By Leo Gatdula
Trinity Capital Corp. has completed its previously announced combined rights offering to shareholders and supplemental community offering, raising aggregate gross proceeds of about $10.0 million.
The Los Alamos, N.M.-based company issued an aggregate of 2,105,263 shares of voting common stock — the total number of shares offered — at $4.75 apiece.
Boenning & Scattergood Inc. served as financial adviser and placement agent for the company in connection with the rights offering, and Continental Stock Transfer & Trust Co. served as subscription agent. Hunton & Williams LLP served as legal counsel to the company and Silver Freedman Taff & Tiernan LLP acted as legal counsel to Boenning & Scattergood.