Hercules Technology Growth Capital, Inc. (NYSE: HTGC) ("Hercules") announced that it has priced its public offering of 7,000,000 shares of its common stock. Hercules has also granted the underwriters an option to purchase up to 1,050,000 additional shares of common stock. The offering is subject to customary closing conditions and is expected to close on March 13, 2013. The last reported sales price of Hercules’ common stock on March 7, 2013 was $12.52 per share. Citigroup and Wells Fargo Securities are acting as joint book-running managers in this offering. Aegis Capital Corp, BB&T Capital Markets, a division of BB&T Securities, LLC, Maxim Group LLC and National Securities Corporation are acting as co-managers in this offering.
Hercules expects to use the net proceeds from this offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes.
The securities described above are being offered by Hercules pursuant to an effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (tel: (800) 831-9146); Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, New York 10152, Attn: Equity Syndicate or by e-mailing
Investors are advised to carefully consider the investment objectives, risks, and charges and expenses of Hercules before investing. The prospectus, which has been filed with the Securities and Exchange Commission, contains this and other information about Hercules and should be read carefully before investing.
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.