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" or the "Company") today announced that it has closed its underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $12.64 per share. In addition, the underwriters fully exercised their over-allotment option to purchase 750,000 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 5,750,000. The underwriters purchased the shares of common stock from Hercules for a price of $12.2608 per share, and net proceeds from the offering after deducting estimated offering expenses payable by the Company are expected to be approximately $70.3 million. Morgan Stanley, Wells Fargo Securities, and Keefe, Bruyette & Woods, A Stifel Company, acted as joint book-running managers in this offering, and Compass Point and Wedbush Securities acted as co-managers in this offering.