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v3.25.2

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Cost of investment | $ 2,000,938 | [1],[2] | $ 1,760,226 | [3],[4]
Unamortized deferred financing costs | $ 8,523 |  | $ 10,327 |
Common stock, par value | $ 0.001 |  | $ 0.001 |
Common stock, authorized | 200,000,000 |  | 200,000,000 |
Common stock, issued | 69,574,146 |  | 61,669,059 |
Common stock, outstanding | 69,574,146 |  | 61,669,059 |
Control Investments |  |  |  |
Cost of investment | $ 103,725 |  | $ 82,391 |
Affiliate Investments |  |  |  |
Cost of investment | 39,114 |  | 34,309 |
Non-Control / Non-Affiliate Investments |  |  |  |
Cost of investment | $ 1,858,099 |  | $ 1,643,526 |
[1] | All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[2] | All portfolio companies are located in North America or Europe. As of June 30, 2025, Trinity Capital Inc. (the "Company") had eight foreign domiciled portfolio companies, four of which are based in Canada and four of which are based in Europe. In total, these foreign domiciled portfolio investments represent 13.8% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.
[3] | All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[4] | All portfolio companies are located in North America or Europe. As of December 31, 2024, Trinity Capital Inc. (the “Company”) had five foreign domiciled portfolio companies, two of which are based in Canada and three of which are based in Europe. In total, these foreign domiciled portfolio investments represent 6.3% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.

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