Investors in Trinity common stock received shares of Broadmark Realty Capital common stock in exchange for their
shares, and investors in Trinity public warrants received Broadmark Realty Capital warrants in exchange for their
warrants, in each case, on a one for one basis. Investors in Trinity units received one share of Broadmark Realty
Capital common stock and one Broadmark Realty Capital warrant in exchange for each Trinity unit held.
Additionally, in connection with the business combination, the Trinity public warrants were modified prior to
becoming Broadmark Realty Capital warrants to (1) remove an anti-dilution provision, (2) make the public warrants
exercisable for one-quarter of one share at an exercise price of $2.875 per one-quarter share (or $11.50 per whole
share), and (3) provide that upon completion of the business combination, each holder of a Trinity public warrant
would receive a cash payment of $1.60.
Additional information may be found here.