NASDAQ:TRIN

Trinity Capital Inc. Launches Sponsor Finance Vertical with New Strategic Hires

Retrieved on: 
Dienstag, Mai 7, 2024
Corporate finance, CFO, Ally Financial, Investment, GE Capital, Structured finance, Square, Senior, Bank, Raytheon Missiles & Defense, Credit, Financial services

PHOENIX, May 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries.

Key Points: 
  • Spearheading Trinity's Sponsor Finance initiative is seasoned industry veteran Chris Erro, joining as a Senior Managing Director based in the firm's San Diego office.
  • Joining him on the Sponsor Finance team are Jorge Sandoval as Senior Managing Director, Credit & Portfolio, and Will Cook as Director, Credit & Portfolio.
  • "The establishment of our Sponsor Finance vertical with the addition of Chris, Jorge, and Will is a key step in our ongoing commitment to enhance the Trinity platform comprehensively.
  • "I am thrilled to join Trinity to build out the firm's Sponsor Finance capabilities as a complement to its established growth capital platform," said Mr. Erro.

Trinity Capital Inc. Provides Details for First Quarter 2024 Financial Results and Conference Call

Retrieved on: 
Mittwoch, April 10, 2024
Trinity, Conference

PHOENIX, April 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its first quarter 2024 financial results before market open on Wednesday, May 1, 2024.

Key Points: 
  • PHOENIX, April 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its first quarter 2024 financial results before market open on Wednesday, May 1, 2024.
  • The Company will discuss its financial results on a conference call that day at 9:00 a.m. PT (12:00 p.m.
  • A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until May 8, 2024.
  • A live webcast of the first quarter 2024 financial results conference call will also be available on the investor relations section of the Company's website at ir.trinitycap.com .

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.

Retrieved on: 
Dienstag, April 9, 2024
First Citizens BancShares, Software as a service, Growth, SVB, SAN, Fintech, Silicon, API, Silicon Valley Bank, Warehouse, DoorDash, Bank

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin helps companies, such as marketplaces, vertical SaaS, and payment processors, launch and embed financial services for their sellers.

Key Points: 
  • Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN)
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin .
  • Provided by SVB's national fintech practice , the financing facility will support Parafin in providing capital to businesses on premier platforms such as DoorDash and Amazon.
  • Parafin employs a machine learning-based underwriting model based on sales performance to determine eligibility and create personalized financing offers.
  • "We're proud to partner with the teams at Parafin and SVB to provide this warehouse financing facility," said Steven Lambe, Managing Director, Warehouse Lending at Trinity Capital.

Trinity Capital Inc. Provides $50 Million in Equipment Financing to Electric Hydrogen

Retrieved on: 
Dienstag, März 5, 2024
Hydrogen, CFO, Equipment, Senior, Water, Electricity, Coal

PHOENIX, March 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $50 million in equipment financing to Electric Hydrogen , a manufacturer of electrolyzer systems that produce green hydrogen for critical industries.

Key Points: 
  • PHOENIX, March 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $50 million in equipment financing to Electric Hydrogen , a manufacturer of electrolyzer systems that produce green hydrogen for critical industries.
  • "Electric Hydrogen's game-changing electrolyzer plant has the potential to reduce the cost of green hydrogen while accelerating decarbonization in critical industries," said Ryan Little, Senior Managing Director, Equipment Financing at Trinity Capital.
  • In 2023, Electric Hydrogen completed a Series C equity raise of $380 million, bringing the total capital raised by the company to more than $600 million.
  • "Electric Hydrogen manufactures the world's most powerful electrolyzers to produce low-cost green hydrogen at industrial scale," said Derek Warnick, CFO of Electric Hydrogen.

Trinity Capital Inc. Provides $25 Million Growth Capital to Moxe Health

Retrieved on: 
Donnerstag, Februar 29, 2024
Partnership, API, Growth, Trinity, Organization, Electronic health record, Point, Pharmaceutical industry

PHOENIX, Feb. 29, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Moxe Health ("Moxe"), a leader in healthcare interoperability and clinical data exchange.

Key Points: 
  • PHOENIX, Feb. 29, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Moxe Health ("Moxe"), a leader in healthcare interoperability and clinical data exchange.
  • Based in Madison, WI, Moxe leverages technology to improve and simplify the sharing of clinical information and critical insights between payer and provider organizations.
  • Working with leading health systems and the largest national health plans, representing more than 150M US lives, Moxe uses APIs compatible with leading Electronic Health Records to connect the healthcare ecosystem with high quality, efficient data.
  • This growth capital will enable the team at Moxe to continue to scale operations.

Trinity Capital Inc. Provides $120 Million Equipment Financing to Rocket Lab

Retrieved on: 
Dienstag, Februar 20, 2024
Equipment, Growth, Rocket Lab, Space Development Agency, Finance, Software, Partnership, Renewable energy

PHOENIX, Feb. 20, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $120 million in equipment financing to Rocket Lab USA, Inc. (NASDAQ: RKLB) ("Rocket Lab"), a leading provider of space launch services and advanced satellite technology.

Key Points: 
  • PHOENIX, Feb. 20, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $120 million in equipment financing to Rocket Lab USA, Inc. (NASDAQ: RKLB) ("Rocket Lab"), a leading provider of space launch services and advanced satellite technology.
  • Based in Long Beach, California, Rocket Lab is an end-to-end space company that provides launch services, satellite manufacturing, spacecraft components, and on-orbit management solutions.
  • "Rocket Lab is not only delivering reliable launch services but is also driving innovation for satellite component manufacturing and software in the aerospace industry," said Cory Cramer, Director of Equipment Financing at Trinity.
  • The new debt facility from Trinity will be used to fuel Rocket Lab's expansion plans by financing additional manufacturing capacity, testing equipment, and R&D.

Trinity Capital Inc. Confirms Fourth Quarter 2023 Call and Announces 2024 Financial Reporting Dates

Retrieved on: 
Dienstag, Februar 6, 2024
Trinity, Conference, Cryptocurrency

ET)

Key Points: 
  • ET)
    To listen to the call, please dial (800) 225-9448 or (203) 518-9708 internationally and reference Conference ID: TRINQ423 if asked, approximately 10 minutes prior to the start of the call.
  • A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until March 13, 2024.
  • A live webcast of the financial results conference call will also be available on the investor relations section of the Company's website at ir.trinitycap.com .
  • Dial-in information for the first, second and third quarter 2024 earnings conference calls will be provided at a later date.

Trinity Capital Inc. Further Expands East Coast Presence with Appointment of Brendan Carr as Director

Retrieved on: 
Dienstag, Januar 23, 2024
Senior, NatWest Markets, International finance, Innovation, Fintech, Growth

PHOENIX, Jan. 23, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Brendan Carr as Director of Tech Lending, based in Boston.

Key Points: 
  • PHOENIX, Jan. 23, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Brendan Carr as Director of Tech Lending, based in Boston.
  • "We are delighted to welcome Brendan to our team," said Phil Gager, Senior Managing Director, Tech Lending of Trinity.
  • "I am excited to join a team that is dedicated to investing in the most innovative companies," said Mr. Carr.
  • "Trinity has a stellar reputation in the industry, and I look forward to contributing to its continued growth."

Trinity Capital Inc. Appoints Michael Testa as Chief Financial Officer

Retrieved on: 
Freitag, Januar 5, 2024
Controller, Growth, Trinity, CFO, Ernst & Young, Management

PHOENIX, Jan. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity," "Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that, as part of the Company's long-term succession plan, its Board of Directors has named Michael Testa as Chief Financial Officer ("CFO"), effective immediately.

Key Points: 
  • PHOENIX, Jan. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity," "Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that, as part of the Company's long-term succession plan, its Board of Directors has named Michael Testa as Chief Financial Officer ("CFO"), effective immediately.
  • Mr. Testa joined Trinity Capital in 2020 as Chief Accounting Officer ("CAO").
  • "Michael has played an integral part in our success over the past four years in his role as CAO, and we are excited to see his leadership continue to impact Trinity during our next phase of growth," said Kyle Brown, Chief Executive Officer of Trinity Capital.
  • "I am honored to be stepping into the role of CFO," said Michael Testa.

Trinity Capital Inc. Provides $30 Million Growth Capital to Cart.com

Retrieved on: 
Donnerstag, Dezember 21, 2023
First Citizens BancShares, Cart.com, Trinity, Silicon Valley Bank, Commerce, Growth, Investment, Silicon, Financial services

PHOENIX, Dec. 21, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to Cart.com , a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere.

Key Points: 
  • PHOENIX, Dec. 21, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to Cart.com , a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere.
  • Cart.com supports over $8 billion in gross merchandise value and operates 14 omnichannel facilities nationwide, totaling over 8 million square feet of space.
  • This investment is part of a larger $100 million debt refinancing that included Trinity and Silicon Valley Bank, a division of First Citizens Bank.
  • We're excited to partner with Trinity, a proven and trusted provider of capital to growth-stage companies, to fuel our next chapter of profitable growth in the years to come."