Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
June 12 2018 - 3:23PM
Edgar (US Regulatory)
Filed pursuant to Rule 497(a)
Registration No. 333-224281
Rule 482ad
Hercules Capital, Inc. Prices Public Offering of Common Stock
PALO ALTO, Calif., June 12, 2018
Hercules Capital, Inc. (NYSE: HTGC) (Hercules) today announced that it has priced its public
offering of 6,000,000 shares of its common stock at a public offering price of $12.15 per share for total gross proceeds of approximately $72.9 million. Hercules has also granted the underwriters an option to purchase up to an additional 900,000
shares of its common stock. The offering is subject to customary closing conditions and is expected to close on June 14, 2018. Wells Fargo Securities, Morgan Stanley, Jefferies LLC, and Keefe, Bruyette & Woods,
A Stifel Company
,
are acting as joint book-running managers in this offering, and Compass Point is acting as lead manager in this offering.
Hercules expects to use the net
proceeds from this offering (i) to fund investments in debt and equity securities in accordance with its investment objective, (ii) to make acquisitions, and (iii) for other general corporate purposes.
The securities described above are being offered by Hercules pursuant to an effective shelf registration statement previously filed with and declared
effective by the Securities and Exchange Commission (the SEC) on June 5, 2018. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained from (1) Wells
Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by telephone at (800) 326-5897, or by email at cmclientsupport@wellsfargo.com; (2) Morgan Stanley & Co. LLC, 180 Varick Street,
2nd Floor, New York, NY 10014, Attn: Prospectus Department; (3) Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, New York 10022, Attention: Equity Syndicate Prospectus Department, or by email prospectus_department@jefferies.com, or
telephone: 1-877-821-7388; or (4) Keefe, Bruyette & Woods, Inc., Attention: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019; or by calling Keefe, Bruyette & Woods, Inc.
,
toll-free
at (800) 966-1559; or by e-mailing Keefe, Bruyette & Woods, Inc. at uscapitalmarkets@kbw.com.
Investors are advised to
carefully consider the investment objectives, risks, and charges and expenses of Hercules before investing. The prospectus supplement and the accompanying prospectus, which have been filed with the SEC, contain this and other information about
Hercules and should be read carefully before investing.
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This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of, the shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Hercules Capital, Inc.
Hercules Capital, Inc.
(NYSE: HTGC) (Hercules) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than $7.6 billion to over 420 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth
capital financing. Companies interested in learning more about financing opportunities should contact info@htgc.com or call 650.289.3060.
Hercules
common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol HTGC. In addition, Hercules has four outstanding bond issuances of 6.25% Notes due 2024 (NYSE: HTGX), 4.375% Convertible Notes due 2022, 4.625% Notes due
October 2022 and 5.25% Notes due 2025 (NYSE: HCXZ).
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You should
understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act.
The
information disclosed in this press release is made as of the date hereof and reflects Hercules most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due
to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results
to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from
time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking
statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no
obligation to update the forward-looking statements for subsequent events.
Contact:
Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
(650) 433-5578
mhara@htgc.com
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