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Trinity Capital Inc. Provides $30 Million in Growth Capital to Slingshot Aerospace
PHOENIX, Sept. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to
About this update from Trinity Capital Inc.
[{"type":"text","content":"PHOENIX, Sept. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) (\"Trinity\"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $30 million in growth capital to Slingshot Aerospace (\"Slingshot\"), a leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation.\n\n \n \n \n \n \n \n\n \nBased in El Segundo, CA, Slingshot builds mission-critical solutions for training, planning, and operations by creating a common operating picture of the entire space domain. Slingshot's platform provides a unified, holistic, and dynamic view of space for government and commercial space operators to enhance their space situational awareness, improve their operational efficiency, and reduce risk on orbit.\n\"As space becomes more crowded, platforms like Slingshot are becoming increasingly vital to conducting in-orbit operations,\" said Ryan Thompson, Managing Director, Tech Lending at Trinity. \"We are thrilled to partner with the team at Slingshot, whose innovative technology, data, and insights strive to make space safer and more secure.\"\nThe new debt facility from Trinity will allow Slingshot to continue to scale operations and fund key growth initiatives.\n\"Trinity is the ideal partner for Slingshot as we rapidly scale our business to meet the market demand for our solutions,\" said Tim Solms, CEO of Slingshot Aerospace.\nAbout Trinity Capital Inc.\nTrinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.\nAbout Slingshot Aerospace\nSlingshot Aerospace provides government and commercial partners around the world with AI-powered solutions for satellite tracking, space traffic coordination, and s...