secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001013762-23-001222
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Capital adjusts convertible note conversion rate to 75.9145 shares/$1,000; price to $13.17
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- Conversion rate increased from 74.6205 to 75.9145 shares per $1,000 principal due to cash dividend.
- Conversion price adjusted from $13.40 to $13.17 per share effective Sept 29, 2023.
- Dividend of $0.54/share ($0.49 regular + $0.05 supplemental) with ex-dividend Sept 28, payable Oct 13.
- Adjustment triggered because dividend exceeded $0.30/share threshold in the indenture.
- Holder and trustee notification to follow per terms of second supplemental indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000101376223001222/0001013762-23-001222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000101376223001222/ea162899_8k.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-001222

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