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Hercules Capital, Inc. - HTGC STOCK NEWS

Welcome to our dedicated page for Hercules Capital news (Ticker: HTGC), a resource for investors and traders seeking the latest updates and insights on Hercules Capital stock.

Hercules Capital, Inc. (NYSE: HTGC) is a premier specialty finance company dedicated to providing senior secured loans to high-growth, venture capital-backed companies in technology-related markets. Established in December 2003, Hercules has positioned itself as a key player in the venture lending space, committing over $4.6 billion to more than 300 companies across various stages of development. The company focuses on sectors such as technology, biotechnology, life sciences, and sustainable and renewable energy.

Hercules Capital stands out by offering more than just financial support. The company provides vital access to its expansive network of contacts and invaluable business advice, helping entrepreneurial companies achieve significant milestones. Their investment portfolio includes a mix of structured debt with warrants, senior debt, and equity investments.

Recent achievements include a $35 million loan facility to SynOx Therapeutics Limited to support the development of emactuzumab, a next-generation monoclonal antibody for treating Tenosynovial Giant Cell Tumour (TGCT). Another notable investment is the $150 million financing to Harness, a Modern Software Delivery Platform company, to expand its platform with new modules and enhance its use of generative AI.

Hercules Capital’s strategic partnerships and financial solutions make it the lender of choice for venture-backed companies seeking reliable growth capital. The company’s financial stability and extensive industry expertise ensure that it remains a trusted partner for innovation-driven businesses looking to scale.

News

Hercules Capital Announces Date for Release of Third Quarter 2023 Financial Results and Conference Call

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Hercules Capital, Inc. schedules Q3 2023 financial results conference call
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Hercules Capital Receives Reaffirmed Baa3 Investment Grade Credit and Corporate Rating from Moody’s Investors Service

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Moody's reaffirms Hercules Capital's Baa3 investment grade credit and corporate rating with a stable outlook.
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Hercules Capital Announces the Appointment of Mr. Nikos Theodosopoulos to Its Board of Directors

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Hercules Capital appoints Nikos Theodosopoulos as independent board member
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Senseonics Holdings, Inc. Enters Into $50 Million Loan Facility With Hercules Capital

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Senseonics Holdings, Inc. has entered into a $50 million loan facility with Hercules Capital, Inc. The company drew down $25 million upon closing. The loan facility provides increased financial flexibility and strengthens the balance sheet. Senseonics aims to fund its current operating plans and advance its product pipeline. The availability of additional tranches is subject to revenue and gross margin milestones.
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Hercules Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc.

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Hercules Capital, Inc. (NYSE: HTGC) announced that KBRA has reaffirmed its BBB+ investment grade corporate and credit rating. The ratings reflect the company's diversified investment portfolio, minimal historical non-accruals, and solid credit quality. The rating reaffirmation validates Hercules' business model and institutionalized lending platform.
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Hercules Capital, Inc. Prices Upsized Public Offering of Common Stock

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Hercules Capital, Inc. (NYSE: HTGC) announces upsized public offering of 6,500,000 shares of common stock with an option for an additional 975,000 shares. The offering is expected to close on August 10, 2023. Net proceeds will be used for investments, debt repayment, and general corporate purposes.
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Hercules Capital, Inc. Announces Public Offering of Common Stock

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Hercules Capital, Inc. (HTGC) plans to make a public offering of 6,000,000 shares of its common stock, with an option to purchase up to an additional 900,000 shares. The net proceeds will be used for investments in debt and equity securities, repayment of indebtedness, and general corporate purposes. The offering is made pursuant to an effective shelf registration statement filed with the SEC on December 17, 2021.
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Hercules Capital Reports Second Quarter 2023 Financial Results

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Hercules Capital, Inc. (NYSE: HTGC) announced its financial results for Q2 2023. Total investment income increased by 61.2% YoY to $116.2 million. Net investment income (NII) was $75.7 million, or $0.53 per share, an 88.6% YoY increase. Total gross fundings for 1H 2023 reached $834.8 million, a 5.6% YoY increase. The company increased its base cash distribution to $0.40 per share, with Q2 2023 NII providing 132% coverage. Undistributed earnings spillover amounted to $148.1 million, or $1.02 per share. Assets under management increased by 19.5% YoY to approximately $4.0 billion.
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Hercules Capital Increases Its Total Cash Distribution to $0.48 per Share for the Second Quarter 2023

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Heron Therapeutics Announces $30 Million Private Placement Financing

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Heron Therapeutics, Inc. has entered into a securities purchase agreement to sell 20,734,917 shares of its common stock and pre-funded warrants to institutional investors. The purchase price for the common stock is $1.37 per share, while the pre-funded warrants have a purchase price of $1.3699 per warrant. The gross proceeds from the private placement are expected to be approximately $30.0 million.
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FAQ

What is the current stock price of Hercules Capital (HTGC)?

The current stock price of Hercules Capital (HTGC) is $19.21 as of December 20, 2024.

What is the market cap of Hercules Capital (HTGC)?

The market cap of Hercules Capital (HTGC) is approximately 3.2B.

What does Hercules Capital, Inc. specialize in?

Hercules Capital specializes in providing senior secured loans to venture capital-backed companies in technology-related industries.

Which industries does Hercules Capital, Inc. focus on?

Hercules Capital focuses on technology, biotechnology, life sciences, and sustainable and renewable energy sectors.

How much has Hercules Capital, Inc. committed since its inception?

Since its inception in December 2003, Hercules Capital has committed over $4.6 billion to more than 300 companies.

What kind of financial products does Hercules Capital, Inc. offer?

Hercules Capital offers a mix of structured debt with warrants, senior debt, and equity investments.

Can you provide an example of a recent investment by Hercules Capital, Inc.?

A recent investment by Hercules Capital includes a $35 million loan facility to SynOx Therapeutics Limited for developing emactuzumab.

Why do companies choose Hercules Capital, Inc.?

Companies choose Hercules Capital for its reliable growth capital, access to an extensive network of contacts, and valuable business advice.

How does Hercules Capital, Inc. support its portfolio companies beyond financial investment?

Beyond financial investment, Hercules Capital offers access to a wide network of contacts and essential business advice to help companies achieve key milestones.

What is a notable recent achievement of Hercules Capital, Inc.?

A notable recent achievement is the $150 million financing to Harness to support the expansion of their software delivery platform.

How does Hercules Capital, Inc. ensure its financial stability?

Hercules ensures financial stability through strategic partnerships, diversified investment portfolios, and deep industry expertise.

What is the significance of Hercules Capital, Inc. in the venture lending space?

Hercules Capital is a leading lender of choice for entrepreneurs and venture capital firms, highlighted by its extensive commitments and successful partnerships with high-growth companies.

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Hercules Capital, Inc.

NYSE:HTGC

HTGC Rankings

#1607 Ranked by Market Cap
#297 Ranked by Dividends

HTGC Stock Data

3.19B
164.61M
1.82%
26.98%
3.49%
Asset Management
Financial Services
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United States of America
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