PHOENIX, Jan. 5, 2024
/PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN)
("Trinity," "Trinity Capital" or the "Company"), a leading provider
of diversified financial solutions to growth-stage companies, today
announced that, as part of the Company's long-term succession plan,
its Board of Directors has named Michael
Testa as Chief Financial Officer ("CFO"), effective
immediately. He succeeds David Lund,
who will remain on the team as a consultant, focusing on strategic
growth initiatives for the Company.
Mr. Testa joined Trinity Capital in 2020 as Chief Accounting
Officer ("CAO"). Prior to joining Trinity, he served as Vice
President and Controller at Oxford Funds, a credit-focused asset
manager, and worked within the financial services practice of Ernst
& Young LLP, focusing on financial audits of clients in the
asset management industry.
"Michael has played an integral part in our success over the
past four years in his role as CAO, and we are excited to see his
leadership continue to impact Trinity during our next phase of
growth," said Kyle Brown, Chief
Executive Officer of Trinity Capital. "On behalf of the entire team
at Trinity, I would like to thank David for his leadership as CFO
over the last four years, including his important contributions
toward the Company's initial public offering in 2021 and the
subsequent enterprise growth he helped drive."
"I would like to congratulate Michael on his appointment as
CFO," said David Lund, who served as
Trinity's CFO since November 2020 and
has had a decorated career as a leader at various companies. "After
working closely together over the last several years, it's clear
Michael is the right person to now lead Trinity's finance and
accounting functions."
"I am honored to be stepping into the role of CFO," said
Michael Testa. "I look forward to
partnering with Kyle and the rest of the management team to expand
the Trinity platform and work to deliver long-term, accretive value
for our shareholders."
About Trinity Capital Inc.
Trinity (Nasdaq: TRIN), an internally managed business
development company, is a leading provider of diversified financial
solutions to growth-stage companies with institutional equity
investors. Trinity's investment objective is to generate current
income and, to a lesser extent, capital appreciation through
investments, including term loans, equipment financings and
equity-related investments. Trinity 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 www.trinitycap.com.
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, 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.
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SOURCE Trinity Capital Inc.