Hercules Capital, Inc. Announces Public Offering Of 6M Shares Of Common Stock
Portfolio Pulse from Happy Mohamed
Hercules Capital, Inc. (NYSE:HTGC) plans to make a public offering of 6 million shares of its common stock, with an option for underwriters to purchase up to an additional 900,000 shares. The net proceeds from this offering will be used to fund investments in debt and equity securities, repay indebtedness under its revolving credit facility, and for other general corporate purposes.
August 07, 2023 | 9:01 pm
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Hercules Capital's public offering of 6M shares could dilute existing shareholders' equity, but the proceeds will be used to fund investments and repay debt, which could strengthen the company's financial position.
The public offering could dilute the value of existing shares, which may negatively impact the stock price in the short term. However, the use of proceeds to fund investments and repay debt could strengthen the company's financial position and potentially boost the stock price in the long term.
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