Welcome to our dedicated page for Hercules Capital news (Ticker: HTGC), a resource for investors and traders seeking the latest updates and insights on Hercules Capital stock.
Hercules Capital, Inc. provides senior secured venture growth loans to high-growth, venture capital-backed and institutional-backed companies, with an emphasis on technology and life sciences industries. Its updates commonly address debt and equity commitments, loan fundings, portfolio-company financings, net investment income, net asset value, leverage, available liquidity and recurring cash distributions.
Hercules also reports developments involving credit ratings, annual meeting and proxy matters, executive leadership, and its asset management activity through Hercules Adviser LLC and related Adviser Funds. The company’s common stock trades on the NYSE under HTGC, and its retail notes trade under HCXY.
Hercules Capital (NYSE: HCXY, HTGC) reported record first-half 2026 activity, including total new debt and equity commitments of $2.74 billion, up 35.6% year-over-year, and total fundings of $1.35 billion, up 8.5%. First-half 2026 total investment income reached $290.7 million, an increase of 13.1%, while net investment income (NII) was $181.0 million, up 8.9%.
For Q2 2026, Hercules posted record total investment income of $149.1 million, up 8.5% year-over-year, and record NII of $92.9 million, up 4.7%, or $0.50 per share, providing 125% coverage of the base cash distribution. The company reported net GAAP leverage of 101.8% and net regulatory leverage of 86.4%, over $1.0 billion of available liquidity including adviser-managed funds, undistributed earnings spillover of $171.7 million (or $0.92 per ending share), and approximately $6.1 billion of assets under management, up 14.4% year-over-year. Hercules scheduled its Q2 2026 earnings conference call for July 30, 2026.
Hercules Capital (NYSE: HTGC) declared a second quarter 2026 total cash distribution of $0.47 per share, consisting of a $0.40 base distribution and a $0.07 supplemental distribution. The record date is August 11, 2026, with payment on August 18, 2026.
The Board follows a variable distribution policy targeting approximately 90%–100% of taxable quarterly or potential annual income, and may add supplemental distributions to distribute most annual taxable income or spill excess into the next year. For the quarter ended June 30, 2026, 100% of distributions were from current and accumulated earnings and profits. Year-to-date through June 30, 2026, 78.65% of distributions on Hercules’ common stock are designated as Qualified Interest Income.
Hercules Capital (NYSE: HTGC, Nasdaq: HCXY) closed an underwritten institutional offering of $325.0 million aggregate principal amount of 6.300% unsecured notes due July 24, 2031. The notes pay interest semiannually, are redeemable at the company’s option at par plus any applicable make‑whole premium, and received initial ratings of Baa2 from Moody’s and BBB- from Fitch.
According to Hercules Capital, net proceeds are expected to be used to repay outstanding unsecured and/or secured indebtedness under existing financing arrangements, fund new investments consistent with its investment objectives, and for general corporate purposes.
Hercules Capital (NYSE: HTGC) priced an underwritten public offering of $325.0 million aggregate principal amount of unsecured 6.300% Notes due July 24, 2031. Interest is payable semiannually. Closing is subject to customary conditions and the Notes are expected to be delivered and paid for on July 24, 2026.
The Notes may be redeemed, in whole or in part, at Hercules Capital’s option at par plus a make-whole premium, if applicable. According to the company, net proceeds are expected to be used to repay existing unsecured and/or secured indebtedness, fund investments consistent with its objectives, and for general corporate purposes.
Hercules Capital (NYSE: HTGC) will release its second quarter 2026 financial results on Thursday, July 30, 2026, after market close, followed by a conference call at 2:00 p.m. PT (5:00 p.m. ET). Investors can participate via toll-free and international dial-in numbers or a live webcast on the Investor Resources section of the company’s website, where an archived replay will also be available.
Behavox, an AI-native controls platform for financial institutions, raised $175 million in preferred equity from funds managed by HPS Investment Partners, part of BlackRock. The funding aims to accelerate global growth, expand its Unified Controls Platform, and support disciplined M&A.
Behavox fully repaid a $70 million venture-debt facility with Hercules Capital (NYSE: HTGC), has been profitable since 2023, grew its customer base 86% to over 100 major institutions, and reports Polaris trade-surveillance pipeline growth above 80% since the start of the year.
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Perk, an AI-native travel and spend management platform, closed a $300 million private credit facility led by Neuberger Specialty Finance with participation from Blue Owl Capital (NYSE: OWL), Hercules Capital and Liquidity.
The facility replaces Perk’s 2024 credit line on improved terms and supports global growth, after 2025 annualized revenue topped $300 million with 48% revenue growth and gross margins rising from 40% to the mid-70s over three years.
Hercules Capital (NYSE: HCXY) will hold its 2026 Annual Meeting of Stockholders virtually on June 18, 2026 at 9:00 a.m. Eastern Time. The proxy statement was filed April 23, 2026 for holders of record as of April 9, 2026.
Matters to be voted on include director election, advisory votes on executive compensation and frequency, amendments to the 2018 Equity Incentive Plan and 2018 Non-Employee Director Plan, and ratification of PricewaterhouseCoopers LLP as independent auditors for 2026.
Hercules Capital (NYSE: HCXY) reported Q1 2026 results with record $1.81B total new debt and equity commitments (+77.8% YoY) and $706.4M total fundings (+31.0% YoY). Q1 investment income was $141.5M and NII was $88.1M ($0.48 per share), providing 120% coverage of the base cash distribution. Closed a $300.0M institutional notes offering at 5.350% due 2029. Assets under management were approximately $6.1B (+21.8% YoY) with over $1.0B available liquidity and reported net GAAP leverage of 113.5%.