Trinity Capital Inc. Announces Stock Repurchase Program
Trinity Capital (Nasdaq: TRIN) announced its board has authorized a $30 million stock repurchase program running until November 7, 2025. The company may repurchase its common stock in the open market, subject to Rule 10b-18 constraints. The board initiated this program believing macroeconomic pressures may cause stock undervaluation relative to company performance and peers. The repurchases will comply with the Investment Company Act of 1940. While Trinity hasn't yet started repurchasing shares, management can now act when deemed advantageous to shareholders.
Trinity Capital (Nasdaq: TRIN) ha annunciato che il suo consiglio di amministrazione ha autorizzato un programma di riacquisto di azioni da 30 milioni di dollari che sar脿 attivo fino al 7 novembre 2025. L'azienda potr脿 riacquistare le proprie azioni ordinarie sul mercato aperto, soggetta ai vincoli della Regola 10b-18. Il consiglio ha avviato questo programma ritenendo che le pressioni macroeconomiche possano causare una sottovalutazione delle azioni rispetto alle prestazioni aziendali e ai concorrenti. I riacquisti saranno conformi alla legge sulle societ脿 di investimento del 1940. Anche se Trinity non ha ancora iniziato a riacquistare azioni, la direzione pu貌 ora agire quando lo riterr脿 vantaggioso per gli azionisti.
Trinity Capital (Nasdaq: TRIN) anunci贸 que su consejo ha autorizado un programa de recompra de acciones de 30 millones de d贸lares que estar谩 en vigor hasta el 7 de noviembre de 2025. La compa帽铆a podr谩 recomprar sus acciones comunes en el mercado abierto, sujeto a las restricciones de la Regla 10b-18. El consejo inici贸 este programa considerando que las presiones macroecon贸micas pueden causar una subvaloraci贸n de las acciones en relaci贸n con el rendimiento de la empresa y sus competidores. Las recompras cumplir谩n con la Ley de Compa帽铆as de Inversi贸n de 1940. Si bien Trinity a煤n no ha comenzado a recomprar acciones, la direcci贸n puede ahora actuar cuando se considere ventajoso para los accionistas.
韸鸽Μ雼堩嫲 旌愴敿韮� (Nasdaq: TRIN)電� 鞚挫偓須岅皜 3觳滊 雼煬 攴滊鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 頂勲攴鸽灗鞚� 2025雲� 11鞗� 7鞚缄箤歆� 鞖挫榿霅╇媹雼�. 須岇偓電� 10b-18 攴滌爼鞐� 霐半澕 瓿店皽 鞁滌灔鞐愳劀 氤错喌欤茧ゼ 毵れ瀰頃� 靾� 鞛堨姷雼堧嫟. 鞚挫偓須岆姅 瓯办嫓 瓴届牅鞝� 鞎曤皶鞚� 須岇偓鞚� 靹标臣鞕� 霃欖 鞐呹硠鞐� 牍勴暣 欤检嫕鞚� 鞝�韽夑皜毳� 齑堧灅頃� 靾� 鞛堧嫟瓿� 氙筷碃 鞚� 頂勲攴鸽灗鞚� 鞁滌瀾頄堨姷雼堧嫟. 欤检嫕 毵れ瀰鞚� 1940雲� 韴瀽 須岇偓氩曥潉 欷�靾橅暕雼堧嫟. 韸鸽Μ雼堩嫲電� 鞎勳 欤检嫕鞚� 毵れ瀰頃橁赴 鞁滌瀾頃橃 鞎婌晿歆�毵�, 瓴届榿歆勳潃 欤检＜鞐愱矊 鞙犽Μ頃橂嫟瓿� 韺愲嫧霅� 霑� 頄夒彊頃� 靾� 鞛堨姷雼堧嫟.
Trinity Capital (Nasdaq: TRIN) a annonc茅 que son conseil d'administration a autoris茅 un programme de rachat d'actions de 30 millions de dollars qui sera en vigueur jusqu'au 7 novembre 2025. L'entreprise pourra racheter ses actions ordinaires sur le march茅 libre, sous r茅serve des contraintes de la r猫gle 10b-18. Le conseil a lanc茅 ce programme en croyant que des pressions macro茅conomiques pourraient entra卯ner une sous-茅valuation des actions par rapport 脿 la performance de l'entreprise et 脿 celle de ses concurrents. Les rachats seront conformes 脿 la loi de 1940 sur les soci茅t茅s d'investissement. Bien que Trinity n'ait pas encore commenc茅 脿 racheter des actions, la direction peut d茅sormais agir lorsque cela est jug茅 avantageux pour les actionnaires.
Trinity Capital (Nasdaq: TRIN) hat bekannt gegeben, dass der Vorstand ein Aktienr眉ckkaufprogramm 眉ber 30 Millionen Dollar genehmigt hat, das bis zum 7. November 2025 g眉ltig ist. Das Unternehmen darf seine Stammaktien am offenen Markt zur眉ckkaufen, vorbehaltlich der Vorgaben von Regel 10b-18. Der Vorstand hat dieses Programm initiiert, da er glaubt, dass makro枚konomische Druckfaktoren zu einer Unterbewertung der Aktien im Verh盲ltnis zur Unternehmensleistung und zu Wettbewerbern f眉hren k枚nnten. Die R眉ckk盲ufe werden mit dem Investment Company Act von 1940 in Einklang stehen. W盲hrend Trinity noch nicht mit dem R眉ckkauf von Aktien begonnen hat, kann die Gesch盲ftsf眉hrung nun handeln, wenn dies f眉r die Aktion盲re vorteilhaft erscheint.
- Authorization of $30 million stock repurchase program
- Potential to support stock price during market undervaluation
- Demonstrates financial strength and confidence in company's performance
- No immediate implementation of the repurchase program
- Program by market conditions and regulatory constraints
Insights
This
The buyback's discretionary nature and Rule 10b-18 compliance framework allow for opportunistic purchases while maintaining price stability. For a business development company (BDC), this move could enhance shareholder value through improved earnings per share and return on equity metrics. However, investors should note that the actual impact depends on execution timing and volume, as the company explicitly states no guarantee of repurchase activity.
This announcement comes amid challenging macroeconomic conditions in the venture lending space, where Trinity operates. The timing suggests management sees a disconnect between market valuation and underlying portfolio strength. The buyback authorization provides a strategic tool to support stock price during market volatility while demonstrating financial stability to stakeholders.
The program's size and duration are well-calibrated for a company of Trinity's scale, offering sufficient firepower without overcommitting capital needed for core lending operations. This balanced approach to capital management could help maintain investor confidence while preserving operational flexibility in a dynamic market environment.
Under the repurchase program, Trinity may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that Trinity complies with applicable policies and laws, including certain price, market, volume, and timing constraints specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Unless amended or extended by Trinity's board of directors, the Company expects the repurchase program to be in place until the earlier of November 7, 2025, or until
The Company's board of directors authorized the repurchase program because it believes sustained macroeconomic pressures and other market factors may cause the Company's common stock to be undervalued from time to time, especially relative to the Company's performance and its peers, and that such repurchase demonstrates the Company's stability and strength, including the resilience and creditworthiness of its portfolio. The timing and number of shares to be repurchased will depend on a number of factors, including market conditions and alternative investment opportunities. In addition, any repurchases will be conducted in accordance with the Investment Company Act of 1940, as amended. The Company has not yet been active in the repurchase program and there are no assurances that it will engage in repurchases, but if market conditions warrant, Trinity now has the ability to take advantage of situations where the Company's management believes share repurchases would be advantageous to the Company and to its shareholders.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-oriented companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at .
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.
View original content to download multimedia:
SOURCE Trinity Capital Inc.
FAQ
What is the size of Trinity Capital's stock repurchase program?
When does Trinity Capital's stock buyback program expire?
Has Trinity Capital started repurchasing shares under the new program?
What are the main reasons for Trinity Capital's stock buyback program?
