Hercules Technology Prices $62.5M Offering

Hercules Technology Growth Capital (NASDAQ: HTGC) has priced a public offering of 6.25 million shares of common stock at $10 per share, valuing the total offering at $62.5 million. RBC Capital Markets, JMP Securities and Stifel Nicolaus Weisel are leading the underwriting. The specialty finance company provides loans to PE- and VC-backed companies in the technology, clean technology and life sciences industries. HTGC plans to use the net proceeds partly to fund additional growth through possible portfolio acquisitions and to fund investments in debt and equity securities.