments

 

 

(226

)

 

 

 

10,807

 

 

 

 

15,093

 

 

 

 

17,084

 

Net change in unrealized appreciation/(depreciation) from investments

 

 

4,529

 

 

 

 

10,704

 

 

 

 

(1,007

)

 

 

 

22,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

$

 

46,924

 

 

$

 

27,645

 

 

$

 

121,161

 

 

$

 

96,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INVESTMENT INCOME PER SHARE - BASIC

$

 

0.52

 

 

$

 

0.52

 

 

$

 

1.56

 

 

$

 

1.56

 

NET INVESTMENT INCOME PER SHARE - DILUTED

$

 

0.52

 

 

$

 

0.52

 

 

$

 

1.56

 

 

$

 

1.56

 

 

 

 

 

 

 

 

 

 

 

 

NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC

$

 

0.49

 

 

$

 

0.39

 

 

$

 

1.35

 

 

$

 

1.44

 

NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED

$

 

0.49

 

 

$

 

0.39

 

 

$

 

1.35

 

 

$

 

1.44

 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC

 

 

95,111,706

 

 

 

 

71,467,831

 

 

 

 

89,781,819

 

 

 

 

66,677,623

 

WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED

 

 

95,111,706

 

 

 

 

71,467,831

 

 

 

 

89,781,819

 

 

 

 

66,677,623

 

See accompanying notes to unaudited consolidated financial statements.

4

Table of Contents

 

TRINITY CAPITAL INC.

Consolidated Statements of Changes in Net Assets

(In thousands, except share and per share data)

(Unaudited)

 

Three Months Ended September 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

Distributable

 

 

 

 

 

 

 

 

 

 

 

 

Paid In Capital

 

 

Earnings /

 

 

 

 

 

 

Common Stock

 

 

in Excess of

 

 

(Accumulated

 

 

Total

 

 

 

Shares

 

 

Par Value

 

 

Par Value

 

 

Deficit)

 

 

Net Assets

 

Balance as of June 30, 2026

 

 

94,023,371

 

 

$

94

 

 

$

1,287,771

 

 

$

(21,016

)

 

$

1,266,849

 

Issuance of common stock pursuant to distribution reinvestment plan

 

 

24,958

 

 

 

—

 

 

 

446

 

 

 

—

 

 

 

446

 

Stock-based compensation

 

 

—

 

 

 

—

 

 

 

3,443

 

 

 

—

 

 

 

3,443

 

Issuance of restricted stock awards

 

 

123,381

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Issuance of common stock, net of issuance costs

 

 

3,280,462

 

 

 

3

 

 

 

57,769

 

 

 

—

 

 

 

57,772

 

Retired and forfeited shares of restricted stock

 

 

(71,871

)

 

 

—

 

 

 

(1,232

)

 

 

—

 

 

 

(1,232

)

Distributions to stockholders

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(48,452

)

 

 

(48,452

)

Net increase/(decrease) in net assets resulting from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

46,924

 

 

 

46,924

 

Balance as of September 30, 2026

 

 

97,380,301

 

 

$

97

 

 

$

1,348,197

 

 

$

(22,544

)

 

$

1,325,750

 

 

Three Months Ended September 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

Distributable

 

 

 

 

 

 

 

 

 

 

 

 

Paid In Capital

 

 

Earnings /

 

 

 

 

 

 

Common Stock

 

 

in Excess of

 

 

(Accumulated

 

 

Total

 

 

Shares

 

 

Par Value

 

 

Par Value

 

 

Deficit)

 

 

Net Assets

 

Balance as of June 30, 2025

 

 

69,574,146

 

 

$

70

 

 

$

929,767

 

 

$

(6,269

)

 

$

923,568

 

Issuance of common stock pursuant to distribution reinvestment plan

 

 

22,729

 

 

 

—

 

 

 

330

 

 

 

—

 

 

 

330

 

Stock-based compensation

 

 

—

 

 

 

—

 

 

 

3,073

 

 

 

—

 

 

 

3,073

 

Issuance of restricted stock awards

 

 

151,366

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Issuance of common stock, net of issuance costs

 

 

5,318,978

 

 

 

5

 

 

 

82,946

 

 

 

—

 

 

 

82,951

 

Retired and forfeited shares of restricted stock

 

 

(78,257

)

 

 

—

 

 

 

(1,059

)

 

 

—

 

 

 

(1,059

)

Distributions to stockholders

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(38,244

)

 

 

(38,244

)

Net increase/(decrease) in net assets resulting from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

27,645

 

 

 

27,645

 

Balance as of September 30, 2025

 

 

74,988,962

 

 

$

75

 

 

$

1,015,057

 

 

$

(16,868

)

 

$

998,264

 

 

5

Table of Contents

 

Nine Months Ended September 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

Distributable

 

 

 

 

 

 

 

 

 

 

 

 

Paid In Capital

 

 

Earnings /

 

 

 

 

 

 

Common Stock

 

 

in Excess of

 

 

(Accumulated

 

 

Total

 

 

 

Shares

 

 

Par Value

 

 

Par Value

 

 

Deficit)

 

 

Net Assets

 

Balance as of December 31, 2025

 

 

81,518,294

 

 

$

82

 

 

$

1,100,343

 

 

$

(6,426

)

 

$

1,093,999

 

Issuance of common stock pursuant to distribution reinvestment plan

 

 

97,709

 

 

 

—

 

 

 

1,630

 

 

 

—

 

 

 

1,630

 

Stock-based compensation

 

 

—

 

 

 

—

 

 

 

10,038

 

 

 

—

 

 

 

10,038

 

Issuance of restricted stock awards

 

 

1,056,624

 

 

 

1

 

 

 

(1

)

 

 

—

 

 

 

—

 

Issuance of common stock, net of issuance costs

 

 

14,961,630

 

 

 

14

 

 

 

240,005

 

 

 

—

 

 

 

240,019

 

Retired and forfeited shares of restricted stock

 

 

(253,956

)

 

 

—

 

 

 

(3,818

)

 

 

—

 

 

 

(3,818

)

Distributions to stockholders

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(137,279

)

 

 

(137,279

)

Net increase/(decrease) in net assets resulting from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

121,161

 

 

 

121,161

 

Balance as of September 30, 2026

 

 

97,380,301

 

 

$

97

 

 

$

1,348,197

 

 

$

(22,544

)

 

$

1,325,750

 

 

 

Nine Months Ended September 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

Distributable

 

 

 

 

 

 

 

 

 

 

 

 

Paid In Capital

 

 

Earnings /

 

 

 

 

 

Common Stock

 

 

in Excess of

 

 

(Accumulated

 

 

Total

 

 

Shares

 

 

Par Value

 

 

Par Value

 

 

Deficit)

 

 

Net Assets

 

Balance as of December 31, 2024

 

 

61,669,059

 

 

$

62

 

 

$

829,626

 

 

$

(6,706

)

 

$

822,982

 

Issuance of common stock pursuant to distribution reinvestment plan

 

 

64,150

 

 

 

—

 

 

 

930

 

 

 

—

 

 

 

930

 

Stock-based compensation

 

 

—

 

 

 

—

 

 

 

8,876

 

 

 

—

 

 

 

8,876

 

Issuance of restricted stock awards

 

 

485,094

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Issuance of common stock, net of issuance costs

 

 

13,013,562

 

 

 

13

 

 

 

194,919

 

 

 

—

 

 

 

194,932

 

Retired and forfeited shares of restricted stock

 

 

(242,903

)

 

 

—

 

 

 

(3,522

)

 

 

—

 

 

 

(3,522

)

Additional paid-in capital in connection with Convertible Notes Redemption

 

 

—

 

 

 

—

 

 

 

(15,772

)

 

 

—

 

 

 

(15,772

)

Distributions to stockholders

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(106,306

)

 

 

(106,306

)

Net increase/(decrease) in net assets resulting from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

96,144

 

 

 

96,144

 

Balance as of September 30, 2025

 

 

74,988,962

 

 

$

75

 

 

$

1,015,057

 

 

$

(16,868

)

 

$

998,264

 

 

See accompanying notes to unaudited consolidated financial statements.

6

Table of Contents

 

TRINITY CAPITAL INC.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2026

 

 

September 30, 2025

 

Cash flows provided by/(used in) operating activities:

 

 

 

 

Net increase/(decrease) in net assets resulting from operations

 

$

121,161

 

 

$

96,144

 

Adjustments to reconcile net increase/(decrease) in net assets resulting from operation to net cash provided by/(used in) operating activities:

 

 

 

 

Purchase of investments, net of deferred fees(1)

 

 

(1,210,971

)

 

 

(1,046,394

)

Proceeds from sales and paydowns of investments(1)

 

 

799,984

 

 

 

607,846

 

Net change in unrealized (appreciation)/depreciation from investments

 

 

1,007

 

 

 

(22,434

)

Net realized (gain)/loss from investments

 

 

18,176

 

 

 

30,441

 

Accretion of original issue discounts and end of term payments on investments

 

 

(45,104

)

 

 

(36,431

)

Amortization of deferred financing costs

 

 

1,769

 

 

 

3,653

 

Stock-based compensation

 

 

10,038

 

 

 

8,876

 

Change in operating assets and liabilities

 

 

 

 

 

 

(Increase)/Decrease in interest receivable

 

 

(1,696

)

 

 

(2,922

)

(Increase)/Decrease in other assets

 

 

(2,268

)

 

 

(2,926

)

Increase/(Decrease) in security deposits

 

 

(837

)

 

 

(4,059

)

Increase/(Decrease) in accounts payable, accrued expenses and other liabilities

 

 

(1,962

)

 

 

(2,290

)

Net cash provided by/(used in) operating activities

 

 

(310,703

)

 

 

(370,496

)

 

 

 

 

 

Cash flows provided by/(used in) investing activities:

 

 

 

 

 

 

Disposal/(Acquisition) of fixed assets

 

 

(514

)

 

 

(357

)

Net cash provided by/(used in) investing activities

 

 

(514

)

 

 

(357

)

 

 

 

 

Cash flows provided by/(used in) financing activities

 

 

 

 

Issuance of common stock, net of issuance costs

 

 

235,536

 

 

 

194,932

 

Retirement of employee shares

 

 

(3,818

)

 

 

(3,522

)

Cash distributions paid

 

 

(177,223

)

 

 

(98,582

)

Repayment of Secured Notes

 

 

(25,100

)

 

 

—

 

Issuance of Unsecured Notes, net of issuance costs

 

 

296,576

 

 

 

127,021

 

Repayment of Unsecured Notes

 

 

(125,000

)

 

 

(217,756

)

Borrowings under Credit Facility

 

 

1,611,800

 

 

 

1,164,200

 

Repayments under Credit Facility

 

 

(1,500,000

)

 

 

(795,600

)

Net cash provided by/(used in) financing activities

 

 

312,771

 

 

 

370,693

 

 

 

 

 

Net increase/(decrease) in cash, cash equivalents and restricted cash

 

 

1,554

 

 

 

(160

)

Cash, cash equivalents and restricted cash at beginning of period

 

 

19,110

 

 

 

9,627

 

Cash, cash equivalents and restricted cash at end of period

 

$

20,664

 

 

$

9,467

 
(1)
Excludes co-investments of $106.4 million for the nine months ended September 30, 2026 funded by the Company on behalf of or directly funded by affiliate funds. Refer to “Note 12 – Related Party Transactions” for additional information.

 

7

Table of Contents

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2026

 

 

September 30, 2025

 

Supplemental and non-cash investing and financing activities:

 

 

 

 

 

 

Cash paid for interest

 

$

66,206

 

 

$

48,394

 

Income tax, including excise tax, paid

 

 

2,877

 

 

 

2,722

 

Non-cash purchase of investments through issuance of common stock

 

 

4,483

 

 

 

—

 

Distribution payable

 

 

—

 

 

 

38,244

 

Distributions reinvested

 

 

1,630

 

 

 

930

 

 

See accompanying notes to unaudited consolidated financial statements.

8

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Artificial Intelligence ("AI"), Automation, & Robotics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Augmented Reality Concepts, Inc.

 

Secured Loan

 

June 17, 2024

 

June 18, 2029

 

Variable interest rate SOFR 3 Month Term + 7.3%; EOT 0.0%

 

$

9,587

 

 

$

9,476

 

 

$

9,533

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D-Wave Quantum Inc.

 

Equipment Financing

 

August 1, 2025

 

September 1, 2028

 

Fixed interest rate 10.8%; EOT 4.0%

 

$

128

 

 

$

131

 

 

$

131

 

 

 (9)(10)(13)

 

Equipment Financing

 

September 2, 2026

 

October 1, 2029

 

Fixed interest rate 10.9%; EOT 4.0%

 

 

4,528

 

 

 

4,402

 

 

 

4,402

 

 

 (9)(10)(13)

Total D-Wave Quantum Inc.

 

 

 

 

 

 

 

 

 

 

4,656

 

 

 

4,533

 

 

 

4,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

iGrafx, LLC

 

Secured Loan

 

November 12, 2025

 

November 12, 2028

 

Variable interest rate SOFR 1 Month Term + 5.8%; EOT 0.0%

 

$

22,331

 

 

$

22,093

 

 

$

22,375

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K2View Inc.

 

Secured Loan

 

May 30, 2025

 

June 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 2.5%

 

$

15,000

 

 

$

14,921

 

 

$

15,102

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Path Robotics, Inc.

 

Secured Loan

 

April 28, 2026

 

May 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%

 

$

14,652

 

 

$

14,066

 

 

$

14,169

 

 

 (8)(9)(13)

 

Secured Loan

 

July 10, 2026

 

May 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%

 

 

4,464

 

 

4,280

 

 

 

4,280

 

 

 (8)(9)(13)

 

Secured Loan

 

August 14, 2026

 

May 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%

 

 

2,016

 

 

1,925

 

 

 

1,925

 

 

 (8)(9)(13)

 

Secured Loan

 

September 4, 2026

 

May 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 2.8%

 

 

2,808

 

 

2,680

 

 

 

2,680

 

 

 (8)(9)(13)

Total Path Robotics, Inc.

 

 

 

 

 

 

 

 

 

 

23,940

 

 

 

22,951

 

 

 

23,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sortera Technologies, Inc.

 

Equipment Financing

 

February 11, 2025

 

March 1, 2028

 

Fixed interest rate 12.5%; EOT 4.0%

 

$

2,852

 

 

$

2,947

 

 

$

2,968

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Swimlane, Inc.

 

Secured Loan

 

May 28, 2025

 

June 1, 2030

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.3%

 

$

11,400

 

 

$

11,326

 

 

$

11,068

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tquila Automation, Inc

 

Secured Loan

 

July 2, 2025

 

August 1, 2030

 

Variable interest rate Prime + 5.0% or Floor rate 12.3%; EOT 3.0%

 

$

6,600

 

 

$

6,594

 

 

$

6,534

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uniphore Technologies Inc.

 

Secured Loan

 

September 30, 2025

 

October 1, 2030

 

Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%

 

$

36,000

 

 

$

35,528

 

 

$

35,403

 

 

 (8)(9)(13)

 

Secured Loan

 

October 2, 2025

 

October 1, 2030

 

Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 3.0%

 

 

13,500

 

 

 

13,351

 

 

 

13,286

 

 

 (8)(9)(13)

Total Uniphore Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

49,500

 

 

 

48,879

 

 

 

48,689

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: AI, Automation, & Robotics (10.9%)*

 

 

 

 

 

$

145,866

 

 

$

143,720

 

 

$

143,856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AI Infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boost Run

 

Equipment Financing

 

September 29, 2026

 

August 1, 2029

 

Fixed interest rate 8.7%; EOT 0.0%

 

$

69,662

 

 

$

67,424

 

 

$

67,423

 

 

 (9)(10)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cirrascale Cloud Services, LLC

 

Equipment Financing

 

October 22, 2024

 

April 1, 2027

 

Fixed interest rate 10.2%; EOT 5.0%

 

$

848

 

 

$

1,778

 

 

$

1,749

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QumulusAI, Inc

 

Equipment Financing

 

August 13, 2026

 

September 1, 2029

 

Fixed interest rate 8.2%; EOT 9.5%

 

$

35,360

 

 

$

35,479

 

 

$

35,479

 

 

 (9)(13)

 

Equipment Financing

 

August 19, 2026

 

September 1, 2029

 

Fixed interest rate 8.3%; EOT 9.5%

 

 

10,240

 

 

 

10,265

 

 

$

10,265

 

 

 (9)(13)

Total QumulusAI, Inc.

 

 

 

 

 

 

 

 

 

 

45,600

 

 

 

45,744

 

 

 

45,744

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Together Computer, Inc.

 

Equipment Financing

 

June 29, 2026

 

July 1, 2029

 

Fixed interest rate 11.0%; EOT 4.5%

 

$

41,731

 

 

$

41,871

 

 

$

41,898

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trin H OpCo I LLC

 

Equipment Financing

 

April 29, 2026

 

March 1, 2029

 

Fixed interest rate 14.9%; EOT 0.0%

 

$

22,224

 

 

$

22,008

 

 

$

22,213

 

 

 (21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: AI Automation & Infrastructure (13.5%)*

 

 

 

 

 

$

180,065

 

 

$

178,825

 

 

$

179,027

 

 

 

 

9

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Biotechnology

 

 

 

 

 

 

 

 

 

 

 

Candel Therapeutics, Inc.

 

Secured Loan

 

October 14, 2025

 

October 1, 2030

 

Variable interest rate Prime + 3.0% or Floor rate 9.8%; EOT 4.3%

 

$

43,500

 

 

$

42,702

 

 

$

42,883

 

 

 (8)(9)(10)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taysha Gene Therapies, Inc.

 

Secured Loan

 

August 7, 2025

 

September 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 5.0%

 

$

43,000

 

 

$

43,460

 

 

$

44,049

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Biotechnology (6.6%)*

 

 

 

 

 

 

 

 

 

$

86,500

 

 

$

86,162

 

 

$

86,932

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Connectivity

 

 

 

 

 

 

 

 

 

 

 

AST & Science, LLC

 

Equipment Financing

 

June 27, 2025

 

October 1, 2029

 

Fixed interest rate 16.1%; EOT 9.0%

 

$

9,752

 

 

$

10,466

 

 

$

10,990

 

 

 (9)(10)(13)

 

Equipment Financing

 

June 30, 2025

 

October 1, 2029

 

Fixed interest rate 16.1%; EOT 9.0%

 

 

1,587

 

 

 

1,703

 

 

 

1,788

 

 

 (9)(10)(13)

 

Equipment Financing

 

September 26, 2025

 

December 1, 2029

 

Fixed interest rate 15.9%; EOT 9.0%

 

 

3,595

 

 

 

3,811

 

 

 

4,010

 

 

 (9)(10)(13)

 

Equipment Financing

 

December 23, 2025

 

March 1, 2030

 

Fixed interest rate 15.8%; EOT 9.0%

 

 

10,208

 

 

 

10,703

 

 

 

11,214

 

 

 (9)(10)(13)

Total AST & Science, LLC

 

 

 

 

 

 

 

 

 

 

25,142

 

 

 

26,683

 

 

 

28,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vertical Communications, Inc.

 

Secured Loan

 

August 23, 2021

 

December 1, 2027

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 23.8%

 

$

12,600

 

 

$

15,767

 

 

$

12,987

 

 

 (8)(21)

 

Secured Loan

 

July 16, 2025

 

December 1, 2026

 

Fixed interest rate 11.5%; EOT 0.0%

 

 

1,000

 

 

 

1,000

 

 

 

824

 

 

 (21)

 

Secured Loan

 

September 9, 2025

 

December 1, 2026

 

Fixed interest rate 11.5%; EOT 0.0%

 

 

500

 

 

 

500

 

 

 

412

 

 

 (21)

Total Vertical Communications, Inc.

 

 

 

 

 

 

 

 

 

 

14,100

 

 

 

17,267

 

 

 

14,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Connectivity (3.2%)*

 

 

 

 

 

 

 

 

 

$

39,242

 

 

$

43,950

 

 

$

42,225

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products & Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bobbie Baby, Inc.

 

Equipment Financing

 

September 12, 2025

 

October 1, 2028

 

Fixed interest rate 11.6%; EOT 3.0%

 

$

3,789

 

 

$

3,827

 

 

$

3,880

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clutch, Inc.

 

Secured Loan

 

June 30, 2026

 

June 30, 2031

 

Variable interest rate SOFR 3 Month Term + 6.2%; EOT 0.0%

 

$

21,000

 

 

$

20,801

 

 

$

21,210

 

 

 (8)(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ogee, Inc.

 

Secured Loan

 

February 14, 2023

 

March 1, 2027

 

Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%

 

$

4,700

 

 

$

4,863

 

 

$

4,771

 

 

 (8)(9)(13)

 

Secured Loan

 

September 29, 2023

 

March 1, 2027

 

Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%

 

 

4,700

 

 

 

4,860

 

 

 

4,771

 

 

 (8)(9)(13)

 

Secured Loan

 

August 1, 2024

 

March 1, 2027

 

Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%

 

 

4,700

 

 

 

4,848

 

 

 

4,771

 

 

 (8)(9)(13)

 

Secured Loan

 

July 18, 2025

 

March 1, 2027

 

Variable interest rate Prime + 5.8% or Floor rate 12.0%; EOT 3.8%

 

 

4,700

 

 

 

4,719

 

 

 

4,771

 

 

 (8)(9)(13)

Total Ogee, Inc.

 

 

 

 

 

 

 

 

 

 

18,800

 

 

 

19,290

 

 

 

19,084

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quip NYC, Inc.

 

Secured Loan

 

September 30, 2025

 

September 1, 2028

 

Variable interest rate Prime + 9.0% or Floor rate 12.3%; EOT 0.0%

 

$

2,437

 

 

$

2,436

 

 

$

2,431

 

 

 (8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rinse, Inc.

 

Secured Loan

 

May 14, 2026

 

June 1, 2031

 

Variable interest rate Prime + 6.5% or Floor rate 11.3%; EOT 3.8%

 

$

8,043

 

 

$

8,209

 

 

$

7,947

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Consumer Products & Services (4.1%)*

 

 

 

 

 

 

 

 

 

$

54,069

 

 

$

54,563

 

 

$

54,552

 

 

 

 

 

10

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diagnostics & Tools

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Artera Inc.

 

Secured Loan

 

March 13, 2026

 

February 1, 2031

 

Variable interest rate Prime + 4.0% or Floor rate 10.0%; EOT 4.5%

 

$

6,600

 

 

$

6,564

 

 

$

6,606

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rapid Micro Biosystems, Inc.

 

Secured Loan

 

August 8, 2025

 

September 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%

 

$

14,200

 

 

$

13,998

 

 

$

12,729

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Diagnostics & Tools (1.5%)*

 

 

 

 

 

 

 

 

 

$

20,800

 

 

$

20,562

 

 

$

19,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital Assets Technology and Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inca Digital, Inc.

 

Secured Loan

 

December 2, 2025

 

December 2, 2026

 

Fixed interest rate 12.5%; EOT 0.0%

 

$

6,000

 

 

$

5,985

 

 

$

6,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Digital Assets Technology and Services (0.5%)*

 

 

 

 

 

 

 

 

 

$

6,000

 

 

$

5,985

 

 

$

6,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Education Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yellowbrick Learning, Inc.

 

Secured Loan

 

February 1, 2021

 

September 1, 2027

 

Fixed interest rate 2.0%; EOT 5.0%

 

$

7,500

 

 

$

7,858

 

 

$

7,166

 

 

 

Secured Loan

 

August 10, 2021

 

September 1, 2027

 

Fixed interest rate 2.0%; EOT 5.0%

 

 

2,500

 

 

 

2,619

 

 

 

2,389

 

 

Total Yellowbrick Learning, Inc.

 

 

 

 

 

 

 

 

 

 

10,000

 

 

 

10,477

 

 

 

9,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Education Technology (0.7%)*

 

 

 

 

 

 

 

 

 

$

10,000

 

 

$

10,477

 

 

$

9,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alt Lending SPV II, LLC

 

Secured Loan

 

July 8, 2025

 

July 8, 2028

 

Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.0%; EOT 0.0%

 

$

42,810

 

 

$

42,401

 

 

$

42,401

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cherry Technologies, Inc.

 

Secured Loan

 

March 29, 2024

 

August 1, 2031

 

Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%

 

$

7,235

 

 

$

7,511

 

 

$

7,355

 

 

 (8)(9)(10)(13)

 

Secured Loan

 

July 31, 2024

 

August 1, 2031

 

Variable interest rate Prime + 2.5% or Floor rate 9.5%; EOT 2.0%

 

 

7,235

 

 

 

7,514

 

 

 

7,342

 

 

 (8)(9)(10)(13)

 

Secured Loan

 

July 10, 2026

 

August 1, 2031

 

Variable interest rate Prime + 3.0% or Floor rate 10.0%; EOT 2.0%

 

 

7,235

 

 

 

7,242

 

 

 

7,242

 

 

 (8)(9)(10)(13)

Total Cherry Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

21,705

 

 

 

22,267

 

 

 

21,939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K-Dimensional Holdings Inc (dba CoastPay)

 

Secured Loan

 

July 28, 2026

 

January 28, 2031

 

Variable interest rate SOFR 1 Month Term + 9.0% or Floor rate 11.5%; EOT 0.0%

 

$

16,250

 

 

$

16,093

 

 

$

16,093

 

 

 (8)(10)(12)(19)

 

 

 

11

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dwight Capital LLC

 

Secured Loan

 

September 1, 2026

 

September 5, 2028

 

Variable interest rate SOFR 1 Month Term + 8.5% or Floor rate 10.5%; EOT 0.0%

 

$

13,500

 

 

$

13,356

 

 

$

13,356

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

inKind Cards, Inc.

 

Secured Loan

 

July 7, 2026

 

July 7, 2029

 

Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.3%; EOT 0.0%

 

$

8,521

 

 

$

8,330

 

 

$

8,330

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kafene, Inc.

 

Secured Loan

 

January 5, 2024

 

February 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 13.0%; EOT 1.0%

 

$

12,500

 

 

$

12,626

 

 

$

12,725

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kard Financial, Inc.

 

Secured Loan

 

September 10, 2025

 

October 1, 2030

 

Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%

 

$

4,270

 

 

$

4,209

 

 

$

4,301

 

 

 (8)(9)(13)

 

Secured Loan

 

May 28, 2026

 

October 1, 2030

 

Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.9%

 

 

1,220

 

 

1,161

 

 

 

1,165

 

 

 (8)(9)(13)

Total Kard Financial, Inc.

 

 

 

 

 

 

 

 

 

 

5,490

 

 

 

5,370

 

 

 

5,466

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lendflow, Inc.

 

Secured Loan

 

April 24, 2025

 

May 1, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%

 

$

2,040

 

 

$

2,036

 

 

$

2,068

 

 

 (8)(9)(13)

 

Secured Loan

 

December 15, 2025

 

May 1, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 2.7%

 

 

1,020

 

 

1,012

 

 

 

1,014

 

 

 (8)(9)(13)

Total Lendflow, Inc.

 

 

 

 

 

 

 

 

 

 

3,060

 

 

 

3,048

 

 

 

3,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maior AI, Inc.

 

Secured Loan

 

August 27, 2026

 

February 27, 2029

 

Variable interest rate SOFR 1 Month Term + 10.0% or Floor rate 12.0%; EOT 0.0%

 

$

2,181

 

 

$

2,089

 

 

$

2,089

 

 

 (8)(10)(12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mesa Financial, Inc.

 

Secured Loan

 

August 29, 2024

 

April 29, 2027

 

Variable interest rate SOFR 1 Month Term + 10.3% or Floor rate 12.3%; EOT 0.0%

 

$

17,357

 

 

$

17,336

 

 

$

17,336

 

 

 (8)(10)(12)(19)

 

Secured Loan

 

September 9, 2026

 

March 1, 2029

 

Variable interest rate SOFR 1 Month Term + 7.5% or Floor rate 10.5%; EOT 0.0%

 

 

5,000

 

 

4,714

 

 

 

4,714

 

 

 (8)(10)(12)

Total Mesa Financial, Inc.

 

 

 

 

 

 

 

 

 

 

22,357

 

 

 

22,050

 

 

 

22,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Parafin, Inc.

 

Secured Loan

 

March 17, 2026

 

March 13, 2029

 

Variable interest rate SOFR 1 Month Term + 7.3% or Floor rate 9.3%; EOT 0.0%

 

$

19,609

 

 

$

19,609

 

 

$

19,609

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PatientFi, Inc.

 

Secured Loan

 

March 14, 2025

 

April 1, 2030

 

Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%

 

$

5,700

 

 

$

5,676

 

 

$

5,601

 

 

 (8)(9)(13)

 

Secured Loan

 

December 16, 2025

 

April 1, 2030

 

Variable interest rate Prime + 3.5% or Floor rate 10.5%; EOT 2.5%

 

 

5,700

 

 

5,618

 

 

 

5,507

 

 

 (8)(9)(13)

Total PatientFi, Inc.

 

 

 

 

 

 

 

 

 

 

11,400

 

 

 

11,294

 

 

 

11,108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Slope Tech, Inc.

 

Secured Loan

 

October 5, 2022

 

February 27, 2028

 

Variable interest rate SOFR 1 Month Term + 10.8% or Floor rate 11.8%; EOT 0.0%

 

$

1,399

 

 

$

1,388

 

 

$

1,388

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thrivory, Inc.

 

Secured Loan

 

September 9, 2025

 

October 1, 2027

 

Variable interest rate SOFR 1 Month Term + 10.5% or Floor rate 12.5%; EOT 0.0%

 

$

5,787

 

 

$

5,757

 

 

$

5,757

 

 

 (8)(10)(12)(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tilt Finance, Inc. (dba Empower Financial, Inc.)

 

Secured Loan

 

June 25, 2026

 

May 1, 2028

 

Variable interest rate Prime + 4.8% or Floor rate 11.5%; EOT 3.8%

 

$

57,370

 

 

$

58,920

 

 

$

58,482

 

 

 (8)(9)(13)

 

12

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wisetack, Inc.

 

Secured Loan

 

November 14, 2024

 

December 1, 2029

 

Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%

 

$

12,150

 

 

$

12,192

 

 

$

12,366

 

 

 (8)(9)(13)

 

Secured Loan

 

December 9, 2025

 

September 22, 2027

 

Fixed interest rate 6.0%; EOT 0.0%

 

 

405

 

 

405

 

 

 

425

 

 

 (9)(15)

 

Secured Loan

 

September 11, 2026

 

October 1, 2031

 

Variable interest rate Prime + 5.0% or Floor rate 12.5%; EOT 2.5%

 

 

4,050

 

 

3,933

 

 

 

3,933

 

 

 (8)(9)(13)

Total Wisetack, Inc.

 

 

 

 

 

 

 

 

 

16,605

 

 

 

16,530

 

 

 

16,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial technology (19.7%)*

 

 

 

 

 

 

 

 

$

260,544

 

 

$

261,128

 

 

$

260,599

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Centivo Corporation

 

Secured Loan

 

July 31, 2024

 

August 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%

 

$

3,832

 

 

$

3,829

 

 

$

3,830

 

 

 (8)(9)(13)(14)

 

Secured Loan

 

December 20, 2024

 

August 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%

 

 

3,817

 

 

 

3,751

 

 

 

3,721

 

 

 (8)(9)(13)(14)

 

Secured Loan

 

February 3, 2025

 

August 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%

 

 

3,813

 

 

 

3,753

 

 

 

3,728

 

 

 (8)(9)(13)(14)

 

Secured Loan

 

May 20, 2025

 

August 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%

 

 

7,603

 

 

 

7,477

 

 

 

7,428

 

 

 (8)(9)(13)(14)

 

Secured Loan

 

June 13, 2025

 

August 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.0% or Floor rate 12.3% ; EOT 2.0%

 

 

3,799

 

 

 

3,733

 

 

 

3,709

 

 

 (8)(9)(13)(14)

Total Centivo Corporation

 

 

 

 

 

 

 

 

 

 

22,864

 

 

 

22,543

 

 

 

22,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inshur, Inc.

 

Secured Loan

 

June 10, 2025

 

July 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 2.5%

 

$

25,000

 

 

$

24,861

 

 

$

24,142

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

One Million Metrics (dba Kinetic)

 

Secured Loan

 

August 25, 2025

 

September 1, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%

 

$

6,450

 

 

$

6,369

 

 

$

6,581

 

 

 (8)(9)(13)

 

Secured Loan

 

July 17, 2026

 

September 1, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 12.0%; EOT 3.0%

 

 

2,150

 

 

 

2,099

 

 

 

2,099

 

 

 (8)(9)(13)

Total One Million Metrics (dba Kinetic)

 

 

 

 

 

 

 

 

 

 

8,600

 

 

 

8,468

 

 

 

8,680

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Insurance Technology (4.2%)*

 

 

 

 

 

 

 

 

$

56,464

 

 

$

55,872

 

 

$

55,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy & Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Commonwealth Fusion Systems, LLC

 

Equipment Financing

 

June 16, 2023

 

July 1, 2030

 

Fixed interest rate 13.0%; EOT 10.0%

 

$

2,605

 

 

$

2,866

 

 

$

2,903

 

 

 (9)(13)

 

Equipment Financing

 

June 27, 2024

 

July 1, 2030

 

Fixed interest rate 13.2%; EOT 10.0%

 

 

7,544

 

 

 

8,101

 

 

 

8,215

 

 

 (9)(13)

 

Equipment Financing

 

January 14, 2025

 

July 1, 2029

 

Fixed interest rate 11.2%; EOT 6.0%

 

 

8,121

 

 

 

8,574

 

 

 

8,607

 

 

 (9)(13)

 

Equipment Financing

 

December 24, 2025

 

December 1, 2030

 

Fixed interest rate 11.4%; EOT 6.0%

 

 

50,204

 

 

 

50,980

 

 

 

50,872

 

 

 (9)(13)

Total Commonwealth Fusion Systems, LLC

 

 

 

 

 

 

 

 

68,474

 

 

 

70,521

 

 

 

70,597

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric Hydrogen Co.

 

Equipment Financing

 

December 22, 2023

 

January 1, 2029

 

Fixed interest rate 12.5%; EOT 15.0%

 

$

2,434

 

 

$

2,970

 

 

$

2,888

 

 

 (9)(13)

 

Equipment Financing

 

June 27, 2024

 

January 1, 2029

 

Fixed interest rate 12.6%; EOT 15.0%

 

 

1,997

 

 

 

2,374

 

 

 

2,323

 

 

 (9)(13)

 

Equipment Financing

 

September 19, 2024

 

October 1, 2028

 

Fixed interest rate 107.6%; EOT 15.0%

 

 

95

 

 

 

402

 

 

 

330

 

 

 (9)(13)

 

Equipment Financing

 

November 14, 2024

 

December 1, 2028

 

Fixed interest rate 11.9%; EOT 15.0%

 

 

285

 

 

 

334

 

 

 

325

 

 

 (9)(13)

 

Equipment Financing

 

March 31, 2026

 

April 1, 2030

 

Fixed interest rate 12.2%; EOT 10.0%

 

 

269

 

 

 

275

 

 

 

271

 

 

 (9)(13)

 

Secured Loan

 

April 30, 2026

 

April 30, 2027

 

Fixed interest rate 8.0%; EOT 0.0%

 

 

23

 

 

 

23

 

 

 

24

 

 

 (9)(15)

Total Electric Hydrogen Co.

 

 

 

 

 

 

 

 

 

 

5,103

 

 

 

6,378

 

 

 

6,161

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Energy Inc.

 

Equipment Financing

 

October 21, 2024

 

November 1, 2027

 

Fixed interest rate 12.7%; EOT 3.0%

 

$

13,052

 

 

$

13,788

 

 

$

13,928

 

 

 (9)(13)

 

Equipment Financing

 

December 12, 2024

 

January 1, 2028

 

Fixed interest rate 12.5%; EOT 3.0%

 

 

3,732

 

 

 

3,897

 

 

 

3,938

 

 

 (9)(13)

Total Form Energy Inc.

 

 

 

 

 

 

 

 

16,784

 

 

 

17,685

 

 

 

17,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infravision, Inc.

 

Secured Loan

 

August 31, 2026

 

October 1, 2031

 

Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.5%

 

$

8,400

 

 

$

8,260

 

 

$

8,260

 

 

 (8)(9)(10)

 

 

13

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Luxwall, Inc.

 

Equipment Financing

 

June 4, 2026

 

December 1, 2029

 

Fixed interest rate 10.1%; EOT 3.5%

 

$

4,824

 

 

$

4,815

 

 

$

4,832

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SeaOn Global, LLC

 

Equipment Financing

 

September 10, 2026

 

September 1, 2028

 

Fixed interest rate 10.3%; EOT 5.0%

 

$

6,250

 

 

$

6,237

 

 

$

6,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Torus Inc.

 

Equipment Financing

 

February 17, 2026

 

August 1, 2029

 

Fixed interest rate 11.9%; EOT 5.0%

 

$

5,040

 

 

$

5,120

 

 

$

5,133

 

 

 (9)(13)

 

Equipment Financing

 

May 1, 2026

 

December 1, 2029

 

Fixed interest rate 11.5%; EOT 5.0%

 

 

479

 

 

 

484

 

 

 

485

 

 

 (9)(13)

 

Equipment Financing

 

June 18, 2026

 

January 1, 2030

 

Fixed interest rate 11.9%; EOT 5.0%

 

 

783

 

 

 

787

 

 

 

790

 

 

 (9)(13)

 

Equipment Financing

 

September 25, 2026

 

March 31, 2030

 

Fixed interest rate 12.3%; EOT 5.0%

 

 

717

 

 

 

716

 

 

 

716

 

 

 (9)(13)

Total Torus Inc.

 

 

 

 

 

 

 

 

 

 

7,019

 

 

 

7,107

 

 

 

7,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Energy & Resource Technology (9.1%)*

 

 

 

 

 

 

 

 

 

$

116,854

 

 

$

121,003

 

 

$

121,077

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.Well Connected Health, Inc.

 

Secured Loan

 

April 10, 2025

 

May 1, 2030

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%

 

$

5,700

 

 

$

5,701

 

 

$

5,652

 

 

 (8)(9)(13)

 

Secured Loan

 

October 29, 2025

 

May 1, 2030

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%

 

 

2,280

 

 

 

2,267

 

 

 

2,243

 

 

 (8)(9)(13)

 

Secured Loan

 

May 29, 2026

 

May 1, 2030

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 3.0%

 

 

2,280

 

 

 

2,251

 

 

 

2,205

 

 

 (8)(9)(13)

Total B.Well Connected Health, Inc.

 

 

 

 

 

 

 

 

10,260

 

 

 

10,219

 

 

 

10,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clearwave Parent, Inc.

 

Secured Loan

 

July 24, 2026

 

October 22, 2027

 

Variable interest rate SOFR 1 Month Term + 7.3%; EOT 0.0%

 

$

7,008

 

 

$

6,949

 

 

$

6,949

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lightning Step Technologies, LLC

 

Secured Loan

 

August 6, 2025

 

August 6, 2030

 

Variable interest rate SOFR 3 Month Term + 7.1%; EOT 0.0%

 

$

9,000

 

 

$

8,859

 

 

$

8,791

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paytient Technologies, Inc.

 

Secured Loan

 

May 27, 2025

 

June 1, 2030

 

Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%

 

$

8,125

 

 

$

8,064

 

 

$

7,783

 

 

 (8)(9)(13)

 

Secured Loan

 

October 2, 2025

 

June 1, 2030

 

Variable interest rate Prime + 3.8% or Floor rate 10.8%; EOT 3.0%

 

 

8,125

 

 

 

8,155

 

 

 

7,883

 

 

 (8)(9)(13)

Total Paytient Technologies, Inc.

 

 

 

 

 

 

 

 

16,250

 

 

 

16,219

 

 

 

15,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pearl Health, Inc.

 

Secured Loan

 

June 17, 2026

 

July 1, 2031

 

Variable interest rate Prime + 5.3% or Floor rate 12.0%; EOT 2.0%

 

$

14,500

 

 

$

14,327

 

 

$

14,459

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PurpleLab, Inc.

 

Secured Loan

 

September 24, 2025

 

October 1, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 2.0%

 

$

21,500

 

 

$

21,235

 

 

$

21,125

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WorkWell Prevention & Care Inc.

 

Secured Loan

 

December 31, 2022

 

February 1, 2028

 

Variable interest rate Prime + 5.0% or Floor rate 6.0%; EOT 0.0%

 

$

500

 

 

$

500

 

 

$

500

 

 

 (8)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Healthcare Technology (5.9%)*

 

 

 

 

 

 

 

 

 

$

79,018

 

 

$

78,308

 

 

$

77,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Human Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nomad Health, Inc.

 

Secured Loan

 

June 12, 2024

 

September 30, 2027

 

Fixed interest rate 10.0%; EOT 0.0%

 

$

500

 

 

$

500

 

 

$

—

 

 

 (17)(21)

 

Secured Loan

 

September 30, 2025

 

September 30, 2027

 

Fixed interest rate 7.5%; EOT 0.0%

 

 

11,401

 

 

 

11,401

 

 

 

—

 

 

 (17)(21)

Total Nomad Health, Inc.

 

 

 

 

 

 

 

 

 

 

11,901

 

 

 

11,901

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Human Resource Technology (0.0%)*

 

 

 

 

 

 

 

 

$

11,901

 

 

$

11,901

 

 

$

—

 

 

 

 

 

14

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketing, Media, and Entertainment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Angel Studios, Inc.

 

Secured Loan

 

September 8, 2025

 

October 1, 2030

 

Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%

 

$

34,400

 

 

$

32,016

 

 

$

32,873

 

 

 (8)(9)(13)

 

Secured Loan

 

February 17, 2026

 

October 1, 2030

 

Variable interest rate Prime + 6.0% or Floor rate 13.5%; EOT 2.0%

 

 

12,200

 

 

 

11,998

 

 

 

11,658

 

 

 (8)(9)(13)

Total Angel Studios, Inc.

 

 

 

 

 

 

 

 

 

 

46,600

 

 

 

44,014

 

 

 

44,531

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grabit Interactive Media, Inc.

 

Secured Loan

 

April 8, 2022

 

November 1, 2026

 

Variable interest rate Prime + 7.5% or Floor rate 10.8%; EOT 2.5%

 

$

307

 

 

$

419

 

 

$

421

 

 

 (8)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rarefied Atmosphere, Inc.

 

Secured Loan

 

June 26, 2026

 

June 1, 2031

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 2.0%

 

$

50,800

 

 

$

51,622

 

 

$

51,006

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Marketing, Media, and Entertainment (7.2%)*

 

 

 

$

97,707

 

 

$

96,055

 

 

$

95,958

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Devices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apiject Holdings, Inc.

 

Equipment Financing

 

June 24, 2024

 

July 1, 2028

 

Fixed interest rate 10.9%; EOT 7.5%

 

$

11,423

 

 

$

12,920

 

 

$

11,449

 

 

 (9)(13)

 

Equipment Financing

 

September 30, 2024

 

October 1, 2028

 

Fixed interest rate 11.3%; EOT 7.5%

 

 

4,939

 

 

 

5,531

 

 

 

4,886

 

 

 (9)(13)

Total Apiject Holdings, Inc.

 

 

 

 

 

 

 

 

 

 

16,362

 

 

 

18,451

 

 

 

16,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cagent Vascular, Inc.

 

Secured Loan

 

January 24, 2025

 

February 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%

 

$

3,150

 

 

$

3,159

 

 

$

3,204

 

 

 (8)(9)(13)

 

Secured Loan

 

January 15, 2026

 

February 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.3%; EOT 3.0%

 

 

3,150

 

 

 

3,139

 

 

 

3,143

 

 

 (8)(9)

Total Cagent Vascular, Inc.

 

 

 

 

 

 

 

 

 

 

6,300

 

 

 

6,298

 

 

 

6,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cala Health, Inc.

 

Secured Loan

 

February 24, 2026

 

March 1, 2031

 

Variable interest rate Prime + 1.5% + PIK Fixed Interest Rate 1.5% or Floor rate 10.0%; EOT 4.5%

 

$

19,938

 

 

$

19,787

 

 

$

19,719

 

 

 (8)(9)(14)

 

 

 

 

 

 

15

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elucent Medical, Inc.

 

Secured Loan

 

June 30, 2026

 

June 1, 2031

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.5%

 

$

28,200

 

 

$

27,890

 

 

$

28,122

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emboline, Inc.

 

Secured Loan

 

March 3, 2026

 

April 1, 2031

 

Variable interest rate Prime + 4.0% or Floor rate 10.5%; EOT 4.0%

 

$

9,150

 

 

$

9,088

 

 

$

9,148

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Iantrek, Inc.

 

Secured Loan

 

April 14, 2026

 

April 14, 2031

 

Variable interest rate Prime + 3.5% or Floor rate 10.3%; EOT 4.0%

 

$

4,300

 

 

$

4,203

 

 

$

4,233

 

 

 (8)(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lightforce Orthodontics, Inc.

 

Secured Loan

 

August 6, 2024

 

August 6, 2029

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%

 

$

28,200

 

 

$

28,440

 

 

$

28,005

 

 

 (8)(9)(13)

 

Secured Loan

 

September 25, 2024

 

August 6, 2029

 

Variable interest rate Prime + 4.3% or Floor rate 11.8%; EOT 4.0%

 

 

4,700

 

 

 

4,739

 

 

 

4,667

 

 

 (8)(9)(13)

Total Lightforce Orthodontics, Inc.

 

 

 

 

 

 

 

 

 

 

32,900

 

 

 

33,179

 

 

 

32,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Neurolens, Inc.

 

Secured Loan

 

September 29, 2023

 

October 1, 2028

 

Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%

 

$

20,000

 

 

$

20,274

 

 

$

20,521

 

 

 (8)(13)

 

Secured Loan

 

January 21, 2025

 

October 1, 2028

 

Variable interest rate Prime + 3.5% or Floor rate 11.5%; EOT 3.0%

 

 

15,000

 

 

 

15,119

 

 

 

14,887

 

 

 (8)

Total Neurolens, Inc.

 

 

 

 

 

 

 

 

 

 

35,000

 

 

 

35,393

 

 

 

35,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Neuros Medical, Inc.

 

Secured Loan

 

December 11, 2025

 

January 1, 2031

 

Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 4.0%

 

$

13,816

 

 

$

13,901

 

 

$

13,767

 

 

 (8)(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Okami Medical, Inc.

 

Secured Loan

 

June 24, 2025

 

July 1, 2030

 

Variable interest rate Prime + 3.8% or Floor rate 10.5%; EOT 2.0%

 

$

4,400

 

 

$

4,359

 

 

$

4,388

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q'Apel Medical, Inc.

 

Secured Loan

 

July 2, 2026

 

August 1, 2031

 

Variable interest rate Prime + 4.0% or Floor rate 10.8%; EOT 3.8%

 

$

13,640

 

 

$

13,384

 

 

$

13,384

 

 

 (8)(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Route 92 Medical, Inc.

 

Secured Loan

 

September 29, 2026

 

September 29, 2031

 

Variable interest rate Prime + 0.0% + PIK 3.25% or Floor rate 10.0%; EOT 3.5%

 

$

34,806

 

 

$

34,018

 

 

$

34,018

 

 

 (8)(9)(14)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vital Connect, Inc.

 

Secured Loan

 

July 3, 2024

 

July 3, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%

 

$

27,650

 

 

$

27,985

 

 

$

28,756

 

 

 (8)(9)(13)

 

Secured Loan

 

March 21, 2025

 

July 3, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%

 

 

7,900

 

 

 

7,962

 

 

 

8,216

 

 

 (8)(9)(13)

 

Secured Loan

 

December 17, 2025

 

July 3, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 11.5%; EOT 4.0%

 

 

7,900

 

 

 

7,907

 

 

 

8,216

 

 

 (8)(9)(13)

Total Vital Connect, Inc.

 

 

 

 

 

 

 

 

 

 

43,450

 

 

 

43,854

 

 

 

45,188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Medical Devices (19.8%)*

 

 

 

$

262,262

 

 

$

263,805

 

 

$

262,729

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Sector Holdings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior Credit Corp 2022 LLC

 

Secured Loan

 

January 30, 2023

 

December 5, 2028

 

Fixed interest rate 8.5%; EOT 0.0%

 

$

12,885

 

 

$

12,885

 

 

$

12,885

 

 

 (10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Sub-total: Multi-Sector Holdings (1.0%)*

 

 

 

$

12,885

 

 

$

12,885

 

 

$

12,885

 

 

 

 

16

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Healthcare Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Genezen Holdings Inc.

 

Secured Loan

 

August 11, 2026

 

September 1, 2031

 

Variable interest rate Prime + 4.8% or Floor rate 11.0%; EOT 5.3%

 

$

25,200

 

 

$

24,558

 

 

$

24,558

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LHV Newco LLC

 

Secured Loan

 

February 5, 2026

 

February 1, 2031

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%

 

$

14,400

 

 

$

14,381

 

 

$

14,205

 

 

 (8)(9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metabolon, Inc.

 

Secured Loan

 

March 28, 2024

 

April 1, 2029

 

Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%

 

$

45,464

 

 

$

45,799

 

 

$

46,040

 

 

 (8)(14)

 

Secured Loan

 

October 1, 2024

 

April 1, 2029

 

Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%

 

 

5,309

 

 

 

5,362

 

 

 

5,331

 

 

 (8)(13)(14)

 

Secured Loan

 

January 6, 2025

 

April 1, 2029

 

Variable interest rate Prime + 2.5% or Floor rate 10.0% + PIK Fixed Interest Rate 3.0%; EOT 4.8%

 

 

2,634

 

 

 

2,650

 

 

 

2,635

 

 

 (8)(14)

Total Metabolon, Inc.

 

 

 

 

 

 

 

 

 

 

53,407

 

 

 

53,811

 

 

 

54,006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Renalogic Holdings, Inc.

 

Secured Loan

 

June 30, 2025

 

June 30, 2030

 

Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%

 

$

53,300

 

 

$

52,480

 

 

$

52,731

 

 

 (8)(9)(13)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Sub-total: Other Healthcare Services (11.0%)*

 

 

 

$

146,307

 

 

$

145,230

 

 

$

145,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Knockaway, Inc.

 

Secured Loan

 

September 29, 2023

 

September 1, 2028

 

Fixed interest rate 5.0% + PIK Fixed Interest Rate 5.0%; EOT 0.0%

 

$

24,282

 

 

$

24,204

 

 

$

19,836

 

 

 (13)(14)(21)

 

Secured Loan

 

May 14, 2025

 

May 14, 2027

 

Fixed interest rate 4.0%; EOT 0.0%

 

 

1,600

 

 

 

1,600

 

 

 

1,623

 

 

 (15)(21)

Total Knockaway, Inc.

 

 

 

 

 

 

 

 

 

 

25,882

 

 

 

25,804

 

 

 

21,459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Knockaway Trinity Holdings, LLC

 

Secured Loan

 

December 6, 2023

 

December 27, 2027

 

Variable interest rate SOFR 1 Month Term + 9.3% or Floor rate 13.8%; EOT 0.0%

 

$

5,685

 

 

$

5,682

 

 

$

5,682

 

 

 (8)(10)(12)(19)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orchard Technologies, Inc.

 

Secured Loan

 

January 27, 2026

 

January 31, 2030

 

Variable interest rate Prime + 4.5% or Floor rate 11.5%; EOT 8.0%

 

 

1,523

 

 

 

1,645

 

 

 

1,359

 

 

 (8)(21)

 

Secured Loan

 

January 27, 2026

 

January 1, 2030

 

Variable interest rate Prime + 0.0% or Floor rate 0.0%; EOT 0.0%

 

 

8,300

 

 

 

8,300

 

 

 

6,781

 

 

 (8)(15)(21)

Total Orchard Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

9,823

 

 

 

9,945

 

 

 

8,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Real Estate Technology (2.7%)*

 

 

 

$

41,390

 

 

$

41,431

 

 

$

35,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software as a Service ("SaaS")

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Axosoft, LLC (dba GitKraken)

 

Secured Loan

 

September 3, 2026

 

September 3, 2031

 

Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%

 

$

55,250

 

 

$

54,706

 

 

$

54,706

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ChiroHD, LLC

 

Secured Loan

 

August 7, 2026

 

August 7, 2031

 

Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%

 

$

2,700

 

 

$

2,674

 

 

$

2,674

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consensus Sales, LLC

 

Secured Loan

 

June 5, 2026

 

June 5, 2031

 

Variable interest rate SOFR 3 Month Term + 7.2%; EOT 0.0%

 

$

22,420

 

 

$

22,280

 

 

$

22,806

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cpacket Networks, Inc.

 

Secured Loan

 

January 29, 2024

 

February 1, 2029

 

Variable interest rate Prime + 3.5% + PIK Fixed Interest Rate 1.3% or Floor rate 13.3% ; EOT 3.0%

 

$

20,931

 

 

$

21,186

 

 

$

21,130

 

 

 (8)(9)(13)(14)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CW AcquisitionsCo

 

Secured Loan

 

June 12, 2026

 

June 12, 2032

 

Variable interest rate SOFR 3 Month Term + 8.5%; EOT 0.0%

 

$

15,000

 

 

$

14,853

 

 

$

15,098

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eyelit Technologies, Inc.

 

Secured Loan

 

November 4, 2024

 

November 4, 2029

 

Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%

 

$

3,250

 

 

$

3,210

 

 

$

3,195

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

December 27, 2024

 

November 4, 2029

 

Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%

 

 

5,720

 

 

 

5,647

 

 

 

5,623

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

June 20, 2025

 

November 4, 2029

 

Variable interest rate SOFR 1 Month Term + 6.0%; EOT 0.0%

 

 

650

 

 

 

641

 

 

 

644

 

 

 (8)(9)(13)(18)

Total Eyelit Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

9,620

 

 

 

9,498

 

 

 

9,462

 

 

 

 

 

17

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hometown Ticketing, Inc.

 

Secured Loan

 

November 25, 2024

 

November 25, 2029

 

Variable interest rate SOFR 3 Month Term + 7.7%; EOT 0.0%

 

$

19,524

 

 

$

19,220

 

 

$

19,401

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

June 23, 2026

 

December 31, 2026

 

Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%

 

 

1,998

 

 

 

1,997

 

 

 

1,998

 

 

 (8)(9)(18)

 

Secured Loan

 

July 31, 2026

 

November 25, 2029

 

Variable interest rate SOFR 3 Month Term + 7.8%; EOT 0.0%

 

 

470

 

 

 

470

 

 

 

470

 

 

 (8)(9)(18)

Total Hometown Ticketing, Inc.

 

 

 

 

 

 

 

 

 

 

21,992

 

 

 

21,687

 

 

 

21,869

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CCP InterGalactic Buyer, LLC

 

Secured Loan

 

September 15, 2025

 

September 15, 2030

 

Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%

 

$

3,728

 

 

$

3,674

 

 

$

3,705

 

 

 (8)(9)(18)

 

Secured Loan

 

February 9, 2026

 

September 15, 2030

 

Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%

 

 

6,587

 

 

 

6,483

 

 

 

6,508

 

 

 (8)(18)

 

Secured Loan

 

September 21, 2026

 

September 15, 2030

 

Variable interest rate SOFR 3 Month Term + 5.5%; EOT 0.0%

 

 

1,000

 

 

 

982

 

 

 

982

 

 

 (8)(18)

Total CCP InterGalactic Buyer, LLC

 

 

 

 

 

 

 

 

 

 

11,315

 

 

 

11,139

 

 

 

11,195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kibo Software, Inc.

 

Secured Loan

 

May 22, 2026

 

May 22, 2031

 

Variable interest rate SOFR 3 Month Term + 5.8%; EOT 0.0%

 

$

26,250

 

 

$

26,007

 

 

$

26,331

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OrgChart, LLC

 

Secured Loan

 

January 13, 2026

 

January 14, 2031

 

Variable interest rate SOFR 1 Month Term + 5.5%; EOT 0.0%

 

$

19,900

 

 

$

19,729

 

 

$

20,099

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ServiceTrade, Inc.

 

Secured Loan

 

April 17, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 8.0%; EOT 0.0%

 

$

9,790

 

 

$

9,790

 

 

$

9,839

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

April 17, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%

 

 

890

 

 

 

878

 

 

 

888

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

May 5, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%

 

 

1,780

 

 

 

1,756

 

 

 

1,774

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

May 29, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%

 

 

1,780

 

 

 

1,755

 

 

 

1,763

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

June 29, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%

 

 

2,610

 

 

 

2,573

 

 

 

2,583

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

September 4, 2026

 

August 15, 2029

 

Variable interest rate SOFR 3 Month Term + 4.8%; EOT 0.0%

 

 

1,900

 

 

 

1,868

 

 

 

1,868

 

 

 (8)(9)(13)(18)

Total ServiceTrade, Inc.

 

 

 

 

 

 

 

 

 

 

18,750

 

 

 

18,620

 

 

 

18,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOCi, Inc.

 

Secured Loan

 

October 3, 2024

 

October 3, 2029

 

Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%

 

$

27,725

 

 

$

27,347

 

 

$

27,598

 

 

 (8)(9)(13)

 

Secured Loan

 

December 30, 2024

 

October 3, 2029

 

Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%

 

 

3,232

 

 

 

3,186

 

 

 

3,232

 

 

 (8)(9)(13)

 

Secured Loan

 

April 23, 2025

 

October 3, 2029

 

Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%

 

 

1,624

 

 

 

1,599

 

 

 

1,624

 

 

 (8)(9)(13)

 

Secured Loan

 

August 5, 2025

 

October 3, 2029

 

Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%

 

 

1,710

 

 

 

1,682

 

 

 

1,710

 

 

 (8)(9)(13)

 

Secured Loan

 

August 6, 2026

 

October 3, 2029

 

Variable interest rate SOFR 3 Month Term + 7.9%; EOT 0.0%

 

 

1,645

 

 

 

1,610

 

 

 

1,610

 

 

 (8)(9)(13)

 

Secured Loan

 

September 23, 2026

 

October 3, 2029

 

Variable interest rate SOFR 6 Month Term + 7.9%; EOT 0.0%

 

 

4,853

 

 

 

4,744

 

 

 

4,744

 

 

 (8)(9)(13)

Total SOCi, Inc.

 

 

 

 

 

 

 

 

 

 

40,789

 

 

 

40,168

 

 

 

40,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steno Agency, Inc.

 

Secured Loan

 

June 21, 2024

 

July 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%

 

$

3,567

 

 

$

3,565

 

 

$

3,641

 

 

 (8)(9)(13)

 

Secured Loan

 

January 2, 2025

 

July 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%

 

 

3,481

 

 

 

3,522

 

 

 

3,561

 

 

 (8)(9)(13)

 

Secured Loan

 

May 16, 2025

 

July 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 2.5%

 

 

3,481

 

 

 

3,434

 

 

 

3,464

 

 

 (8)(9)(13)

Total Steno Agency, Inc.

 

 

 

 

 

 

 

 

 

 

10,529

 

 

 

10,521

 

 

 

10,666

 

 

 

 

 

18

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ticketure LLC

 

Secured Loan

 

July 25, 2025

 

July 25, 2030

 

Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%

 

$

24,750

 

 

$

24,370

 

 

$

23,980

 

 

 (8)(13)(18)

 

Secured Loan

 

January 29, 2026

 

July 25, 2030

 

Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%

 

 

993

 

 

 

976

 

 

 

984

 

 

 (8)(18)

 

Secured Loan

 

April 9, 2026

 

July 25, 2030

 

Variable interest rate SOFR 3 Month Term + 6.0%; EOT 0.0%

 

 

3,155

 

 

 

3,140

 

 

 

3,123

 

 

 (8)(9)(18)

Total Ticketure LLC

 

 

 

 

 

 

 

 

 

 

28,898

 

 

 

28,486

 

 

 

28,087

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Xytech Systems, LLC

 

Secured Loan

 

February 26, 2025

 

February 26, 2030

 

Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%

 

$

30,035

 

 

$

29,640

 

 

$

29,519

 

 

 (8)(9)(18)

 

Secured Loan

 

July 2, 2025

 

February 26, 2030

 

Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%

 

 

1,880

 

 

 

1,853

 

 

 

1,821

 

 

 (8)(9)(13)(18)

 

Secured Loan

 

March 3, 2026

 

February 26, 2030

 

Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%

 

 

1,645

 

 

 

1,617

 

 

 

1,609

 

 

 (8)(9)(18)

 

Secured Loan

 

September 1, 2026

 

February 26, 2030

 

Variable interest rate SOFR 3 Month Term + 6.3%; EOT 0.0%

 

 

705

 

 

 

691

 

 

 

691

 

 

 (8)(9)(18)

Total Xytech Systems, LLC

 

 

 

 

 

 

 

 

 

 

34,265

 

 

 

33,801

 

 

 

33,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: SaaS (25.4%)*

 

 

 

 

 

 

 

 

$

338,609

 

 

$

335,355

 

 

$

336,996

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Astranis Space Technology Corporation

 

Equipment Financing

 

September 27, 2024

 

October 1, 2027

 

Fixed interest rate 12.6%; EOT 4.0%

 

$

1,089

 

 

$

1,172

 

 

$

1,172

 

 

 (9)(13)

 

Equipment Financing

 

August 25, 2025

 

September 1, 2028

 

Fixed interest rate 11.6%; EOT 4.0%

 

 

2,894

 

 

 

2,977

 

 

 

2,999

 

 

 (9)(13)

 

Equipment Financing

 

October 30, 2025

 

November 1, 2028

 

Fixed interest rate 11.7%; EOT 4.0%

 

 

766

 

 

 

782

 

 

 

788

 

 

 (9)(13)

 

Equipment Financing

 

March 30, 2026

 

April 1, 2029

 

Fixed interest rate 11.7%; EOT 4.0%

 

 

1,548

 

 

 

1,557

 

 

 

1,562

 

 

 (9)(13)

 

Equipment Financing

 

June 25, 2026

 

July 1, 2029

 

Fixed interest rate 11.6%; EOT 4.0%

 

 

1,162

 

 

 

1,160

 

 

 

1,165

 

 

 (9)(13)

 

Secured Loan

 

August 25, 2025

 

August 25, 2030

 

Variable interest rate Prime + 4.8% or Floor rate 12.3%; EOT 4.0%

 

 

43,000

 

 

 

41,967

 

 

 

42,771

 

 

 (8)(9)(13)

Total Astranis Space Technology Corporation

 

 

 

 

 

 

 

 

 

 

50,459

 

 

 

49,615

 

 

 

50,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hermeus Corporation

 

Equipment Financing

 

March 23, 2026

 

October 1, 2029

 

Fixed interest rate 11.3%; EOT 4.0%

 

$

13,797

 

 

$

13,685

 

 

$

13,708

 

 

 (9)(13)

 

Equipment Financing

 

May 22, 2026

 

December 1, 2029

 

Fixed interest rate 11.3%; EOT 4.0%

 

 

1,689

 

 

 

1,666

 

 

 

1,671

 

 

 (9)(13)

Total Hermeus Corporation

 

 

 

 

 

 

 

 

 

 

15,486

 

 

 

15,351

 

 

 

15,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impulse Space, Inc.

 

Equipment Financing

 

June 18, 2024

 

July 1, 2027

 

Fixed interest rate 12.7%; EOT 3.0%

 

$

241

 

 

$

264

 

 

$

265

 

 

 (9)(13)

 

Equipment Financing

 

September 13, 2024

 

October 1, 2027

 

Fixed interest rate 12.5%; EOT 3.0%

 

 

224

 

 

 

238

 

 

 

240

 

 

 (9)(13)

 

Equipment Financing

 

December 27, 2024

 

January 1, 2028

 

Fixed interest rate 12.9%; EOT 3.0%

 

 

247

 

 

 

258

 

 

 

262

 

 

 (9)(13)

 

Equipment Financing

 

February 12, 2025

 

March 1, 2028

 

Fixed interest rate 12.6%; EOT 3.0%

 

 

299

 

 

 

309

 

 

 

311

 

 

 (9)(13)

 

Equipment Financing

 

June 25, 2025

 

July 1, 2028

 

Fixed interest rate 12.8%; EOT 3.0%

 

 

398

 

 

 

405

 

 

 

409

 

 

 (9)(13)

 

Equipment Financing

 

September 25, 2025

 

October 1, 2028

 

Fixed interest rate 12.8%; EOT 3.0%

 

 

2,008

 

 

 

2,023

 

 

 

2,039

 

 

 (9)(13)

Total Impulse Space, Inc.

 

 

 

 

 

 

 

 

 

 

3,417

 

 

 

3,497

 

 

 

3,526

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kymeta Corporation

 

Secured Loan

 

July 3, 2024

 

August 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%

 

$

7,718

 

 

$

7,696

 

 

$

7,717

 

 

 (8)(9)(13)

 

Secured Loan

 

June 11, 2025

 

August 1, 2029

 

Variable interest rate Prime + 4.0% or Floor rate 12.5%; EOT 3.0%

 

 

7,718

 

 

 

7,788

 

 

 

7,734

 

 

 (8)(9)(13)

Total Kymeta Corporation

 

 

 

 

 

 

 

 

 

 

15,436

 

 

 

15,484

 

 

 

15,451

 

 

 

 

19

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Slingshot Aerospace, Inc.

 

Secured Loan

 

July 12, 2024

 

August 1, 2029

 

Variable interest rate Prime + 5.5% or Floor rate 14.0%; EOT 3.0%

 

$

23,166

 

 

$

23,331

 

 

$

22,694

 

 

 (8)(9)(13)

 

Secured Loan

 

August 7, 2024

 

April 30, 2027

 

Fixed interest rate 10.0%; EOT 0.0%

 

 

500

 

 

 

500

 

 

 

449

 

 

 

Secured Loan

 

August 27, 2026

 

November 1, 2026

 

Fixed interest rate 15.0%; EOT 3.0%

 

 

7,900

 

 

 

7,788

 

 

 

7,788

 

 

 (9)

Total Slingshot Aerospace, Inc.

 

 

 

 

 

 

 

 

 

 

31,566

 

 

 

31,619

 

 

 

30,931

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

True Anomaly, Inc.

 

Equipment Financing

 

September 11, 2026

 

September 30, 2029

 

Fixed interest rate 10.8%; EOT 6.0%

 

$

3,977

 

 

$

3,965

 

 

$

3,965

 

 

 (9)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Space Technology (9.0%)*

 

 

 

 

 

 

 

 

 

$

120,341

 

 

$

119,531

 

 

$

119,709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supply Chain Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inktavo, LLC

 

Secured Loan

 

October 15, 2025

 

October 15, 2031

 

Variable interest rate SOFR 3 Month Term + 6.8%; EOT 0.0%

 

$

56,417

 

 

$

55,468

 

 

$

56,291

 

 

 (8)(9)(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Macrofab, Inc.

 

Secured Loan

 

July 21, 2023

 

August 1, 2027

 

PIK Variable interest rate Prime + 5.5% or Floor rate 13.3%; EOT 4.5%

 

$

19,926

 

 

$

20,763

 

 

$

16,151

 

 

 (8)(17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nucleus RadioPharma, Inc.

 

Equipment Financing

 

June 4, 2024

 

July 1, 2027

 

Fixed interest rate 11.8%; EOT 4.0%

 

$

121

 

 

$

136

 

 

$

137

 

 

 (9)(13)

 

Equipment Financing

 

December 23, 2024

 

January 1, 2028

 

Fixed interest rate 12.3%; EOT 4.0%

 

 

779

 

 

 

832

 

 

 

834

 

 

 (9)(13)

 

Equipment Financing

 

September 9, 2025

 

October 1, 2028

 

Fixed interest rate 12.0%; EOT 4.0%

 

 

988

 

 

 

1,012

 

 

 

1,021

 

 

 (9)(13)

Total Nucleus RadioPharma, Inc.

 

 

 

 

 

 

 

 

 

 

1,888

 

 

 

1,980

 

 

 

1,992

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Supply Chain Technology (5.6%)*

 

 

 

 

 

 

 

 

$

78,231

 

 

$

78,211

 

 

$

74,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transportation Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EH Leasing Company, LLC

 

Equipment Financing

 

November 1, 2025

 

November 1, 2029

 

Fixed interest rate 14.4%; EOT 18.7%

 

$

4,408

 

 

$

5,124

 

 

$

4,304

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 NextCar Holding Company, Inc.

 

Secured Loan

 

November 4, 2025

 

December 31, 2026

 

Fixed interest rate 10.0%; EOT 0.0%

 

$

1,484

 

 

$

1,484

 

 

$

1,034

 

 

 (17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Get Spiffy, Inc.

 

Secured Loan

 

July 14, 2023

 

January 14, 2028

 

Variable interest rate Prime + 4.5% or Floor rate 12.3%; EOT 6.0%

 

$

9,741

 

 

$

10,281

 

 

$

9,293

 

 

 (8)(9)

 

 

20

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Debt Securities- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uveye, Inc.

 

Equipment Financing

 

December 26, 2024

 

January 1, 2028

 

Fixed interest rate 11.9%; EOT 1.0%

 

$

9,227

 

 

$

9,355

 

 

$

9,425

 

 

 (13)

 

Equipment Financing

 

March 28, 2025

 

April 1, 2028

 

Fixed interest rate 11.9%; EOT 1.0%

 

 

2,738

 

 

 

2,762

 

 

 

2,782

 

 

 (13)

 

Equipment Financing

 

May 15, 2025

 

June 1, 2028

 

Fixed interest rate 11.6%; EOT 1.0%

 

 

735

 

 

 

739

 

 

 

745

 

 

 (13)

 

Equipment Financing

 

June 25, 2025

 

July 1, 2028

 

Fixed interest rate 11.9%; EOT 1.0%

 

 

2,395

 

 

 

2,407

 

 

 

2,426

 

 

 (13)

 

Equipment Financing

 

August 13, 2025

 

September 1, 2028

 

Fixed interest rate 11.6%; EOT 1.0%

 

 

6,405

 

 

 

6,420

 

 

 

6,470

 

 

 (13)

 

Equipment Financing

 

September 26, 2025

 

October 1, 2028

 

Fixed interest rate 11.9%; EOT 1.0%

 

 

4,298

 

 

 

4,303

 

 

 

4,328

 

 

 (13)

 

Equipment Financing

 

November 20, 2025

 

December 1, 2028

 

Fixed interest rate 11.7%; EOT 1.0%

 

 

10,279

 

 

 

10,269

 

 

 

10,305

 

 

 (13)

 

Equipment Financing

 

December 17, 2025

 

January 1, 2029

 

Fixed interest rate 11.6%; EOT 1.0%

 

 

6,748

 

 

 

6,734

 

 

 

6,738

 

 

 (13)

 

Equipment Financing

 

January 30, 2026

 

February 1, 2029

 

Fixed interest rate 12.0%; EOT 1.0%

 

 

3,936

 

 

 

3,922

 

 

 

3,926

 

 

 (13)

 

Equipment Financing

 

March 24, 2026

 

April 1, 2029

 

Fixed interest rate 11.8%; EOT 1.0%

 

 

6,498

 

 

 

6,467

 

 

 

6,467

 

 

 (13)

 

Equipment Financing

 

May 7, 2026

 

June 1, 2029

 

Fixed interest rate 11.4%; EOT 1.0%

 

 

6,088

 

 

 

6,050

 

 

 

6,047

 

 

 (13)

 

Equipment Financing

 

June 18, 2026

 

July 1, 2029

 

Fixed interest rate 11.7%; EOT 1.0%

 

 

7,744

 

 

 

7,688

 

 

 

7,686

 

 

 (13)

 

Equipment Financing

 

August 28, 2026

 

September 1, 2029

 

Fixed interest rate 11.9%; EOT 1.0%

 

 

3,818

 

 

 

3,781

 

 

 

3,781

 

 

 (13)

 Total Uveye, Inc.

 

 

 

 

 

 

 

 

 

 

70,909

 

 

 

70,897

 

 

 

71,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Transportation Technology (6.5%)*

 

 

 

 

 

 

 

 

$

86,542

 

 

$

87,786

 

 

$

85,757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Debt Securities- United States (167.9%)*

 

 

 

 

 

 

 

 

 

$

2,251,597

 

 

$

2,252,745

 

 

$

2,225,421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities- Canada

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Koho Financial, Inc.

 

Secured Loan

 

September 15, 2026

 

October 1, 2030

 

Variable interest rate Prime + 2.5% + PIK 1.25% or Floor rate 10.5%; EOT 3.0%

 

$

58,833

 

 

$

57,175

 

 

$

57,175

 

 

 (8)(9)(10)(13)(14)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial Technology (4.3%)*

 

 

 

 

 

 

 

 

 

$

58,833

 

 

$

57,175

 

 

$

57,175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maple Raptor Acquisition Inc. (dba Rentsync)

 

Secured Loan

 

April 28, 2025

 

April 28, 2030

 

Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%

 

$

19,608

 

 

$

19,340

 

 

$

19,446

 

 

 (8)(10)(18)

 

Secured Loan

 

December 23, 2025

 

April 28, 2030

 

Variable interest rate CORRA 3 Month Term + 9.4%; EOT 0.0%

 

 

7,471

 

 

 

7,357

 

 

 

7,264

 

 

 (8)(10)(18)

 Total Maple Raptor Acquisition Inc. (dba Rentsync)

 

 

 

 

 

 

 

 

 

 

27,079

 

 

 

26,697

 

 

 

26,710

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Real Estate Technology (2.0%)*

 

$

27,079

 

 

$

26,697

 

 

$

26,710

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earthdaily Constellation Holdings, LP

 

Equipment Financing

 

June 10, 2025

 

January 1, 2029

 

Fixed interest rate 13.5%; EOT 7.0%

 

$

13,098

 

 

$

13,596

 

 

$

13,307

 

 

 (9)(10)(13)

 

Equipment Financing

 

August 28, 2025

 

March 1, 2029

 

Fixed interest rate 13.9%; EOT 7.0%

 

 

1,847

 

 

 

1,892

 

 

 

1,855

 

 

 (9)(10)(13)

 Total Earthdaily Constellation Holdings, LP

 

 

 

 

 

 

 

 

 

 

14,945

 

 

 

15,488

 

 

 

15,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Space Technology (1.1%)*

 

$

14,945

 

 

$

15,488

 

 

$

15,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supply Chain Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GoFor Delivers, Inc.

 

Secured Loan

 

June 28, 2024

 

July 1, 2028

 

Variable interest rate Prime + 3.5% or Floor rate 12.0%; EOT 2.5%

 

$

5,754

 

 

$

5,866

 

 

$

5,514

 

 

 (8)(10)(13)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Supply Chain Technology (0.4%)*

 

$

5,754

 

 

$

5,866

 

 

$

5,514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Debt Securities- Canada (7.9%)*

 

 

 

 

 

 

 

$

106,611

 

 

$

105,226

 

 

$

104,561

 

 

 

 

 

21

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of Investment (2)

 

Investment Date (3)

 

Maturity Date

 

Interest Rate (4)

 

Principal
Amount (5)

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

 Debt Securities- Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products & Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Motorway Online, Ltd

 

Secured Loan

 

December 23, 2025

 

June 1, 2030

 

Variable interest rate Base Rate + 7.9% or Floor rate 11.7%; EOT 2.8%

 

$

20,205

 

 

$

19,877

 

 

$

19,980

 

 

 (8)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Consumer Products & Services (1.5%)*

 

 

 

 

 

 

 

 

$

20,205

 

 

$

19,877

 

 

$

19,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wayflyer Limited

 

Secured Loan

 

June 9, 2026

 

August 1, 2030

 

Variable interest rate SOFR 1 Month Term + 8.3% or Floor rate 11.7%; EOT 4.3%

 

$

35,000

 

 

$

34,932

 

 

$

34,786

 

 

 (8)(10)(12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial Technology (2.6%)*

 

 

 

 

 

 

 

 

 

$

35,000

 

 

$

34,932

 

 

$

34,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unmind LTD

 

Secured Loan

 

July 8, 2025

 

August 1, 2029

 

Variable interest rate Prime + 3.8% or Floor rate 11.3%; EOT 3.0%

 

$

19,042

 

 

$

18,991

 

 

$

19,342

 

 

 (8)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Healthcare Technology (1.5%)*

 

 

 

 

 

 

 

 

$

19,042

 

 

$

18,991

 

 

$

19,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Devices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMR Surgical Limited

 

Secured Loan

 

March 24, 2025

 

April 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%

 

$

29,375

 

 

$

29,535

 

 

$

29,978

 

 

 (8)(9)(10)(13)

 

Secured Loan

 

December 16, 2025

 

April 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%

 

 

11,750

 

 

 

11,668

 

 

 

11,803

 

 

 (8)(9)(10)(13)

 

Secured Loan

 

June 2, 2026

 

April 1, 2030

 

Variable interest rate Prime + 4.0% or Floor rate 11.0%; EOT 4.0%

 

 

11,750

 

 

 

11,605

 

 

 

11,789

 

 

 (8)(9)(10)(13)

 Total CMR Surgical Limited

 

 

 

 

 

 

 

 

 

 

52,875

 

 

 

52,808

 

 

 

53,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Sub-total: Medical Devices (4.0%)*

 

 

 

$

52,875

 

 

$

52,808

 

 

$

53,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Healthcare Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zandivio PLC

 

Secured Loan

 

October 30, 2024

 

May 1, 2029

 

Variable interest rate Prime + 5.3% or Floor rate 13.8%; EOT 2.5%

 

$

16,668

 

 

$

16,964

 

 

$

17,021

 

 

 (8)(9)(10)(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Sub-total: Other Healthcare Services (1.3%)*

 

 

 

$

16,668

 

 

$

16,964

 

 

$

17,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prospire Technologies LTD

 

Secured Loan

 

January 29, 2026

 

February 1, 2030

 

Variable interest rate Base Rate + 8.5% or Floor rate 12.2%; EOT 2.0%

 

$

13,797

 

 

$

13,702

 

 

$

13,454

 

 

 (8)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Sub-total: Real Estate Technology (1.0%)*

 

 

 

$

13,797

 

 

$

13,702

 

 

$

13,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Debt Securities- Europe (11.9%)*

 

 

 

 

 

 

 

$

157,587

 

 

$

157,274

 

 

$

158,153

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Debt Securities (187.7%)*

 

 

 

 

 

 

 

$

2,515,795

 

 

$

2,515,245

 

 

$

2,488,135

 

 

 

 

22

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

 

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AI , Automation, & Robotics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D-Wave Quantum Inc.

 

Warrant

 

August 1, 2025

 

August 1, 2035

 

Common Stock

 

 

13,391

 

 

$

16.05

 

 

$

183

 

 

$

151

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hologram, Inc.

 

Warrant

 

January 27, 2020

 

January 27, 2030

 

Common Stock

 

 

193,054

 

 

$

0.26

 

 

$

49

 

 

$

59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K2View Inc.

 

Warrant

 

May 30, 2025

 

May 30, 2035

 

Ordinary

 

 

252,050

 

 

$

1.38

 

 

$

150

 

 

$

372

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Path Robotics, Inc.

 

Warrant

 

April 28, 2026

 

April 28, 2036

 

Common Stock

 

 

121,486

 

 

$

3.77

 

 

$

576

 

 

$

1,141

 

 

 (9)

 

Warrant

 

July 10, 2026

 

April 28, 2036

 

Common Stock

 

 

37,012

 

 

$

3.77

 

 

 

161

 

 

 

347

 

 

 (9)

 

Warrant

 

August 14, 2026

 

April 28, 2036

 

Common Stock

 

 

16,716

 

 

$

3.77

 

 

 

77

 

 

 

157

 

 

 (9)

 

Warrant

 

September 4, 2026

 

April 28, 2036

 

Common Stock

 

 

23,282

 

 

$

3.77

 

 

 

104

 

 

 

219

 

 

 (9)

Total Path Robotics, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

918

 

 

 

1,864

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sortera Technologies, Inc.

 

Warrant

 

February 11, 2025

 

February 11, 2035

 

Common Stock

 

 

38,319

 

 

$

5.23

 

 

$

286

 

 

$

307

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Swimlane, Inc.

 

Warrant

 

May 28, 2025

 

May 28, 2037

 

Preferred Series B

 

 

2,176,343

 

 

$

0.19

 

 

$

151

 

 

$

53

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tquila Automation, Inc

 

Warrant

 

July 2, 2025

 

July 2, 2037

 

Common Stock

 

 

32,247

 

 

$

0.81

 

 

$

41

 

 

$

14

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uniphore Technologies Inc.

 

Warrant

 

September 30, 2025

 

September 30, 2035

 

Common Stock

 

 

604,703

 

 

$

2.40

 

 

$

653

 

 

$

851

 

 

 (9)

 

Warrant

 

October 2, 2025

 

September 30, 2035

 

Common Stock

 

 

226,763

 

 

$

2.40

 

 

 

201

 

 

 

319

 

 

 (9)

Total Uniphore Technologies Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

854

 

 

 

1,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: AI & Automation (0.3%)*

 

 

 

 

 

 

 

 

 

 

$

2,632

 

 

$

3,990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Biotechnology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Candel Therapeutics, Inc.

 

Warrant

 

October 14, 2025

 

October 14, 2035

 

Common Stock

 

 

221,539

 

 

$

5.89

 

 

$

1,177

 

 

$

2,016

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pendulum Therapeutics, Inc.

 

Warrant

 

January 16, 2020

 

October 9, 2029

 

Preferred Series B

 

 

55,263

 

 

$

1.90

 

 

$

44

 

 

$

6

 

 

 (16)

 

Warrant

 

June 1, 2020

 

July 15, 2030

 

Preferred Series B

 

 

36,842

 

 

$

1.90

 

 

 

36

 

 

 

4

 

 

 (16)

 

Warrant

 

December 31, 2021

 

December 31, 2031

 

Preferred Series C

 

 

322,251

 

 

$

3.24

 

 

 

118

 

 

 

18

 

 

 (16)

 

Warrant

 

February 5, 2024

 

February 5, 2034

 

Common Stock

 

 

1,143,690

 

 

$

1.03

 

 

 

588

 

 

 

217

 

 

 

Warrant

 

May 30, 2025

 

May 30, 2035

 

Preferred Series C

 

 

914,565

 

 

$

0.01

 

 

 

1,880

 

 

 

1,237

 

 

 (16)

Total Pendulum Therapeutics, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,666

 

 

 

1,482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Biotechnology (0.3%)*

 

 

 

 

 

 

 

 

 

 

$

3,843

 

 

$

3,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Connectivity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tarana Wireless, Inc.

 

Warrant

 

June 30, 2021

 

June 30, 2031

 

Common Stock

 

 

5,027,629

 

 

$

0.19

 

 

$

967

 

 

$

1,015

 

 

 

Warrant

 

September 23, 2024

 

September 23, 2034

 

Common Stock

 

 

2,094,922

 

 

$

0.51

 

 

 

695

 

 

 

208

 

 

 (9)

Total Tarana Wireless, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,662

 

 

 

1,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Connectivity (0.1%)*

 

 

 

 

 

 

 

 

 

 

$

1,662

 

 

$

1,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Frog, Inc.

 

Warrant

 

January 16, 2020

 

February 28, 2027

 

Preferred Series AA-1

 

 

211,649

 

 

$

0.19

 

 

$

9

 

 

$

1

 

 

 (16)(21)

 

Warrant

 

January 16, 2020

 

February 28, 2027

 

Common Stock

 

 

180,340

 

 

$

0.19

 

 

 

9

 

 

 

1

 

 

 (21)

 

Warrant

 

August 1, 2021

 

December 31, 2031

 

Preferred Series CC

 

 

250,000

 

 

$

0.01

 

 

 

20

 

 

 

9

 

 

 (16)(21)

Total Project Frog, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38

 

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Construction Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

38

 

 

$

11

 

 

 

 

23

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products & Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BaubleBar, Inc.

 

Warrant

 

January 16, 2020

 

March 29, 2027

 

Preferred Series C

 

 

531,806

 

 

$

1.96

 

 

$

638

 

 

$

—

 

 

 (16)

 

Warrant

 

January 16, 2020

 

April 20, 2028

 

Preferred Series C

 

 

60,000

 

 

$

1.96

 

 

 

72

 

 

 

—

 

 

 (16)

Total BaubleBar, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

710

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bobbie Baby, Inc.

 

Warrant

 

September 12, 2025

 

September 12, 2035

 

Common Stock

 

 

39,745

 

 

$

4.05

 

 

$

53

 

 

$

52

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boosted eCommerce, Inc.

 

Warrant

 

December 14, 2020

 

December 14, 2030

 

Common Stock

 

 

763,480

 

 

$

0.84

 

 

$

259

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Happiest Baby, Inc.

 

Warrant

 

January 16, 2020

 

May 16, 2029

 

Common Stock

 

 

182,554

 

 

$

0.33

 

 

$

193

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Madison Reed, Inc.

 

Warrant

 

January 16, 2020

 

March 23, 2027

 

Preferred Series C

 

 

194,553

 

 

$

2.57

 

 

$

185

 

 

$

299

 

 

 (16)

 

Warrant

 

January 16, 2020

 

July 18, 2028

 

Common Stock

 

 

43,158

 

 

$

0.99

 

 

 

71

 

 

 

99

 

 

 

Warrant

 

January 16, 2020

 

June 30, 2029

 

Common Stock

 

 

36,585

 

 

$

1.23

 

 

 

56

 

 

 

80

 

 

Total Madison Reed, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

312

 

 

 

478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ogee, Inc.

 

Warrant

 

February 14, 2023

 

February 14, 2033

 

Preferred Series A-3

 

 

243,668

 

 

$

0.68

 

 

$

54

 

 

$

191

 

 

 (9)(16)

 

Warrant

 

September 29, 2023

 

February 14, 2033

 

Preferred Series A-3

 

 

243,668

 

 

$

0.68

 

 

 

49

 

 

 

191

 

 

 (9)(16)

 

Warrant

 

August 1, 2024

 

August 1, 2034

 

Preferred Series A-3

 

 

243,668

 

 

$

0.68

 

 

 

104

 

 

 

191

 

 

 (9)(16)

 

Warrant

 

July 18, 2025

 

August 1, 2034

 

Preferred Series A-3

 

 

243,668

 

 

$

0.68

 

 

 

780

 

 

 

191

 

 

 (9)(16)

Total Ogee, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

987

 

 

 

764

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portofino Labs, Inc.

 

Warrant

 

December 31, 2020

 

December 31, 2030

 

Common Stock

 

 

99,148

 

 

$

1.53

 

 

$

160

 

 

$

9

 

 

 

Warrant

 

April 1, 2021

 

April 1, 2031

 

Common Stock

 

 

39,912

 

 

$

1.46

 

 

 

99

 

 

 

4

 

 

Total Portofino Labs, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

259

 

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quip NYC, Inc.

 

Warrant

 

March 9, 2021

 

March 9, 2031

 

Preferred Series A-1A

 

 

10,833

 

 

$

48.46

 

 

$

203

 

 

$

—

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rinse, Inc.

 

Warrant

 

May 10, 2022

 

May 10, 2032

 

Preferred Series C

 

 

278,761

 

 

$

1.13

 

 

$

118

 

 

$

199

 

 

 (16)

 

Warrant

 

May 14, 2026

 

May 14, 2036

 

Common Stock

 

 

292,992

 

 

$

0.61

 

 

 

207

 

 

 

135

 

 

Total Rinse, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

325

 

 

 

334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SI Tickets, Inc.

 

Warrant

 

May 11, 2022

 

May 11, 2032

 

Common Stock

 

 

53,029

 

 

$

2.52

 

 

$

162

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Super73, Inc.

 

Warrant

 

December 31, 2020

 

December 31, 2030

 

Common Stock

 

 

177,305

 

 

$

3.16

 

 

$

105

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whoop, Inc.

 

Warrant

 

May 17, 2023

 

May 17, 2033

 

Common Stock

 

 

2,393,845

 

 

$

0.43

 

 

$

1,100

 

 

$

18,977

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Consumer Products & Services (1.6%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,668

 

 

$

20,619

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diagnostics & Tools

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Artera Inc.

 

Warrant

 

March 13, 2026

 

March 16, 2036

 

Class B Common Stock

 

 

48,417

 

 

$

4.77

 

 

$

25

 

 

$

30

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rapid Micro Biosystems, Inc.

 

Warrant

 

August 8, 2025

 

August 8, 2035

 

Common Stock

 

 

127,165

 

 

$

3.35

 

 

$

346

 

 

$

83

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Diagnostics & Tools (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

371

 

 

$

113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Education Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yellowbrick Learning, Inc.

 

Warrant

 

January 16, 2020

 

September 30, 2028

 

Common Stock

 

 

222,222

 

 

$

0.90

 

 

$

120

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Education Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

120

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy & Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bolb, Inc.

 

Warrant

 

October 12, 2021

 

October 12, 2031

 

Common Stock

 

 

181,784

 

 

$

0.07

 

 

$

35

 

 

$

—

 

 

 

24

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edeniq, Inc.

 

Warrant

 

January 16, 2020

 

December 23, 2026

 

Preferred Series B

 

 

537

 

 

$

1,117.11

 

 

$

—

 

 

$

441

 

 

 (11)(16)(21)

 

Warrant

 

January 16, 2020

 

June 29, 2027

 

Preferred Series C

 

 

1,021

 

 

$

2,210.21

 

 

 

—

 

 

 

163

 

 

 (11)(16)(21)

Total Edeniq, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Footprint International Holding, Inc.

 

Warrant

 

February 14, 2020

 

February 14, 2030

 

Common Stock

 

 

38,171

 

 

$

0.31

 

 

$

9

 

 

$

—

 

 

 

Warrant

 

February 18, 2022

 

February 18, 2032

 

Common Stock

 

 

77,524

 

 

$

0.01

 

 

 

4,246

 

 

 

—

 

 

 

Warrant

 

June 23, 2022

 

June 23, 2032

 

Common Stock

 

 

14,624

 

 

$

0.01

 

 

 

359

 

 

 

—

 

 

 

Warrant

 

October 31, 2024

 

October 31, 2034

 

Preferred Class F

 

 

250

 

 

$

25,000.00

 

 

 

—

 

 

 

—

 

 

 (16)

Total Footprint International Holding, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,614

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Energy Inc.

 

Warrant

 

October 21, 2024

 

October 21, 2034

 

Common Stock

 

 

85,556

 

 

$

8.03

 

 

$

796

 

 

$

311

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infravision Holdings Pty Ltd

 

Warrant

 

August 31, 2026

 

August 28, 2038

 

Ordinary Shares

 

 

318,155

 

 

$

0.88

 

 

$

64

 

 

$

61

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Luxwall, Inc.

 

Warrant

 

June 4, 2026

 

June 4, 2036

 

Common Stock

 

 

50,086

 

 

$

2.65

 

 

$

42

 

 

$

40

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mainspring Energy, Inc.

 

Warrant

 

January 16, 2020

 

July 9, 2029

 

Common Stock

 

 

140,186

 

 

$

1.15

 

 

$

283

 

 

$

309

 

 

 

Warrant

 

November 20, 2020

 

November 20, 2030

 

Common Stock

 

 

81,294

 

 

$

1.15

 

 

 

226

 

 

 

179

 

 

 

Warrant

 

March 18, 2022

 

March 18, 2032

 

Common Stock

 

 

137,692

 

 

$

1.66

 

 

 

344

 

 

 

286

 

 

Total Mainspring Energy, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

853

 

 

 

774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RTS Holding, Inc.

 

Warrant

 

December 10, 2021

 

December 10, 2031

 

Preferred Series C

 

 

2,314

 

 

$

205.28

 

 

$

75

 

 

$

47

 

 

 (9)(16)

 

Warrant

 

October 13, 2022

 

October 13, 2032

 

Preferred Series D

 

 

917

 

 

$

196.50

 

 

 

87

 

 

 

21

 

 

 (9)(16)

 

Warrant

 

January 19, 2024

 

January 19, 2034

 

Preferred Series D-1

 

 

2,876

 

 

$

203.47

 

 

 

418

 

 

 

65

 

 

 (9)(16)

Total RTS Holding, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

580

 

 

 

133

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Energy & Resource Technology (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,984

 

 

$

1,923

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alt Platform Inc.

 

Warrant

 

July 8, 2025

 

July 8, 2035

 

Common Stock

 

 

256,692

 

 

$

0.74

 

 

$

308

 

 

$

370

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clinton Hill Assets SPV LLC

 

Warrant

 

July 27, 2026

 

July 27, 2036

 

Common Stock

 

 

15,019

 

 

$

7.45

 

 

$

103

 

 

$

120

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DailyPay, Inc.

 

Warrant

 

September 30, 2020

 

September 30, 2030

 

Common Stock

 

 

89,264

 

 

$

3.00

 

 

$

151

 

 

$

2,228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freedom Advisors Group LLC

 

Warrant

 

June 15, 2022

 

June 15, 2032

 

Class B Units

 

 

904,000

 

 

$

0.01

 

 

$

10

 

 

$

25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kafene, Inc.

 

Warrant

 

January 5, 2024

 

January 5, 2034

 

Common Stock

 

 

44,448

 

 

$

4.03

 

 

$

58

 

 

$

559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kard Financial, Inc.

 

Warrant

 

September 10, 2025

 

September 10, 2035

 

Common Stock

 

 

149,592

 

 

$

1.36

 

 

$

177

 

 

$

150

 

 

 (9)

 

Warrant

 

May 28, 2026

 

May 28, 2036

 

Common Stock

 

 

74,796

 

 

$

0.01

 

 

 

105

 

 

 

129

 

 

 (9)

Total Kard Financial, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

282

 

 

 

279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lendflow, Inc.

 

Warrant

 

April 24, 2025

 

April 24, 2035

 

Common Stock

 

 

85,778

 

 

$

0.70

 

 

$

79

 

 

$

63

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maior AI, Inc.

 

Warrant

 

August 24, 2026

 

August 24, 2036

 

Common Stock

 

 

19,657

 

 

$

0.01

 

 

$

53

 

 

$

50

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mesa Financial, Inc.

 

Warrant

 

August 29, 2024

 

August 29, 2034

 

Common Stock

 

 

62,422

 

 

$

0.73

 

 

$

28

 

 

$

24

 

 

 (10)

 

Warrant

 

September 9, 2026

 

September 9, 2036

 

Common Stock

 

 

113,064

 

 

$

0.73

 

 

 

43

 

 

 

43

 

 

 (10)

Total Mesa Financial, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

71

 

 

 

67

 

 

 

 

 

 

25

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Parafin, Inc.

 

Warrant

 

February 16, 2024

 

February 16, 2034

 

Common Stock

 

 

24,616

 

 

$

7.09

 

 

$

118

 

 

$

226

 

 

 (10)

 

Warrant

 

July 25, 2024

 

July 25, 2034

 

Common Stock

 

 

24,641

 

 

$

7.09

 

 

 

108

 

 

 

226

 

 

 (10)

 

Warrant

 

December 23, 2024

 

December 23, 2034

 

Common Stock

 

 

3,657

 

 

$

11.14

 

 

 

49

 

 

 

28

 

 

 (10)

Total Parafin, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

275

 

 

 

480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PatientFi, Inc.

 

Warrant

 

March 14, 2025

 

March 14, 2035

 

Preferred Series B

 

 

60,995

 

 

$

3.10

 

 

$

84

 

 

$

123

 

 

 (9)(16)

 

Warrant

 

December 16, 2025

 

March 14, 2035

 

Preferred Series B

 

 

60,994

 

 

$

3.10

 

 

 

95

 

 

 

123

 

 

 (9)(16)

Total PatientFi, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

179

 

 

 

246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Slope Tech, Inc.

 

Warrant

 

September 14, 2022

 

September 14, 2032

 

Common Stock

 

 

90,971

 

 

$

0.88

 

 

$

109

 

 

$

242

 

 

 (10)

 

Warrant

 

August 30, 2023

 

August 30, 2033

 

Common Stock

 

 

21,303

 

 

$

0.88

 

 

 

112

 

 

 

57

 

 

 (10)

Total Slope Tech, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

221

 

 

 

299

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thrivory, Inc.

 

Warrant

 

September 9, 2025

 

September 9, 2035

 

Common Stock

 

 

484,952

 

 

$

0.01

 

 

$

18

 

 

$

—

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tilt Finance, Inc. (dba Empower Financial, Inc.)

 

Warrant

 

October 13, 2023

 

October 13, 2033

 

Common Stock

 

 

404,893

 

 

$

1.43

 

 

$

953

 

 

$

3,982

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Under Technologies, Inc.

 

Warrant

 

May 3, 2024

 

May 3, 2034

 

Common Stock

 

 

76,133

 

 

$

2.90

 

 

$

212

 

 

$

204

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wisetack, Inc.

 

Warrant

 

November 14, 2024

 

November 14, 2034

 

Common Stock

 

 

111,153

 

 

$

1.58

 

 

$

102

 

 

$

167

 

 

 (9)

 

Warrant

 

September 11, 2026

 

November 14, 2034

 

Common Stock

 

 

37,051

 

 

$

1.58

 

 

 

54

 

 

 

56

 

 

 (9)

 

Warrant

 

September 11, 2026

 

July 24, 2036

 

Common Stock

 

 

18,563

 

 

$

1.91

 

 

 

25

 

 

 

26

 

 

 (9)

Total Wisetack, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

181

 

 

 

249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial Technology (0.7%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,154

 

 

$

9,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Food and Agriculture Technologies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Athletic Brewing Company, LLC

 

Warrant

 

October 28, 2022

 

October 28, 2032

 

Class B Units

 

 

3,741

 

 

$

140.21

 

 

$

288

 

 

$

370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DrinkPak, LLC

 

Warrant

 

September 13, 2022

 

September 13, 2032

 

Common Units

 

 

2,387

 

 

$

19.12

 

 

$

7

 

 

$

59

 

 

 (9)

 

Warrant

 

February 17, 2023

 

February 17, 2033

 

Common Units

 

 

12,010

 

 

$

18.89

 

 

 

26

 

 

 

298

 

 

 (9)

Total DrinkPak, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33

 

 

 

357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GrubMarket, Inc.

 

Warrant

 

June 15, 2020

 

June 15, 2030

 

Common Stock

 

 

405,000

 

 

$

1.10

 

 

$

115

 

 

$

8,448

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Fynder Group, Inc.

 

Warrant

 

October 14, 2020

 

October 14, 2030

 

Common Stock

 

 

36,445

 

 

$

0.49

 

 

$

68

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zero Acre Farms, Inc.

 

Warrant

 

December 23, 2022

 

December 23, 2032

 

Class A Common Stock

 

 

20,181

 

 

$

2.13

 

 

$

79

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Food and Agriculture Technologies (0.7%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

$

583

 

 

$

9,176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.Well Connected Health, Inc.

 

Warrant

 

April 10, 2025

 

April 10, 2035

 

Common Stock

 

 

64,777

 

 

$

0.79

 

 

$

108

 

 

$

322

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dentologie Enterprises, Inc.

 

Warrant

 

October 14, 2022

 

October 14, 2034

 

Common Stock

 

 

51,632

 

 

$

0.76

 

 

$

66

 

 

$

—

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exer Holdings, LLC

 

Warrant

 

November 19, 2021

 

November 19, 2031

 

Common Units

 

 

281

 

 

$

527.51

 

 

$

93

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hospitalists Now, Inc.

 

Warrant

 

January 16, 2020

 

December 6, 2026

 

Preferred Series D-2

 

 

750,000

 

 

$

5.89

 

 

$

391

 

 

$

—

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lark Technologies, Inc.

 

Warrant

 

September 30, 2020

 

September 30, 2030

 

Common Stock

 

 

76,231

 

 

$

1.76

 

 

$

177

 

 

$

9

 

 

 

Warrant

 

June 30, 2021

 

June 30, 2031

 

Common Stock

 

 

79,325

 

 

$

1.76

 

 

 

258

 

 

 

9

 

 

 

Warrant

 

December 22, 2022

 

December 22, 2032

 

Common Stock

 

 

97,970

 

 

$

2.49

 

 

 

58

 

 

 

9

 

 

Total Lark Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

493

 

 

 

27

 

 

 

 

26

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paytient Technologies, Inc.

 

Warrant

 

May 27, 2025

 

May 27, 2035

 

Common Stock

 

 

31,216

 

 

$

1.01

 

 

$

43

 

 

$

41

 

 

 (9)

 

Warrant

 

October 2, 2025

 

May 27, 2035

 

Common Stock

 

 

31,214

 

 

$

1.01

 

 

 

43

 

 

 

41

 

 

 (9)

Total Paytient Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

86

 

 

 

82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pearl Health, Inc.

 

Warrant

 

June 17, 2026

 

June 17, 2036

 

Common Stock

 

 

806,780

 

 

$

0.22

 

 

$

161

 

 

$

122

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PurpleLab, Inc.

 

Warrant

 

September 24, 2025

 

September 24, 2035

 

Common Stock

 

 

10,157

 

 

$

23.09

 

 

$

273

 

 

$

293

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Healthcare Technology (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,671

 

 

$

846

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Human Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BetterLeap, Inc.

 

Warrant

 

April 20, 2022

 

April 20, 2032

 

Common Stock

 

 

88,435

 

 

$

2.26

 

 

$

38

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Human Resource Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

38

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bestow, Inc.

 

Warrant

 

August 1, 2024

 

August 1, 2036

 

Preferred Series C-2

 

 

349,793

 

 

$

0.01

 

 

$

1,987

 

 

$

2,096

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Centivo Corporation

 

Warrant

 

July 31, 2024

 

July 31, 2034

 

Common Stock

 

 

80,578

 

 

$

0.76

 

 

$

67

 

 

$

35

 

 

 (9)

 

Warrant

 

December 20, 2024

 

July 31, 2034

 

Common Stock

 

 

80,577

 

 

$

0.76

 

 

 

189

 

 

 

35

 

 

 (9)

 

Warrant

 

February 3, 2025

 

July 31, 2034

 

Common Stock

 

 

80,577

 

 

$

0.76

 

 

 

164

 

 

 

35

 

 

 (9)

 

Warrant

 

May 20, 2025

 

July 31, 2034

 

Common Stock

 

 

161,157

 

 

$

0.76

 

 

 

290

 

 

 

69

 

 

 (9)

 

Warrant

 

June 13, 2025

 

July 31, 2034

 

Common Stock

 

 

80,577

 

 

$

0.76

 

 

 

145

 

 

 

35

 

 

 (9)

Total Centivo Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

855

 

 

 

209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gravie, Inc.

 

Warrant

 

June 4, 2024

 

June 4, 2034

 

Common Stock

 

 

123,816

 

 

$

2.68

 

 

$

293

 

 

$

12

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inshur, Inc.

 

Warrant

 

June 10, 2025

 

June 10, 2035

 

Common Stock

 

 

32,049

 

 

$

6.05

 

 

$

234

 

 

$

238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

One Million Metrics (dba Kinetic)

 

Warrant

 

August 25, 2025

 

August 25, 2035

 

Common Stock

 

 

168,871

 

 

$

0.51

 

 

$

134

 

 

$

169

 

 

 (9)

 

Warrant

 

July 17, 2026

 

August 25, 2035

 

Common Stock

 

 

56,290

 

 

$

0.51

 

 

 

39

 

 

 

56

 

 

 (9)

Total One Million Metrics (dba Kinetic)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

173

 

 

 

225

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Insurance Technology (0.2%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,542

 

 

$

2,780

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketing, Media, and Entertainment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Angel Studios, Inc.

 

Warrant

 

September 8, 2025

 

September 11, 2030

 

Common Stock

 

 

503,163

 

 

$

7.29

 

 

$

3,266

 

 

$

1,068

 

 

 (9)

 

Warrant

 

February 17, 2026

 

September 11, 2030

 

Common Stock

 

 

178,448

 

 

$

7.29

 

 

 

187

 

 

 

379

 

 

 (9)

Total Angel Studios, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,453

 

 

 

1,447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drone Racing League, Inc.

 

Warrant

 

October 17, 2022

 

October 17, 2032

 

Common Stock

 

 

253,824

 

 

$

6.76

 

 

$

375

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firefly Systems, Inc.

 

Warrant

 

January 29, 2020

 

January 29, 2030

 

Common Stock

 

 

133,147

 

 

$

1.14

 

 

$

282

 

 

$

159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grabit Interactive Media, Inc.

 

Warrant

 

April 8, 2022

 

April 8, 2034

 

Preferred Series A

 

 

142,828

 

 

$

1.00

 

 

$

40

 

 

$

30

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incontext Solutions, Inc.

 

Warrant

 

January 16, 2020

 

September 28, 2028

 

Common Stock

 

 

2,219

 

 

$

220.82

 

 

$

34

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PebblePost, Inc.

 

Warrant

 

May 7, 2021

 

May 7, 2031

 

Common Stock

 

 

657,343

 

 

$

0.52

 

 

$

68

 

 

$

176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rarefied Atmosphere, Inc.

 

Warrant

 

May 6, 2025

 

May 6, 2037

 

Common Stock

 

 

174,032

 

 

$

7.35

 

 

$

571

 

 

$

716

 

 

 (9)

 

Warrant

 

June 26, 2026

 

June 26, 2038

 

Common Stock

 

 

41,195

 

 

$

3.60

 

 

 

206

 

 

 

209

 

 

 (9)

Total Rarefied Atmosphere, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

777

 

 

 

925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vox Media Holdings, Inc.

 

Warrant

 

June 25, 2025

 

June 25, 2035

 

Class A Common Stock

 

 

1,580,142

 

 

$

0.37

 

 

$

464

 

 

$

55

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Marketing, Media, and Entertainment (0.2%)*

 

 

 

 

 

 

 

 

 

 

$

5,493

 

 

$

2,792

 

 

 

 

27

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Devices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apiject Holdings, Inc.

 

Warrant

 

June 24, 2024

 

June 24, 2034

 

Common Stock

 

 

937,604

 

 

$

0.01

 

 

$

612

 

 

$

—

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cala Health, Inc.

 

Warrant

 

February 24, 2026

 

February 24, 2036

 

Preferred Series C-1

 

 

1,201,826

 

 

$

0.33

 

 

$

99

 

 

$

60

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Convergent Dental, Inc.

 

Warrant

 

April 21, 2023

 

April 21, 2033

 

Preferred Series D

 

 

446,982

 

 

$

1.61

 

 

$

493

 

 

$

160

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delphinus, Inc.

 

Warrant

 

June 22, 2023

 

June 22, 2033

 

Preferred Series E

 

 

294,288

 

 

$

0.69

 

 

$

29

 

 

$

9

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elucent Medical, Inc.

 

Warrant

 

October 31, 2024

 

October 31, 2034

 

Preferred Series C-2

 

 

1,628,141

 

 

$

0.30

 

 

$

144

 

 

$

174

 

 

 (9)(16)

 

Warrant

 

January 15, 2026

 

October 31, 2034

 

Preferred Series C-2

 

 

1,085,428

 

 

$

0.30

 

 

 

62

 

 

 

116

 

 

 (9)(16)

 

Warrant

 

June 30, 2026

 

June 30, 2036

 

Preferred Series C-2

 

 

3,778,895

 

 

$

0.30

 

 

 

350

 

 

 

403

 

 

 (9)(16)

Total Elucent Medical, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

556

 

 

 

693

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emboline, Inc.

 

Warrant

 

March 3, 2026

 

March 3, 2036

 

Preferred Series D

 

 

93,225

 

 

$

3.93

 

 

$

41

 

 

$

39

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Iantrek, Inc.

 

Warrant

 

April 14, 2026

 

April 14, 2036

 

Preferred Series C-3

 

 

35,728

 

 

$

3.61

 

 

$

83

 

 

$

69

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lightforce Orthodontics, Inc.

 

Warrant

 

August 6, 2024

 

August 6, 2034

 

Preferred Series D

 

 

62,627

 

 

$

18.01

 

 

$

249

 

 

$

33

 

 

 (9)(16)

 

Warrant

 

September 25, 2024

 

August 6, 2034

 

Preferred Series D

 

 

10,438

 

 

$

18.01

 

 

 

37

 

 

 

5

 

 

 (9)(16)

Total Lightforce Orthodontics, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

286

 

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Neuros Medical, Inc.

 

Warrant

 

August 10, 2023

 

August 10, 2033

 

Preferred Series C

 

 

798,085

 

 

$

0.38

 

 

$

71

 

 

$

26

 

 

 (9)(16)

 

Warrant

 

August 30, 2024

 

August 10, 2033

 

Preferred Series C

 

 

399,042

 

 

$

0.38

 

 

 

39

 

 

 

13

 

 

 (9)(16)

Total Neuros Medical, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

110

 

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Okami Medical, Inc.

 

Warrant

 

June 24, 2025

 

June 24, 2035

 

Preferred Series F-1

 

 

38,529

 

 

$

2.86

 

 

$

46

 

 

$

31

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q'Apel Medical, Inc.

 

Warrant

 

July 2, 2026

 

July 2, 2036

 

Preferred Series B

 

 

521,606

 

 

$

1.05

 

 

$

164

 

 

$

131

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restor3d, Inc.

 

Warrant

 

June 4, 2024

 

June 4, 2034

 

Preferred Series A

 

 

95,688

 

 

$

5.01

 

 

$

51

 

 

$

16

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Route 92 Medical, Inc.

 

Warrant

 

September 29, 2026

 

September 29, 2036

 

Preferred Series F-2

 

 

73,167

 

 

$

7.13

 

 

$

442

 

 

$

451

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shoulder Innovations, Inc.

 

Warrant

 

August 7, 2023

 

August 7, 2033

 

Common Stock

 

 

32,684

 

 

$

10.33

 

 

$

120

 

 

$

407

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Medical Devices (0.2%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,132

 

 

$

2,143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Healthcare Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cellares Corporation

 

Warrant

 

August 2, 2024

 

August 2, 2034

 

Common Stock

 

 

243,868

 

 

$

4.77

 

 

$

841

 

 

$

1,216

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Genezen Holdings Inc.

 

Warrant

 

August 11, 2026

 

August 11, 2036

 

Common Stock

 

 

458,182

 

 

$

2.57

 

 

$

396

 

 

$

386

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Upward Health, Inc.

 

Warrant

 

August 6, 2024

 

August 6, 2034

 

Class A Common Stock

 

 

763,137

 

 

$

0.28

 

 

$

251

 

 

$

517

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metabolon, Inc.

 

Warrant

 

March 28, 2024

 

March 28, 2034

 

Preferred Series 3

 

 

2,288,461

 

 

$

0.65

 

 

$

644

 

 

$

243

 

 

 (16)

 

Warrant

 

October 1, 2024

 

March 28, 2034

 

Preferred Series 3

 

 

384,615

 

 

$

0.65

 

 

 

33

 

 

 

41

 

 

 (16)

 

Warrant

 

January 6, 2025

 

March 28, 2034

 

Preferred Series 3

 

 

192,308

 

 

$

0.65

 

 

 

23

 

 

 

20

 

 

 (16)

Total Metabolon, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

700

 

 

 

304

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Velentium, Inc.

 

Warrant

 

May 24, 2024

 

May 31, 2034

 

Class B Units

 

 

7,958

 

 

$

53.40

 

 

$

129

 

 

$

27

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Other Healthcare Services (0.2%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,317

 

 

$

2,450

 

 

 

 

28

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Homelight Lending, Inc.

 

Warrant

 

June 23, 2022

 

June 23, 2032

 

Common Stock

 

 

5,434

 

 

$

18.40

 

 

$

1

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Knockaway, Inc.

 

Warrant

 

January 16, 2020

 

May 24, 2029

 

Common Stock

 

 

880

 

 

$

85.27

 

 

$

209

 

 

$

—

 

 

 (21)

 

Warrant

 

November 10, 2021

 

November 10, 2031

 

Common Stock

 

 

16,350

 

 

$

2.20

 

 

 

265

 

 

 

—

 

 

 (21)

 

Warrant

 

September 29, 2023

 

September 29, 2033

 

Common Stock

 

 

2,804,355

 

 

$

0.01

 

 

 

—

 

 

 

—

 

 

 (21)

 

Warrant

 

December 6, 2023

 

December 6, 2033

 

Preferred Series AA

 

 

457,778

 

 

$

0.01

 

 

 

—

 

 

 

—

 

 

 (10)(16)(21)

 

Warrant

 

September 16, 2024

 

September 16, 2034

 

Preferred Series BB

 

 

93,951,849

 

 

$

0.00

 

 

 

2,391

 

 

 

—

 

 

 (16)(21)

 

Warrant

 

September 27, 2023

 

September 27, 2033

 

Preferred Series AA-1

 

 

5,084,804

 

 

$

0.09

 

 

 

—

 

 

 

—

 

 

 (16)(21)

Total Knockaway, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,865

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orchard Technologies, Inc.

 

Warrant

 

February 12, 2024

 

February 12, 2034

 

Preferred Series 1

 

 

228,000

 

 

$

0.01

 

 

$

—

 

 

$

200

 

 

 (16)(21)

 

Warrant

 

February 12, 2025

 

February 12, 2034

 

Preferred Series 1

 

 

228,000

 

 

$

0.01

 

 

 

126

 

 

 

200

 

 

 (16)(21)

Total Orchard Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

126

 

 

 

400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Real Estate Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,992

 

 

$

400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SaaS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cart.com, Inc.

 

Warrant

 

November 17, 2023

 

November 17, 2033

 

Common Stock

 

 

31,572

 

 

$

15.87

 

 

$

440

 

 

$

662

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cpacket Networks, Inc.

 

Warrant

 

January 29, 2024

 

January 29, 2034

 

Class B Common Stock

 

 

499,366

 

 

$

0.26

 

 

$

166

 

 

$

101

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crowdtap, Inc.

 

Warrant

 

January 16, 2020

 

December 11, 2027

 

Preferred Series B

 

 

100,000

 

 

$

1.09

 

 

$

9

 

 

$

48

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reciprocity, Inc.

 

Warrant

 

September 25, 2020

 

September 25, 2030

 

Common Stock

 

 

114,678

 

 

$

4.17

 

 

$

99

 

 

$

—

 

 

 

Warrant

 

April 29, 2021

 

April 29, 2031

 

Common Stock

 

 

57,195

 

 

$

4.17

 

 

 

54

 

 

 

—

 

 

Total Reciprocity, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

153

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Silk Technologies, Inc.

 

Warrant

 

November 4, 2024

 

November 4, 2034

 

Common Stock

 

 

204,760

 

 

$

1.98

 

 

$

433

 

 

$

446

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smartly, Inc.

 

Warrant

 

May 16, 2022

 

May 16, 2034

 

Common Stock

 

 

48,097

 

 

$

1.10

 

 

$

84

 

 

$

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steno Agency, Inc.

 

Warrant

 

June 21, 2024

 

June 21, 2034

 

Common Stock

 

 

55,818

 

 

$

1.98

 

 

$

136

 

 

$

240

 

 

 (9)

 

Warrant

 

May 16, 2025

 

June 21, 2034

 

Common Stock

 

 

54,476

 

 

$

1.98

 

 

 

164

 

 

 

234

 

 

 (9)

Total Steno Agency, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

300

 

 

 

474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Tomorrow Companies, Inc.

 

Warrant

 

December 14, 2022

 

December 14, 2032

 

Common Stock

 

 

40,174

 

 

$

1.32

 

 

$

49

 

 

$

81

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: SaaS (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,634

 

 

$

1,886

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Astranis Space Technology Corporation

 

Warrant

 

April 13, 2023

 

April 13, 2033

 

Common Stock

 

 

85,644

 

 

$

7.89

 

 

$

83

 

 

$

995

 

 

 (9)

 

Warrant

 

September 27, 2024

 

September 27, 2034

 

Common Stock

 

 

156,677

 

 

$

2.27

 

 

 

683

 

 

 

2,136

 

 

 (9)

 

Warrant

 

June 26, 2025

 

June 26, 2035

 

Common Stock

 

 

39,557

 

 

$

0.01

 

 

 

191

 

 

 

575

 

 

 (9)

 

Warrant

 

August 25, 2025

 

August 25, 2035

 

Common Stock

 

 

422,048

 

 

$

2.33

 

 

 

1,604

 

 

 

5,744

 

 

 (9)

Total Astranis Space Technology Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,561

 

 

 

9,450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Axiom Space, Inc.

 

Warrant

 

May 28, 2021

 

May 28, 2031

 

Common Stock

 

 

1,773

 

 

$

169.24

 

 

$

121

 

 

$

24

 

 

 

Warrant

 

May 28, 2021

 

May 28, 2031

 

Common Stock

 

 

882

 

 

$

340.11

 

 

 

39

 

 

 

6

 

 

Total Axiom Space, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

160

 

 

 

30

 

 

 

 

29

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hermeus Corporation

 

Warrant

 

August 9, 2022

 

August 9, 2032

 

Common Stock

 

 

19,286

 

 

$

6.24

 

 

$

144

 

 

$

222

 

 

 (9)

 

Warrant

 

March 20, 2026

 

March 20, 2036

 

Common Stock

 

 

41,600

 

 

$

8.83

 

 

 

450

 

 

 

429

 

 

 (9)

Total Hermeus Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

594

 

 

 

651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impulse Space, Inc.

 

Warrant

 

June 18, 2024

 

June 18, 2034

 

Common Stock

 

 

27,893

 

 

$

1.91

 

 

$

113

 

 

$

1,850

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Slingshot Aerospace, Inc.

 

Warrant

 

July 12, 2024

 

July 12, 2036

 

Common Stock

 

 

328,416

 

 

$

0.46

 

 

$

400

 

 

$

172

 

 

 (9)

 

Warrant

 

August 26, 2026

 

August 26, 2036

 

Common Stock

 

 

202,703

 

 

$

0.68

 

 

 

423

 

 

 

94

 

 

 (9)

Total Slingshot Aerospace, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

823

 

 

 

266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kymeta Corporation

 

Warrant

 

July 3, 2024

 

July 3, 2034

 

Common Stock

 

 

3,995,407

 

 

$

0.11

 

 

$

331

 

 

$

68

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Space Technology (0.9%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,582

 

 

$

12,315

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supply Chain Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Macrofab, Inc.

 

Warrant

 

January 14, 2025

 

July 21, 2035

 

Preferred Series C-1

 

 

311,176

 

 

$

0.01

 

 

$

166

 

 

$

2

 

 

 (16)

 

Warrant

 

January 14, 2025

 

January 29, 2034

 

Preferred Series C-1

 

 

392,157

 

 

$

0.01

 

 

 

254

 

 

 

3

 

 

 (16)

 

Warrant

 

January 14, 2025

 

April 11, 2036

 

Preferred Series C-1

 

 

161,006

 

 

$

0.01

 

 

 

64

 

 

 

1

 

 

 (16)

 

Warrant

 

January 14, 2025

 

July 21, 2035

 

Preferred Series C-1

 

 

311,177

 

 

$

0.01

 

 

 

166

 

 

 

2

 

 

 (16)

 

Warrant

 

January 14, 2025

 

April 11, 2036

 

Preferred Series C-1

 

 

161,007

 

 

$

0.01

 

 

 

64

 

 

 

1

 

 

 (16)

 

Warrant

 

January 14, 2025

 

January 14, 2035

 

Preferred Series C-1

 

 

247,173

 

 

$

0.01

 

 

 

151

 

 

 

2

 

 

 (16)

Total Macrofab, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

865

 

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nucleus RadioPharma, Inc.

 

Warrant

 

June 4, 2024

 

June 4, 2034

 

Common Stock

 

 

43,086

 

 

$

1.99

 

 

$

68

 

 

$

—

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Supply Chain Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

933

 

 

$

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transportation Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Get Spiffy, Inc.

 

Warrant

 

July 14, 2023

 

July 14, 2033

 

Common Stock

 

 

874,527

 

 

$

0.70

 

 

$

408

 

 

$

—

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NextCar Holding Company, Inc.

 

Warrant

 

December 14, 2021

 

December 14, 2026

 

Class A Common Stock

 

 

6,211

 

 

$

64.42

 

 

$

35

 

 

$

—

 

 

 

Warrant

 

February 23, 2022

 

February 23, 2027

 

Class A Common Stock

 

 

486

 

 

$

64.42

 

 

 

3

 

 

 

—

 

 

 

Warrant

 

March 16, 2022

 

March 16, 2027

 

Class A Common Stock

 

 

583

 

 

$

64.42

 

 

 

3

 

 

 

—

 

 

 

Warrant

 

April 18, 2022

 

April 18, 2027

 

Class A Common Stock

 

 

5,336

 

 

$

64.42

 

 

 

7

 

 

 

—

 

 

 

Warrant

 

September 29, 2022

 

September 29, 2027

 

Preferred Series A-2

 

 

1,224,752

 

 

$

0.22

 

 

 

170

 

 

 

—

 

 

 (16)

Total NextCar Holding Company, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

218

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uveye, Inc.

 

Warrant

 

December 26, 2024

 

December 26, 2034

 

Ordinary

 

 

476,031

 

 

$

4.38

 

 

$

539

 

 

$

3,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Transportation Technology (0.3%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,165

 

 

$

3,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Warrant Investments- United States (6.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

51,554

 

 

$

78,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Investments- Canada

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Koho Financial, Inc.

 

Warrant

 

September 15, 2026

 

September 15, 2036

 

Common Stock

 

 

150,051

 

 

$

14.60

 

 

$

1,109

 

 

$

1,044

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial Technology (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,109

 

 

$

1,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earthdaily Constellation Holdings, LP

 

Warrant

 

June 10, 2025

 

June 10, 2035

 

Class B Common Stock

 

 

1,736,139

 

 

$

0.81

 

 

$

971

 

 

$

62

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Space Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

971

 

 

$

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Warrant Investments- Canada (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,080

 

 

$

1,106

 

 

 

 

30

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Expiration Date

 

Series

 

Shares

 

 

Strike Price

 

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Warrant Investments- Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products & Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Motorway Online, Ltd

 

Warrant

 

December 23, 2025

 

December 23, 2035

 

Ordinary

 

 

172,869

 

 

£

0.01

 

 

$

391

 

 

$

347

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Total: Consumer Products & Services (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

391

 

 

$

347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unmind LTD

 

Warrant

 

July 7, 2025

 

July 7, 2035

 

Ordinary

 

 

122,340

 

 

$

5.09

 

 

$

518

 

 

$

223

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Healthcare Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

518

 

 

$

223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aledia, Inc.

 

Warrant

 

March 31, 2022

 

March 31, 2032

 

Ordinary

 

 

11,771

 

 

€

149.02

 

 

$

130

 

 

$

7

 

 

 (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Industrials (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

130

 

 

$

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Devices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMR Surgical Limited

 

Warrant

 

March 24, 2025

 

March 24, 2030

 

Ordinary

 

 

7,520

 

 

£

0.01

 

 

$

122

 

 

$

99

 

 

 (9)(10)

 

Warrant

 

December 16, 2025

 

March 24, 2030

 

Ordinary

 

 

3,008

 

 

£

0.01

 

 

 

127

 

 

 

40

 

 

 (9)(10)

 

Warrant

 

June 2, 2026

 

March 24, 2030

 

Ordinary

 

 

3,008

 

 

£

0.01

 

 

 

100

 

 

 

40

 

 

 (9)(10)

Total CMR Surgical Limited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

349

 

 

 

179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Medical Devices (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

349

 

 

$

179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Healthcare Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zandivio PLC

 

Warrant

 

October 29, 2024

 

October 29, 2034

 

Common Stock

 

 

132,042

 

 

€

0.01

 

 

$

771

 

 

$

288

 

 

 (9)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Other Healthcare Services (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

771

 

 

$

288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prospire Technologies LTD

 

Warrant

 

January 29, 2026

 

January 29, 2036

 

Preferred Series A1

 

 

3,831

 

 

£

50.69

 

 

$

62

 

 

$

146

 

 

 (10)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Real Estate Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

62

 

 

$

146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All.Space Networks, Limited.

 

Warrant

 

August 19, 2022

 

August 19, 2032

 

Common Stock

 

 

35,602

 

 

$

21.79

 

 

$

113

 

 

$

—

 

 

 (10)

 

Warrant

 

August 22, 2024

 

August 22, 2034

 

Common Stock

 

 

35,601

 

 

$

8.90

 

 

 

1

 

 

 

—

 

 

 (10)

Total All.Space Networks, Limited.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

114

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Space Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

114

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Warrant Investments- Europe (0.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,335

 

 

$

1,190

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total: Warrant Investments- (6.1%)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

55,969

 

 

$

81,213

 

 

 

 

31

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

 

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Shares / Principal

 

 

Series

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Equity Investments- United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AI , Automation, & Robotics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabernet AI, Inc.

 

Equity

 

February 27, 2025

 

$

500

 

 

SAFE Note

 

$

500

 

 

$

500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Path Robotics, Inc.

 

Equity

 

April 28, 2026

 

 

118,627

 

 

Preferred Series D-2

 

$

920

 

 

$

1,569

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: AI Automation (0.2%)*

 

 

 

 

 

 

 

 

 

 

$

1,420

 

 

$

2,069

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AI Infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydra Host, Inc.

 

Equity

 

March 4, 2026

 

 

40,912

 

 

Preferred Series A-1

 

$

1,000

 

 

$

980

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Together Computer, Inc.

 

Equity

 

May 15, 2026

 

 

2,418

 

 

Preferred Series C

 

$

500

 

 

$

494

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trin H OpCo I LLC

 

Equity

 

April 28, 2026

 

 

—

 

 

Member Interest

 

$

8,831

 

 

$

8,886

 

 

 (20)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: AI Infrastructure (0.8%)*

 

 

 

 

 

 

 

 

 

 

$

10,331

 

 

$

10,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Connectivity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tarana Wireless, Inc.

 

Equity

 

March 16, 2022

 

 

611,246

 

 

Preferred Senior Series 6

 

$

500

 

 

$

410

 

 

 (16)

 

Equity

 

October 9, 2025

 

 

361,231

 

 

Preferred Series 8

 

 

385

 

 

 

588

 

 

 (9)(16)

Total Tarana Wireless, Inc.

 

 

 

 

 

 

 

 

 

 

 

885

 

 

 

998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vertical Communications, Inc.

 

Equity

 

January 16, 2020

 

 

3,892,485

 

 

Preferred Series 1

 

$

—

 

 

$

—

 

 

 (11)(16)(21)

 

Equity

 

January 16, 2020

 

$

5,500

 

 

Convertible Note

 

 

3,966

 

 

 

—

 

 

 (15)(21)

Total Vertical Communications, Inc.

 

 

 

 

 

 

 

 

 

 

 

3,966

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Connectivity (0.1%)*

 

 

 

 

 

 

 

 

 

 

$

4,851

 

 

$

998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Frog, Inc.

 

Equity

 

January 16, 2020

 

 

4,383,497

 

 

Preferred Series AA-1

 

$

352

 

 

$

50

 

 

 (16)(21)

 

Equity

 

January 16, 2020

 

 

3,401,678

 

 

Preferred Series BB

 

 

1,333

 

 

 

72

 

 

 (16)(21)

 

Equity

 

August 3, 2021

 

 

6,633,486

 

 

Common Stock

 

 

1,684

 

 

 

59

 

 

 (21)

 

Equity

 

August 3, 2021

 

 

3,129,887

 

 

Preferred Series CC

 

 

1,253

 

 

 

110

 

 

 (16)(21)

Total Project Frog, Inc.

 

 

 

 

 

 

 

 

 

 

 

4,622

 

 

 

291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Construction Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

4,622

 

 

$

291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products & Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portofino Labs, Inc.

 

Equity

 

November 1, 2021

 

 

256,291

 

 

Preferred Series B-1

 

$

500

 

 

$

284

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quip NYC, Inc.

 

Equity

 

August 17, 2021

 

 

3,321

 

 

Common Stock

 

$

500

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rinse, Inc.

 

Equity

 

December 30, 2024

 

 

290,242

 

 

Preferred Series D

 

$

500

 

 

$

486

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Consumer Products & Services (0.1%)*

 

 

 

 

 

 

 

 

 

 

$

1,500

 

 

$

770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Education Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

iTutor.com, Inc.

 

Equity

 

March 9, 2026

 

 

1,200,000

 

 

Preferred Series A-2

 

$

982

 

 

$

974

 

 

 (9)(16)(21)

 

Equity

 

March 9, 2026

 

 

4,653,709

 

 

Preferred Series 1B-1

 

 

4,810

 

 

 

4,773

 

 

 (9)(16)(21)

Total iTutor.com, Inc.

 

 

 

 

 

 

 

 

 

 

 

5,792

 

 

 

5,747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Education Technology (0.4%)*

 

 

 

 

 

 

 

 

 

 

$

5,792

 

 

$

5,747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy & Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crusoe Energy Systems LLC

 

Equity

 

November 6, 2024

 

 

11,140

 

 

Preferred Series D-1

 

$

325

 

 

$

1,421

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edeniq, Inc.

 

Equity

 

January 16, 2020

 

 

1,561

 

 

Preferred Series B

 

$

—

 

 

$

2,723

 

 

 (11)(16)(21)

 

Equity

 

January 16, 2020

 

 

731

 

 

Preferred Series C

 

 

—

 

 

 

1,553

 

 

 (11)(16)(21)

 

Equity

 

January 16, 2020

 

 

26,753

 

 

Preferred Series D

 

 

—

 

 

 

5,843

 

 

 (11)(16)(21)

 

Equity

 

March 24, 2026

 

 

436

 

 

Preferred Series B

 

 

22

 

 

 

761

 

 

 (16)(21)

 

Equity

 

March 24, 2026

 

 

770

 

 

Preferred Series C

 

 

38

 

 

 

1,635

 

 

 (16)(21)

 

Equity

 

March 24, 2026

 

 

30,981

 

 

Preferred Series D

 

 

2,003

 

 

 

6,766

 

 

 (16)(21)

Total Edeniq, Inc.

 

 

 

 

 

 

 

 

 

 

 

2,063

 

 

 

19,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric Hydrogen Co.

 

Equity

 

April 6, 2023

 

 

87,112

 

 

Preferred Series C

 

$

500

 

 

$

261

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mainspring Energy, Inc.

 

Equity

 

March 30, 2022

 

 

65,614

 

 

Preferred Series E-1

 

$

500

 

 

$

304

 

 

 (16)

 

32

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Shares / Principal

 

 

Series

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Equity Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RTS Holding, Inc.

 

Equity

 

July 5, 2022

 

 

2,035

 

 

Preferred Series E-1D

 

$

334

 

 

$

257

 

 

 (9)(16)

 

Equity

 

February 15, 2023

 

 

1,966

 

 

Preferred Series E-1D1

 

 

405

 

 

 

256

 

 

 (9)(16)

 

Equity

 

February 7, 2025

 

 

2,054

 

 

Preferred Series E-1

 

 

328

 

 

 

220

 

 

 (9)(16)

Total RTS Holding, Inc.

 

 

 

 

 

 

 

 

 

 

 

1,067

 

 

 

733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Torus Inc.

 

Equity

 

June 26, 2026

 

 

14,435

 

 

Preferred Series C

 

$

315

 

 

$

305

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Energy & Resource Technology (1.7%)*

 

 

 

 

 

 

 

 

 

 

$

4,770

 

 

$

22,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dynamics, Inc.

 

Equity

 

January 16, 2020

 

 

17,726

 

 

Preferred Series A

 

$

390

 

 

$

—

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment Leasing Services, LLC

 

Equity

 

January 30, 2026

 

 

1,000

 

 

Member Interest

 

$

9,486

 

 

$

9,493

 

 

 (21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Slope Tech, Inc.

 

Equity

 

June 20, 2023

 

 

64,654

 

 

Preferred Series A-3

 

$

500

 

 

$

381

 

 

 (10)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tilt Finance, Inc. (dba Empower Financial, Inc.)

 

Equity

 

May 16, 2024

 

 

2,810,235

 

 

Preferred Series C

 

$

20,000

 

 

$

33,203

 

 

 (16)

 

Equity

 

May 15, 2024

 

 

146,905

 

 

Common Stock

 

 

1,968

 

 

 

1,634

 

 

Total Tilt Finance, Inc. (dba Empower Financial, Inc.)

 

 

 

 

 

 

 

 

 

 

 

21,968

 

 

 

34,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Upgrade Master Pass - Thru Trust

 

Equity

 

August 11, 2025

 

$

7,000

 

 

Series 2025-ST5

 

$

3,550

 

 

$

3,606

 

 

 (10)

 

Equity

 

October 17, 2025

 

$

12,000

 

 

Series 2025-ST7

 

 

6,569

 

 

 

6,816

 

 

 (10)

 

Equity

 

November 19, 2025

 

$

10,000

 

 

Series 2025-ST8

 

 

5,784

 

 

 

6,048

 

 

 (10)

 

Equity

 

February 9, 2026

 

$

3,000

 

 

Series 2026-ST1

 

 

2,073

 

 

 

2,094

 

 

 (10)

 

Equity

 

August 31, 2026

 

$

3,000

 

 

Series 2026-ST4

 

 

9,240

 

 

 

9,240

 

 

 (10)

Total Upgrade Master Pass - Thru Trust

 

 

 

 

 

 

 

 

 

 

 

27,216

 

 

 

27,804

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Financial Technology (5.5%)*

 

 

 

 

 

 

 

 

 

 

$

59,560

 

 

$

72,515

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Food and Agriculture Technologies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emergy, Inc.

 

Equity

 

October 30, 2025

 

 

348

 

 

Common Stock

 

$

755

 

 

$

581

 

 

 (9)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Athletic Brewing Company, LLC

 

Equity

 

August 1, 2024

 

 

1,214

 

 

Class B Units

 

$

283

 

 

$

235

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Food and Agriculture Technologies (0.1%)*

 

 

 

 

 

 

 

 

 

 

$

1,038

 

 

$

816

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.Well Connected Health, Inc.

 

Equity

 

August 3, 2026

 

 

25,260

 

 

Preferred Series D

 

$

285

 

 

$

285

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dentologie Enterprises, Inc.

 

Equity

 

August 3, 2023

 

 

72,338

 

 

Common Stock

 

$

300

 

 

$

—

 

 

 (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerald Cloud Lab, Inc.

 

Equity

 

June 3, 2022

 

 

499,999

 

 

Preferred Series A

 

$

500

 

 

$

66

 

 

 (16)

 

Equity

 

April 29, 2024

 

 

617,890

 

 

Preferred Series B-1

 

 

129

 

 

 

72

 

 

 (16)

Total Emerald Cloud Lab, Inc.

 

 

 

 

 

 

 

 

 

 

629

 

 

 

138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lark Technologies, Inc.

 

Equity

 

August 19, 2021

 

 

32,416

 

 

Preferred Series D

 

$

500

 

 

$

114

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WorkWell Prevention & Care Inc.

 

Equity

 

January 16, 2020

 

 

7,000,000

 

 

Common Stock

 

$

51

 

 

$

—

 

 

 (21)

 

Equity

 

January 16, 2020

 

 

3,450

 

 

Preferred Series P

 

 

3,450

 

 

 

—

 

 

 (16)(21)

 

Equity

 

January 16, 2020

 

$

3,170

 

 

Convertible Note

 

 

3,219

 

 

 

—

 

 

 (15)(21)

Total WorkWell Prevention & Care Inc.

 

 

 

 

 

 

 

 

 

 

 

6,720

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Healthcare Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

8,434

 

 

$

537

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Human Resource Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nomad Health, Inc.

 

Equity

 

May 27, 2022

 

 

37,920

 

 

Common Stock

 

$

500

 

 

$

—

 

 

 (21)

 

Equity

 

September 30, 2025

 

 

16,314,426

 

 

Preferred Series AA-1

 

 

3,781

 

 

 

—

 

 

 (16)(21)

 

Equity

 

September 30, 2025

 

 

2,392,230

 

 

Preferred Series AAA

 

 

1,000

 

 

 

—

 

 

 (16)(21)

Total Nomad Health, Inc.

 

 

 

 

 

 

 

 

 

 

 

5,281

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Human Resource Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

5,281

 

 

$

—

 

 

 

 

33

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Shares / Principal

 

 

Series

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Equity Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Digilens, Inc.

 

Equity

 

July 29, 2023

 

 

2,460

 

 

Class B Common Stock

 

$

13

 

 

$

—

 

 

 

Equity

 

September 18, 2024

 

 

1,076

 

 

Class B Common Stock

 

 

8

 

 

 

—

 

 

 

Equity

 

January 12, 2024

 

 

1,382

 

 

Class B Common Stock

 

 

7

 

 

 

—

 

 

 

Equity

 

March 24, 2025

 

 

508

 

 

Class B Common Stock

 

 

4

 

 

 

—

 

 

 

Equity

 

October 10, 2023

 

 

717

 

 

Class B Common Stock

 

 

4

 

 

 

—

 

 

 

Equity

 

May 6, 2024

 

 

466

 

 

Class B Common Stock

 

 

4

 

 

 

—

 

 

 

Equity

 

June 9, 2024

 

 

296

 

 

Class B Common Stock

 

 

2

 

 

 

—

 

 

 

Equity

 

May 20, 2024

 

 

14,339

 

 

Class B Common Stock

 

 

110

 

 

 

—

 

 

 

Equity

 

March 26, 2025

 

 

8,364

 

 

Class B Common Stock

 

 

65

 

 

 

—

 

 

Total Digilens, Inc.

 

 

 

 

 

 

 

 

 

 

 

217

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Industrials (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

217

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Centivo Corporation

 

Equity

 

December 20, 2024

 

 

128,393

 

 

Preferred Series B-1

 

$

375

 

 

$

109

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Openly Holdings Corp.

 

Equity

 

May 9, 2023

 

 

44,725

 

 

Preferred Series D-1 Prime

 

$

500

 

 

$

413

 

 

 (16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total:Insurance Technology (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

875

 

 

$

522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketing, Media, and Entertainment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Angel Studios, Inc.

 

Equity

 

April 13, 2026

 

 

457,143

 

 

Common Stock

 

$

960

 

 

$

2,135

 

 

 (7)(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Marketing, Media, and Entertainment (0.2%)*

 

 

 

 

 

 

 

 

 

 

$

960

 

 

$

2,135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Devices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elucent Medical, Inc.

 

Equity

 

April 10, 2026

 

 

1,356,783

 

 

Preferred Series C-2

 

$

405

 

 

$

425

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Medical Devices (0.0%)*

 

 

 

 

 

 

 

 

 

 

$

405

 

 

$

425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Sector Holdings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AZ-VC Fund I, LLC

 

Equity

 

June 30, 2022

 

 

—

 

 

Member Interest

 

$

800

 

 

$

778

 

 

 (7)(10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CapTrin Partners, LLC

 

Equity

 

April 22, 2026

 

 

—

 

 

Member Interest

 

$

28,500

 

 

$

28,440

 

 

 (7)(10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Desert Star 2026 LLC

 

Equity

 

September 25, 2026

 

 

—

 

 

Member Interest

 

$

56,000

 

 

$

56,000

 

 

 (10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct Lending 2025 LLC

 

Equity

 

September 24, 2025

 

 

—

 

 

Member Interest

 

$

12,612

 

 

$

12,901

 

 

 (7)(10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior Credit Corp 2022 LLC

 

Equity

 

January 30, 2023

 

 

—

 

 

Member Interest

 

$

5,522

 

 

$

5,944

 

 

 (7)(10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eagle Point Trinity Senior Secured Lending Company (fka EPT 16 LLC)

 

Equity

 

June 28, 2024

 

 

1,002,204

 

 

Common Stock

 

$

10,000

 

 

$

10,259

 

 

 (7)(10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trinity Capital Adviser LLC

 

Equity

 

June 28, 2024

 

 

—

 

 

Member Interest

 

$

1

 

 

$

11,365

 

 

 (21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trinity Capital SBIC LP

 

Equity

 

April 2, 2026

 

 

—

 

 

Member Interest

 

$

1,197

 

 

$

1,197

 

 

 (7)(10)(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Multi-Sector Holdings (9.6%)*

 

 

 

 

 

 

 

 

 

 

$

114,632

 

 

$

126,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Knockaway, Inc.

 

Equity

 

March 30, 2022

 

 

30,458

 

 

Common Stock

 

$

500

 

 

$

—

 

 

 (21)

 

Equity

 

September 29, 2023

 

 

2,956,224

 

 

Preferred Series AA

 

 

250

 

 

 

—

 

 

 (16)(21)

 

Equity

 

September 16, 2024

 

 

97,866,510

 

 

Preferred Series BB

 

 

2,500

 

 

 

—

 

 

 (16)(21)

 

Equity

 

September 7, 2023

 

 

3,409,997

 

 

Preferred Series AA-1

 

 

—

 

 

 

—

 

 

 (16)(21)

Total Knockaway Inc.

 

 

 

 

 

 

 

 

 

 

3,250

 

 

 

—

 

 

 

 

34

Table of Contents

TRINITY CAPITAL INC.

Consolidated Schedule of Investments

September 30, 2026

(In thousands, except share and per share data)

(Unaudited)

 

⚠️ Filing Content Truncated

This filing was too large to display in its entirety (original size: 31.75 MB). The content has been truncated to fit within database limits.

To view the complete filing, please visit the original source:

View Complete Filing on SEC Website

Filing: 10-Q - Trinity Capital Inc. (TRIN,TRNI,TRNZ)
Accession Number: 0001193125-26-446245

Portfolio Company (1)

 

Type of
Investment (2)

 

Investment Date (3)

 

Shares / Principal

 

 

Series

 

Cost

 

 

Fair Value (6)

 

 

Footnotes

Equity Investments- United States, Continued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orchard Technologies, Inc.

 

Equity

 

August 6, 2021

 

 

2,938

 

 

Preferred Series 2

 

$

29

 

 

$

—

 

 

 (16)(21)

 

Equity

 

March 16, 2023

 

 

97,060

 

 

Preferred Series 1

 

 

971

 

 

 

85

 

 

 (16)(21)

 

Equity

 

January 24, 2025

 

 

3,009

 

 

Preferred Series 1

 

 

1

 

 

 

3

 

 

 (16)(21)

 

Equity

 

January 26, 2026

 

 

22,379,709

 

 

Preferred Series E-1

 

 

2,929

 

 

 

2,154

 

 

 (16)(21)

 

Equity

 

January 26, 2026

 

 

40,656

 

 

Preferred Series E-1

 

 

5

 

 

 

4

 

 

 (16)(21)

Total Orchard Technologies, Inc.

 

 

 

 

 

 

 

 

 

 

 

3,935

 

 

 

2,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Place, Inc.

 

Equity

 

January 29, 2026

 

 

3,959,521

 

 

Common Stock

 

$

18,806

 

 

$

17,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-total: Real Estate Technology (1.5%)*

 

 

 

 

 

 

 

 

 

 

$

25,991

 

 

$

19,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SaaS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cart.com, Inc.

 

Equity

 

April 17, 2024

 

 

11,533

 

 

Preferred Series C

 

$

500

 

 

$

502

 

 

 (9)(16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consensus Sales, LLC

 

Equity

 

July 16, 2026

 

 

102,249

 

 

Class F Units

 

Source: View Original Filing on SEC EDGAR

Keep reading

More on TRNI

All TRNI news

Trending in the feed

AABB
Asia Broadband Explores Operational Restructuring and Rebranding to Create Additional Shareholder Value Open the live feed