PALO ALTO, Calif.--(BUSINESS WIRE)--
Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC) ("The Company"),
the leading specialty finance company devoted to addressing the capital
needs of venture capital and private equity-backed companies in the
technology, clean technology, and life science industries at all stages
of development, announced that it has priced its public offering of
6,250,000 shares of its common stock at an offering price of $10.00 per
share, raising $62.5 million of gross proceeds. Hercules also granted
the underwriters an option to purchase up to an additional 937,500
shares of common stock to cover over-allotments, if any. The offering is
subject to customary closing conditions and is expected to close on
November 16, 2010.
The Company expects to use the net proceeds from the sale of the shares
in the offering to fund additional growth through possible portfolio
acquisitions, fund investments in debt and equity securities, fund the
remaining $12.5 million of committed capital under its second SBA
license, and for other general corporate purposes.
RBC Capital Markets, LLC, JMP Securities LLC and Stifel Nicolaus Weisel
are the joint book-running managers of this offering and BB&T Capital
Markets, a division of Scott & Stringfellow, LLC, Janney Montgomery
Scott LLC, and Macquarie Capital (USA) Inc. are co-managers.
This offering may be made only by means of a preliminary prospectus and
a related prospectus supplement. A copy of the prospectus for the
offering may be obtained from: RBC Capital Markets, LLC, 3 World
Financial Center, 200 Vesey Street, 8th Floor, New York, NY
10281-8098, Attention: Equity Syndicate, (877) 822-4089; JMP Securities
LLC, 600 Montgomery Street, 11th Floor, San Francisco, California, 94111
(Attention: Prospectus Department); Stifel Nicolaus Weisel, Equity
Syndicate Department, 443-224-1988 or SyndicateOps@stifel.com,
One South Street, 15th Floor, Baltimore, MD 21202; BB&T
Capital Markets, 901 Byrd Street, Suite 410, Richmond, VA 23219,
Attention: Equity Syndicate Department, 804-780-3283; Janney Montgomery
Scott LLC, 60 State Street, 35th Floor, Boston, MA 02109 or by emailing firstname.lastname@example.org;
or Macquarie Capital (USA) Inc., Attn: Prospectus Department, 125 West
55th St, 17th Floor, New York, NY 10019, or by calling +1-212-231-6112,
or by e-mailing email@example.com.
Investors are advised to carefully consider the investment objectives,
risks, and charges and expenses of Hercules Technology Growth Capital
before investing. The prospectus, which has been filed with the
Securities and Exchange Commission, contains this and other information
about Hercules Technology Growth Capital and should be read carefully
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities in this offering, nor
shall there be any sale of these securities in any state in which such
an offer, solicitation of sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. A registration statement relating to these securities was
filed and has been declared effective by the Securities and Exchange
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. is a NASDAQ traded 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.
Companies interested in learning more about financing opportunities
should contact firstname.lastname@example.org, or call
The statements contained in this release that are not purely historical
are forward-looking statements. 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 and other factors we identify from
time to time in our filings with the Securities and Exchange Commission.
Although we believe that the assumptions on which these forward-looking
statements 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.
Hercules Technology Growth Capital, Inc.
Main, 650-289-3060 HT-HN
Source: Hercules Technology Growth Capital, Inc.
News Provided by Acquire Media