Hercules Technology Growth Capital Raises $33.6M
Hercules Technology Growth Capital (NYSE: HTGC) announced the closing of its public offering. The underwriter purchased 3,100,000 shares of common stock from Hercules in a bought deal for a price of $10.85 per share, above its last published net asset value of $9.54 per share, resulting in proceeds of $33,635,000 excluding other offering expenses. The last reported sales price of Hercules' common stock on September 27, 2012 prior to the sale of its shares of common stock was $11.42 per share.
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.
Credit Suisse is the sole underwriter of this offering.
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