Trinity Capital Inc. Announces Pricing of $50.0 Million of Shares of Common Stock

About this update from Trinity Capital Inc.

[{"type":"text","content":"PHOENIX, April 5, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (\"Trinity\"), an internally managed business development company, today announced that it has priced an underwritten public offering of $50.0 million of shares of its common stock at a public offering price of $18.15 per share. In connection with the proposed offering, Trinity has granted the underwriters a 30-day option to purchase up to 413,226 additional shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by Trinity. The completion of the offering is subject to customary closing conditions and the shares are expected to be delivered on April 7, 2022.\n\n \n \n \n \n \n \n\n \nTrinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility, to make investments in accordance with its investment objective and investment strategy, and for general corporate purposes.\nKeefe, Bruyette & Woods, A Stifel Company, Wells Fargo Securities and UBS Investment Bank are acting as joint- lead book-running managers for the offering. Goldman Sachs & Co. LLC is acting as a joint book-running manager in the offering. Oppenheimer & Co., B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc. and Compass Point are acting as co-managers for this offering.\nThe shares will be sold pursuant to an effective shelf registration statement on Form N-2 that has been filed with, and has been declared effective by, the Securities and Exchange Commission (SEC).\nInvestors are advised to carefully consider the investment objectives, risks and charges and expenses of Trinity before investing. The preliminary prospectus, dated April 4, 2022, and accompanying prospectus, dated January 27, 2022, each of which has been filed with the SEC, contain a description of these matters and other important information about Trinity and should be read carefully before investing.\nThis press release will not constitute an offer to sell or the solicitation of an offer to buy the securities described above nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction. Offers of these s...

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