Apr. 10 at 8:37 PM
$ANGX
Right after
$ANGX went public via SPAC
$TRIN committed 100M of growth capital as a credit facility (debt ANGX could access in tranches).
That 100M is secured by ANGX’s assets. In connection with the credit facility ANGX issued warrants to TRIN which according to my math now are equivalent to 1.12M with a strike of
$7.28. As more capital is released to ANGX, TRIN gets more warrants.
The warrants expire around September 2030.
In plan English should ANGX go above
$7.28 between now and September 2030 TRIN makes nice money on those warrants.
This recent raise, it is possible that TRIN participated as it is standard in TRIN’s deals they have rights to purchase shares in subsequent financing rounds. But we won’t know for a little bit for sure. 45 days or less.
If TRIN bought shares that is mega bullish.
TRIN is likely going to win no matter what. ANGX has a decent chance of victory with the capital that TRIN will commit to help supercharge its operations.
