Los Alamos, NM-Based Trinity Capital Closes $10 Million Rights Offering

Los Alamos, NM-Based Trinity Capital Closes $10 Million Rights Offering

  • Posted: 11/13/2017
  • Castle Creek

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.

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