Hercules Capital Inc. priced a public offering of 6 million common shares at $12.15 apiece.
The company has also granted the underwriters an option to buy up to an additional 900,000 shares.
The offering, which is expected to close June 14, will generate about $72.9 million in gross proceeds.
Hercules intends to use the net proceeds to fund investments in debt and equity securities in accordance with its investment objective, to make acquisitions and for other general corporate purposes.
Wells Fargo Securities, Morgan Stanley, Jefferies LLC and Keefe Bruyette & Woods are acting as joint book-running managers for the offering, with Compass Point as lead manager.
