Trinity Capital Inc. Provides $15M In Growth Capital To Velentium, A Professional Engineering Firm That Specializes In The Design And Manufacture Of Innovative Medical Devices

7/15/24 8:32:16 AM ET

Finance: Consumer Services

Finance

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Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.

Based in Houston, Velentium designs, develops, manufactures, and provides post-market support for medical devices, particularly active implantable and wearable devices. With expertise in systems engineering, software, cybersecurity, mobile/cloud solutions, and automated test systems, Velentium collaborates with clients worldwide to create medical solutions that improve lives.

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Date	Price Target	Rating	Analyst
8/22/2023	$15.50	Neutral → Buy	Compass Point
8/7/2023	$15.00	Underperform → Mkt Perform	Keefe Bruyette
7/5/2023	$15.00	Buy	Jefferies
3/13/2023	$13.50 → $11.00	Mkt Perform → Underperform	Keefe Bruyette
11/7/2022	$30.00	Positive → Neutral	Susquehanna
11/4/2022	$16.00 → $12.50	Outperform → Mkt Perform	Keefe Bruyette
10/27/2022	$18.00 → $12.75	Buy → Neutral	Compass Point
9/16/2022	$14.50	Buy	B. Riley Securities

Trinity Capital Inc. Provides $15M In Growth Capital To Velentium, A Professional Engineering Firm That Specializes In The Design And Manufacture Of Innovative Medical Devices

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