Trinity Capital Inc.

General Information
Business:

Trinity Capital Inc., a Maryland corporation, provides debt, including loans and equipment financings, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Our investment objective is to generate current income and, to a lesser extent, capital appreciation through our investments. We seek to achieve our investment objective by making investments consisting primarily of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. 

As of Sept. 30, 2020, our investment portfolio had an aggregate fair value of approximately $425.5 million and was comprised of approximately $273.6 million in secured loans, $107.7 million in equipment financings, and $44.2 million in equity and equity-related investments, including warrants, across 81 portfolio companies. From Oct. 1, 2020, through Dec. 31, 2020, we made total investments of approximately $102.1 million, consisting of $72.4 million in secured loans, $29.3 million in equipment financings, and $0.4 million in equity securities. For the year ended Dec. 31, 2020, we estimate that our unaudited net investment income will be between $22.8 million and $23.5 million, or between $1.26 and $1.30 per share.

(Note: Trinity Capital priced its IPO on Jan. 28, 2021, at 7.4 million shares, slightly less than the 7.6 million in the prospectus, at $14 a share, slightly less than the $14.50 mid-point of its $13.50-to-$15.50 price range, to raise $103.25 million.)

Industry: Specialty lending - closed-end fund
Employees: 34
Founded: 2020
Contact Information
Address 3075 West Ray Road Suite 525 Chandler, Arizona 85226
Phone Number (480) 374 5350
Web Address http://www.trincapinvestment.com/
View Prospectus: Trinity Capital Inc.
Financial Information
Market Cap $367.0mil
Revenues $ mil (last 12 months)
Net Income $ mil (last 12 months)
IPO Profile
Symbol TRIN
Exchange NASDAQ
Shares (millions): 7.4
Price range $14.00 - $14.00
Est. $ Volume $103.3 mil
Manager / Joint Managers Keefe, Bruyette & Woods (Stifel)/ Wells Fargo Securities/ UBS Investment Bank ​
CO-Managers Janney Montgomery Scott/ B. Riley Securities/ Ladenburg Thalmann/ Compass Point
Expected To Trade: 1/29/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change