Denison Mines announces $250 million convertible notes offering
PHOENIX - Trinity Capital Inc. (NASDAQ:TRIN), a profitable venture lender with a market capitalization of nearly $970 million and an impressive 13.6% dividend yield, has committed up to $40 million in an asset-based revolving credit facility to Alt, an online marketplace for investment-grade trading cards, according to a press release statement issued Friday. According to InvestingPro data, Trinity Capital has maintained strong revenue growth of over 30% in the last twelve months.
Alt’s platform enables users to buy authenticated cards, consign cards for cash advances, store assets securely, and borrow against card portfolios. The company also offers "Alt Value," a proprietary valuation tool that uses market data and AI analytics for real-time valuations. With a P/E ratio of 6.6, Trinity Capital appears attractively valued according to market metrics. Unlock more valuable insights about Trinity Capital’s investment potential with a comprehensive Pro Research Report, available exclusively on InvestingPro.
"This warehouse line of credit marks an industry defining breakthrough for the hobby," said Leore Avidar, Founder & CEO of Alt. "It unlocks our ability to extend larger loans and more instant cash advances, giving collectors fast, reliable liquidity at scale."
Founded in 2020 and headquartered in San Francisco, Alt operates in 76 countries. The capital will support the company’s market expansion efforts.
Steven Lambe, Managing Director of Asset Based Lending at Trinity Capital, noted that Alt’s focus on transparency and full-service marketplace capabilities is helping drive new demand for trading cards.
Trinity Capital, an alternative asset manager that provides debt solutions to growth-oriented companies, has deployed more than $4.3 billion across over 400 investments since its founding in 2008, according to the company.
The credit facility will enable Alt to offer larger loans to customers, including multimillion-dollar options, as part of its strategy to provide financing solutions for collectibles. Trinity Capital’s current ratio of 0.49 suggests careful management of its lending operations while maintaining profitability over the last twelve months.
In other recent news, Trinity Capital Inc. announced it has received conditional approval from the U.S. Small Business Administration to submit an application for a Small Business Investment Company license, potentially enabling access to up to $175 million in SBA-guaranteed debentures. Additionally, Trinity Capital has entered into a definitive agreement to issue $125 million in 6.750% notes due 2030, with the net proceeds of approximately $121.23 million intended to repay outstanding secured indebtedness. The company has also committed $15 million in growth capital to K2view, an enterprise data management company, to support their efforts in AI data infrastructure. Furthermore, Trinity Capital declared a cash dividend of $0.51 per share for the second quarter of 2025, marking the 22nd consecutive quarter of maintaining or increasing its dividend payout. During its Annual Meeting, Trinity Capital re-elected two directors and ratified Ernst & Young LLP as its independent auditor for the fiscal year ending December 31, 2025. These recent developments highlight Trinity Capital’s ongoing strategic initiatives and financial activities.
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