Hercules Raising Capital (HTGC)
January 20, 2012 by Jon C. OggHercules Technology Growth Capital Inc. (NASDAQ: HTGC) is hammering shareholders after news that it plans to sell some 5 million shares in a secondary offering. The company earmarked the sale proceeds to be used for general corporate purposes, which is said to include repayment of its debt. The offering comes under an existing shelf registration.
Citigroup is listed as the sole book-runner for this secondary offering and it will be given a 750,000 share overallotment option. Hercules offers customized loans to public and private companies in the technology, clean technology, and life science business segments.
Shares are indicated down 6.3% at $9.60 against a 52-week range of $7.79 to $11.55.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.