David Lund
to succeed the Company’s current CFO and Treasurer, David Lund.
Highest-materiality recent filing
Trinity Capital Q2 NII record $46.0M, up 32% YoY; NAV $13.47, ROAE 15.2%
Total investment income $87.2M (+25.5% YoY); NII $46.0M (+32.1% YoY) or $0.51 per share.
Trinity Capital to transfer stock and note listings from Nasdaq to NYSE and NYSE Texas
Common stock and two 7.875% Notes due 2029 to begin trading on NYSE and NYSE Texas on or about July 27, 2026.
Trinity Capital Q2 2026: $709M new commitments, $619M funded investments
New commitments of $709M in Q2 2026, bringing H1 2026 total to $1.1B.
Trinity Capital stockholders approve 100k share increase in director stock plan
Amendment to 2019 Non-Employee Director Restricted Stock Plan increases share pool from 120,000 to 220,000 shares.
Trinity Capital issues $300M 7.000% Notes due 2031, net proceeds ~$294.5M to repay secured debt
Issued $300M aggregate principal of 7.000% Notes due May 21, 2031, priced at par.
Trinity Capital Inc. establishes $300M at-the-market equity program with four sales agents
Entered into open market sale agreements with Jefferies, B. Riley, KBW, and Compass Point for up to $300M in common stock sales.
Trinity Capital Q1 NII $0.53/shr, up 37% YoY; NAV per share $13.27
Total inv income $90.1M (+37.8% YoY); NII $44.5M ($0.53/shr, +37.4% YoY).
Trinity Capital Q1 2026: $395M new commitments, $306M funded investments
New commitments of $395M: $304M secured loans, $75M equipment financing, $16M equity.
Q4 total investment income $83.2M (+17.5% YoY); NII record $39.9M ($0.52/shr).
Trinity Capital preliminarily estimates Q4 NII per share $0.51-$0.53 and NAV $13.36-$13.44
Q4 net investment income per share estimated $0.51-$0.53.
Trinity Capital reports record $2.1B new commitments, $1.5B funded investments in 2025
Q4 funded $435M total: $305M secured loans, $106M equipment financing, $24M warrants/equity.
Trinity Capital subsidiary enters $200M secured term loan agreement with KeyBank
TrinCap Term Funding, LLC, a wholly owned subsidiary, borrows $200M from KeyBank under a secured term loan facility.
Trinity Capital Q3 2025 total investment income $75.6M (+22.3% YoY), NAV $998M, record funding $471M
Total investment income $75.6M (+22.3% YoY); NII $37.0M ($0.52/share).
Trinity Capital Q3 new commitments $773M, funded $471M investments
Originated $773M in new commitments in Q3 2025, bringing YTD total to $1.5B.
Trinity Capital launches ATM program to sell up to $250M in common stock
Entered open market sale agreements with Jefferies, B. Riley, KBW, and Compass Point for up to $250M aggregate offering.
Trinity Capital Q2 total investment income $69.5M (+27.3% YoY); NAV $923.6M new high
Net investment income $34.8M ($0.53/share), up 30.3% YoY; ROAE 15.9%.
Trinity Capital originates $519M of new commitments in Q2 2025
New commitments of $519M in Q2 2025; $705M in H1 2025.
Trinity Capital issues $125M of 6.750% notes due 2030, net proceeds ~$121.23M to repay secured debt
$125M aggregate principal of 6.750% notes due July 3, 2030, interest payable semi-annually on Jan 3 and Jul 3.
Trinity Capital issues $125M of 6.750% Notes due 2030
$125M aggregate principal amount of 6.750% Notes due 2030 issued.
Trinity Capital stockholders re-elect Lockridge and Brown, ratify E&Y as auditor
Re-elected Irma Lockridge (18,880,146 for, 4,287,274 against) and Steven L. Brown (22,674,479 for, 499,662 against) as directors.
Trinity Capital Q1 total investment income $65.4M (+29.5% YoY); NII $0.52/share; NAV $13.05
Net investment income $32.4M ($0.52 per share) vs $25.2M ($0.54) in Q1 2024; $2.2M realized loss from one equipment financing workout.
Trinity Capital funds $220M in Q1 2025, originates $186M in new commitments
Total funded $220M: $148M secured loans, $71M equipment financings, $1M warrants/equity.
Trinity Capital enters amended employment agreements; CEO receives $1.88M retention bonus
CEO Kyle Brown base salary set at $750k; CFO Michael Testa hired at $500k base; Exec Chair & COO also receive updated terms.
Trinity Capital Q4 NII $0.58/sh, ROAE 17.4%; FY24 NII $2.20/sh, total investment income up 31% YoY
Q4 total investment income $70.8M (+48.1% YoY); NII $34.6M ($0.58/sh), a quarterly record.
Trinity Capital enters $100M ATM offering for 7.875% Notes due 2029
Entered open market sale agreement with B. Riley Securities for up to $100M principal of 7.875% Notes due 2029.
Trinity Capital prelim Q4 NII $0.58-$0.60/sh; NAV $13.32-$13.37
Net investment income per share prelim range $0.58-$0.60 for Q4 2024.
Trinity Capital funds record $1.2B in investments during 2024, new commitments of $1.6B
Funded $297M in Q4 2024; full-year total $1.2B, surpassing prior records.
Trinity Capital authorizes $30M stock repurchase program through Nov 2025
Board authorized up to $30 million common stock repurchase program.
Trinity Capital Q3: record NII $29.4M ($0.54/sh), total income $61.8M (+33% YoY), AUM $2.0B
Total investment income $61.8M (up 33% YoY); record NII $29.4M, or $0.54 per basic share.
Trinity Capital records $635M Q3 originations, $459M funded; total 9-month originations $1.2B
Record Q3 originations of $635M, funded $459M (including $406M secured loans, $39M equipment, $14M warrants/equity).
Trinity Capital Inc. enters into ATM sales agreements for up to $250M of common stock
Entered open market sale agreements with Jefferies, B. Riley, and KBW for at-the-market offering.
Trinity Capital Q2 2024: record NII $26.7M ($0.53/sh), AUM $1.7B up 36% YoY
Total investment income $54.6M (record, +18.7% YoY); NII $26.7M ($0.53/sh), up from $22.1M ($0.61/sh) on higher share count.
Commitment increased from $350M to $440M; accordion feature allows up to $690M.
Underwritten public offering of $100M aggregate principal of 7.875% Notes due 2029; over-allotment option for additional $15M.
Trinity Capital adjusts conversion rate for 6.00% Convertible Notes due 2025 after $0.51 dividend
Conversion rate adjusted to 79.2226 shares per $1,000 principal (from 78.0543).
Trinity Capital shareholders approve 5.8M share increase in LTIP, double director plan
Long-Term Incentive Plan shares increased from 3.6M to 9.4M; rules tightened on share reversion.
Trinity Capital exits Core Scientific equity position, realizes 17.7% IRR on $30M financing
Trinity received 5,640,373 Core Scientific shares in satisfaction of $28.3M bankruptcy claim.
Trinity Capital Q1 2024: record NII $25.2M, total investment income $50.5M, NAV $12.88
Record NII of $25.2M ($0.54/sh), up 30.1% YoY; total investment income $50.5M, up 21.5% YoY.
Trinity Capital to redeem $30M of its 7.00% Notes due 2025 on May 17
Redeeming $30M principal of $182.5M total outstanding 7.00% Notes (TRINL) due 2025.
Trinity Capital issues $115M 7.875% Notes due 2029; net proceeds ~$111.4M
Notes bear 7.875% interest, payable quarterly; mature March 30, 2029.
Trinity Capital adjusts conversion rate on 6.00% Notes due 2025 to 78.0543 shares/$1,000
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.
Trinity Capital Q4 NII record $25.1M, full-year NII $89.9M; dividend raised to $0.50
Q4 total investment income $47.8M (+15.2% YoY), NII $25.1M ($0.57/share), record quarterly.
Trinity Capital originates $831M in new commitments in 2023; record $642M funded
Q4 2023 originations $340.7M; full-year total new commitments $830.7M.
Trinity Capital names Michael Testa CFO, Lund stays for strategic growth
Michael Testa appointed CFO and Treasurer effective January 5, 2024, succeeding David Lund.
Trinity Capital adjusts conversion rate on 6.00% Convertible Notes due 2025 to $13.00/share
Conversion rate increased to 76.9453 shares per $1,000 principal from 75.9145 shares.
Trinity Capital enters ATM sales agreements for up to $145.7M of common stock
Entered into open market sale agreements with Jefferies LLC and B. Riley Securities as sales agents.
Trinity Capital Q3 NII $0.58/sh, NAV $13.17, dividend $0.54, CEO transition
Total investment income $46.4M (+20% YoY); NII $23.4M ($0.58/sh) vs $18.6M ($0.56/sh) YoY.
Trinity Capital adjusts convertible note conversion rate to 75.9145 shares/$1,000; price to $13.17
Conversion rate increased from 74.6205 to 75.9145 shares per $1,000 principal due to cash dividend.
Trinity Capital names Kyle Brown CEO; Steve Brown to become Executive Chairman
Kyle Brown, current President & CIO, will become CEO effective January 1, 2024.
Trinity Capital raises ~$72.5M in common stock offering; proceeds to repay KeyBank credit facility
Issued 5,190,312 shares of common stock at $14.45 per share, netting ~$72.5M after discounts and expenses.
to succeed the Company’s current CFO and Treasurer, David Lund.
the Trinity Capital Inc. (the “Company”) Board of Directors (the “Board”) unanimously elected Michael Testa as Chief Financial Officer (“CFO”) and Treasurer of the Company, effective immediately on January 5, 2024
The Board also unanimously elected Mr. S. Brown to assume the newly created role of Executive Chairman of the Company when he steps down as CEO on January 1, 2024.
unanimously elected Kyle Brown as Chief Executive Officer ("CEO") of the Company, effective January 1, 2024, to succeed the Company's current CEO, Steven L. Brown.
Also effective March 15, 2022, Ron Kundich, age 51, the Company’s Senior Managing Director, will assume the role of Chief Credit Officer, succeeding Mr. Harder in his role.
Effective March 15, 2022, Gerald “Gerry” Harder, age 60, will assume the role of Chief Operating Officer.
Max materiality 0.80 · Median 0.60 · Most common event other_material