secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065026
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Capital Q1 total investment income $65.4M (+29.5% YoY); NII $0.52/share; NAV $13.05
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- Net investment income $32.4M ($0.52 per share) vs $25.2M ($0.54) in Q1 2024; $2.2M realized loss from one equipment financing workout.
- Portfolio grew to $1.79B fair value across 155 companies; gross fundings $220.4M, exits/repayments $157.1M.
- Net Asset Value $833.4M, down $0.30 per share to $13.05 due to early extinguishment of 6% Convertible Notes; leverage 116%.
- Non-accrual loans at 0.9% of debt portfolio; weighted average risk rating 2.9 (unchanged).
- Subsequent to quarter, raised $10.5M net from ATM stock sales (752,845 shares at $14.15 avg) and $0.5M debt ATM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/0000950170-25-065026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065026

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