Business
Trinity Capital Inc. Announces Pricing of $55.0 Million of Shares in Upsized Offering of Common Stock
PHOENIX, Aug. 15, 2022 /PRNewswire/ -- Trinity Capital Inc. ("Trinity") (NASDAQ: TRIN, TRINL), an internally managed business development company, today
About this update from Trinity Capital Inc.
[{"type":"text","content":"PHOENIX, Aug. 15, 2022 /PRNewswire/ -- Trinity Capital Inc. (\"Trinity\") (NASDAQ: TRIN, TRINL), an internally managed business development company, today announced that it has priced an underwritten public offering of $55.0 million of shares of its common stock at a public offering price of $15.33 per share. The offering was upsized from its announced offering size of $50.0 million of its shares. In connection with the proposed offering, Trinity has granted the underwriters a 30-day option to purchase up to 538,160 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. The shares of common stock are expected to be delivered on August 18, 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, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as joint-lead book-running managers for the offering. Goldman Sachs & Co. LLC is acting as a joint book-running manager for the offering. Oppenheimer & Co., Ladenburg Thalmann and Compass Point are acting as co-managers for the offering.\nThe shares are being 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 August 15, 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...