secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001213900-23-053521
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Capital adjusts convertible note conversion rate to 74.6205 shares due to $0.53 dividend; board declassified
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- Conversion rate on 6.00% Convertible Notes due 2025 adjusted to 74.6205 shares per $1,000 principal (from 73.3359); conversion price to $13.40 (from $13.64).
- Triggered by $0.53/share cash dividend ($0.48 regular + $0.05 supplemental) payable July 14, 2023; ex-dividend date June 29.
- Board of Directors declassified effective June 28, 2023 with four-year sunset, approved by stockholders on June 14, 2023.
- Amendment to Articles of Amendment and Restatement filed with Maryland State Department of Assessments and Taxation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000121390023053521/0001213900-23-053521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000121390023053521/ea157258_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-053521

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