Trinity Capital adjusts conversion rate on 6.00% Notes due 2025 to 78.0543 shares/$1,000

Trinity Capital Inc.

Conversion rate of 6.00% Convertible Notes due 2025 adjusted to 78.0543 shares per $1,000 principal (from 76.9453) due to $0.51/share dividend.
New conversion price is $12.81/share, down from $13.00/share, effective after March 28, 2024 close.
Dividend of $0.51/share payable April 15, 2024 to holders of record March 28, 2024; ex-dividend date March 27, 2024.
Adjustment triggered because quarterly dividend ($0.51) exceeded the initial threshold of $0.30 per share in the second supplemental indenture.

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