other
confidence high
sentiment neutral
materiality 0.25
Trinity Capital adjusts conversion rate for 6.00% Convertible Notes due 2025 after $0.51 dividend
Trinity Capital Inc.
- Conversion rate adjusted to 79.2226 shares per $1,000 principal (from 78.0543).
- Conversion price lowered to $12.62 per share from $12.81 per share.
- Adjustment triggered by cash dividend of $0.51 per share exceeding the $0.30 threshold.
- Dividend payable on July 15, 2024 to holders of record as of June 28, 2024.