secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0000950170-24-069376
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Capital exits Core Scientific equity position, realizes 17.7% IRR on $30M financing
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- Trinity received 5,640,373 Core Scientific shares in satisfaction of $28.3M bankruptcy claim.
- Shares sold at weighted avg price of $5.13/share, generating $29.0M in proceeds.
- 17.7% internal rate of return on original $30M equipment financing provided in 2021.
- Core Scientific entered Chapter 11 in Dec 2022 and exited bankruptcy in Jan 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000095017024069376/0000950170-24-069376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000095017024069376/trin-20240605.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-069376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer