Hercules Capital, Inc. Closes Public Offering of Common Stock Including Option to Purchase Additional Shares

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) today announced that it has closed its underwritten public offering of 6,000,000 shares of its common stock. In addition, the underwriters fully exercised their over-allotment option to purchase 900,000 additional shares of Hercules’ common stock. Today’s closing included the sale of the over-allotment shares, bringing the total number of shares sold in this offering to 6,900,000. The underwriters purchased the shares of common stock from Hercules for a price of $11.78 per share, and net proceeds from the offering after deducting estimated offering expenses payable by the Company are expected to be approximately $81.0 million. Wells Fargo Securities, Morgan Stanley, Jefferies LLC, and Keefe, Bruyette & Woods, A Stifel Company, acted as joint book-running managers in this offering, and Compass Point acted as lead manager in this offering.