Hercules Technology Prices Public Offering of Common Stock
Hercules Technology Growth Capital, Inc. announced that it has priced its public offering of five million shares of common stock. Hercules has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on January 24, 2012. The last reported sales price of Hercules’ common stock on January 19, 2012 was $10.25 per share. Citigroup is the sole underwriter of 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.
Hercules Technology Growth Capital, Inc. is a specialty finance firm providing customized loans to public and private companies in the technology, clean technology, and life science industries, at all stages of development.