Trinity Capital Inc. Exits Its Equity Position in Core Scientific [Yahoo! Finance]
Trinity Capital Inc. (TRIN)
US:NASDAQ Investor Relations:
lanb.com/home/about-us/news/2017/09/15/trinity-capital-corporation-commences-trading-on-otcqx-and-announces-dtc-eligibility
Company Research
Source: Yahoo! Finance
PHOENIX June 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, announced today that as of June 4, 2024 , it has completed the liquidation of the shares of common stock of Core Scientific (CORZ) ("Core") that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core entered Chapter 11 bankruptcy in December 2022 and exited bankruptcy in January 2024 . Trinity was granted a $28.3 million claim in the bankruptcy, and elected to receive shares of Core's common stock in satisfaction of that claim. The 5,640,373 shares received were sold at a weighted average price per share of , resulting in total proceeds of $29.0 million . After the sale of the common stock, the internal rate of return on the initial investment was 17.7%, including loan interest payments received. About Trini
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News
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- Trinity Capital Inc. Increases its Credit Facility to $510 Million [Yahoo! Finance]Yahoo! Finance
- Trinity Capital Inc. Increases its Credit Facility to $510 MillionPR Newswire
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TRIN
Earnings
- 8/7/24 - Beat
TRIN
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- TRIN's page on the SEC website