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TRIN - Trinity Capital adjusts conversion rate of convertible notes
Trinity Capital Inc.
Trinity Capital (NASDAQ:TRIN) on Thursday announced an adjustment to the conversion rate of its 6% convertible notes due 2025 as a result of its regular cash dividend and supplemental dividend. Effective immediately after the close of business on Thursday, the conversion rate of the notes will be adjusted to 67.53 shares per $1K principal amount of convertible notes. As a result, effective as of such time, the conversion price applicable to the notes will be adjusted to $14.81/share.