other material
confidence high
sentiment neutral
materiality 0.30
Trinity Capital adjusts conversion rate on 6.00% Convertible Notes due 2025 to $13.00/share
Trinity Capital Inc.
- Conversion rate increased to 76.9453 shares per $1,000 principal from 75.9145 shares.
- Conversion price adjusted to $13.00/share from $13.17/share.
- Triggered by $0.50/share cash dividend exceeding the $0.30/share threshold in the indenture.
- Dividend payable Jan 12, 2024 to holders of record Dec 29, 2023 (ex-div Dec 28, 2023).