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Hercules Technology Growth Capital
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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