PHOENIX, Feb. 2, 2021 /PRNewswire/ — Trinity Capital Inc. (Nasdaq: TRIN) (“Trinity”), an internally managed enterprise growth firm, right now introduced that it closed its preliminary public providing of 8,481,565 shares of its frequent inventory, at a value to the general public of $14.00 per share, on February 2, 2021, of which 8,006,291 shares had been bought by Trinity and 475,274 shares had been bought by sure promoting stockholders. The variety of shares bought by Trinity included the complete train by the underwriters of their choice to buy 1,106,291 extra shares of frequent inventory from Trinity. Trinity’s shares of frequent inventory started buying and selling on the Nasdaq International Choose Market on January 29, 2021 underneath the ticker image “TRIN.”
Trinity acquired web proceeds from the providing of roughly $105.4 million, after deducting underwriting reductions and commissions, which it intends to make use of to pay down a portion of its current indebtedness excellent underneath its credit score settlement, to make investments in accordance with its funding goal and for normal company functions.
Keefe, Bruyette & Woods, A Stifel Firm, Wells Fargo Securities and UBS Funding Financial institution acted as joint book-running managers for the providing. Janney Montgomery Scott, B. Riley Securities, Ladenburg Thalmann and Compass Level acted as co-managers for the providing.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction during which such provide, solicitation or sale could be illegal previous to the registration or qualification underneath the securities legal guidelines of any such state or different jurisdiction.
About Trinity Capital Inc.
Trinity, an internally managed specialty lending firm that has elected to be regulated as a enterprise growth firm underneath the Funding Firm Act of 1940, as amended, is a number one supplier of debt, together with loans and gear financing, to development stage firms, together with venture-backed firms and corporations with institutional fairness buyers. Trinity’s funding goal is to generate present revenue and, to a lesser extent, capital appreciation via investments consisting primarily of time period loans and gear financings and, to a lesser extent, working capital loans, fairness and equity-related investments. Trinity believes it’s considered one of solely a choose group of specialty lenders that has the depth of data, expertise, and observe document in lending to development stage firms.
This press launch could include “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Statements aside from statements of historic info included on this press launch could represent forward-looking statements and will not be ensures of future efficiency or outcomes and contain a lot of dangers and uncertainties, together with the impression of the COVID-19 pandemic on the financial system, monetary markets, our enterprise, our portfolio firms and our business. Precise outcomes could differ materially from these within the forward-looking statements because of a lot of components, together with these described every now and then in filings with the Securities and Alternate Fee. Trinity undertakes no obligation to replace any forward-looking assertion made herein. All forward-looking statements communicate solely as of the date of this press launch.
SOURCE Trinity Capital Inc.