Trinity Capital Inc. (TRIN) Announces Proposed 7.547M Share IPO Between $13.50-$15.50/Sh

Trinity Capital Inc. (NYSE: TRIN) today announced that it has commenced an initial public offering of 7,546,619 shares of its common stock, consisting of 6,900,000 shares by Trinity and 646,619 shares by certain selling stockholders. The estimated price range for the offering is $13.50 to $15.50 per share of common stock. Trinity is expected to list its common stock on the Nasdaq Global Select Market under the symbol "TRIN." The underwriters are expected to have an option to purchase up to an additional 1,132,000 shares of common stock. The completion of the proposed offering depends upon several factors, including market and other conditions.

Trinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its credit agreement, to make investments in accordance with its investment objective, and for general corporate purposes.

Keefe, Bruyette & Woods, A Stifel Company, Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the offering. Janney Montgomery Scott, B. Riley Securities, Ladenburg Thalmann and Compass Point are acting as co-managers for this offering.

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