TRIN - Trinity Capital down 7% prices $75M offering
2023-08-04 05:57:44 ET
- Trinity Capital ( NASDAQ: TRIN ) stock price drops 7% as the company prices an underwritten public offering of $75M shares at a public offering price of $14.45 per share.
- Underwriters have a 30-day option to purchase up to 778,546 additional shares.
- The shares of common stock are expected to be delivered on August 8, 2023.
- Net proceeds to be deployed to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility, to make investments in accordance with its investment objective and investment strategy, and for general corporate purposes.
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Trinity Capital down 7%, prices $75M offering