secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001213900-24-027323
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000121390024027323/0001213900-24-027323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000121390024027323/ea0202784-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-027323

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