other material
confidence high
sentiment neutral
materiality 0.70
TriplePoint Venture Growth BDC raises ~$49.8M in public offering of 3.5M shares
TriplePoint Venture Growth BDC Corp.
- Entered underwriting agreement Aug 4, 2022 for 3,500,000 common shares (plus 562,500 option).
- Net proceeds of approximately $49.766 million after underwriting discounts and estimated expenses.
- Initially used to repay outstanding debt under credit facility; later re-borrowed for investments.
- Underwriters: Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC.
- Offering closed on August 9, 2022.