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    Hercules Capital Inc. filed SEC Form 8-K: Regulation FD Disclosure

    3/5/25 8:35:19 PM ET
    $HTGC
    Investment Managers
    Finance
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    8-K
    false 0001280784 0001280784 2025-03-05 2025-03-05 0001280784 htgc:CommonStockParValueZeroPointZeroZeroOnePerShareMember 2025-03-05 2025-03-05 0001280784 us-gaap:DeferrableNotesMember 2025-03-05 2025-03-05

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): March 5, 2025

     

     

    Hercules Capital, Inc.

    (Exact name of registrant as specified in its charter)

     

     

     

    Maryland   814-00702   74-3113410

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File No.)

     

    (I.R.S. Employer

    Identification No.)

     

    1 North B Street, Suite 2000  
    San Mateo, CA   94401
    (Address of principal executive offices)   (Zip Code)

    Registrant’s telephone number, including area code: (650) 289-3060

    Not Applicable

    (Former name or address, if changed since last report)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading
    Symbol(s)

     

    Name of each exchange on

    which registered

    Common Stock, par value $0.001 per share   HTGC   New York Stock Exchange
    6.25% Notes due 2033   HCXY   New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 7.01. Regulation FD Disclosure.

    On March 5, 2025, Hercules Capital, Inc. (the “Company”) issued a press release announcing that it priced its previously announced offering of $250.0 million aggregate principal amount of its Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company entered into a Purchase Agreement with representatives of the initial purchasers named therein (the “Purchase Agreement”) pursuant to which the Company, subject to certain closing conditions, agreed to issue $250.0 million in aggregate principal amount of its Convertible Notes in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted the initial purchasers an option to purchase up to an additional $37.5 million principal amount of the Convertible Notes to cover overallotments, if any. Closing is subject to a number of customary closing conditions and is expected to occur on March 10, 2025.

    A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.

    The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The furnishing of this information pursuant to Item 7.01 shall not be deemed an admission by the Company as to the materiality of such information.

    Item 9.01 Financial Statements and Exhibits

     

    (d)    Exhibits
    99.1    Press Release of Hercules Capital, Inc., dated March 5, 2025
    104    Cover Page Interactive Date File (embedded within the Inline XBRL document)

     


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      HERCULES CAPITAL, INC.
    March 5, 2025     By:  

    /s/ Seth H. Meyer

          Seth H. Meyer
          Chief Financial Officer
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