Hercules Capital, Inc. (NYSE:HTGC) Files An 8-K Other EventsItem 8.01
On December 19, 2016, Hercules Capital Inc. (the “Company”) entered into a Confidential Settlement Agreement (the “Settlement Agreement”) with all defendants in connection with a litigation matter (“the Action”) filed in November 2014.
In connection with the Settlement Agreement, the Action was settled among the parties and the Company received a settlement payment in the amount of $8 million dollars. The Settlement Agreement also provides a mutual release by the Company and the defendants of any and all claims and cross-claims that were asserted in the Action, the circumstances and events underlying the Action and attorney’s fees and costs related thereto. The Settlement Agreement does not constitute an admission of liability, fault, or wrongdoing by any party.
About Hercules Capital, Inc. (NYSE:HTGC)
Hercules Capital, Inc., formerly Hercules Technology Growth Capital, Inc., is a specialty finance company. The Company is focused on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses its investments in companies active in the technology industry sub-sectors characterized by products or services, including computer software and hardware; networking systems; semiconductors; semiconductor capital equipment; information technology infrastructure or services; Internet consumer and business services; telecommunications; telecommunications equipment, and media. Within the life science sub-sector, the Company focuses on medical devices, bio-pharmaceutical, drug discovery, drug delivery, healthcare services and information systems companies. Hercules Capital, Inc. (NYSE:HTGC) Recent Trading Information
Hercules Capital, Inc. (NYSE:HTGC) closed its last trading session up +0.21 at 13.99 with 383,472 shares trading hands.