- The 6.6M share offering priced at $13.64 each for total gross proceeds of about $90M. The underwriters have the option to purchase up to another 990K shares at that price.
- The share sale has curious timing given management's apparent belief in early March that the stock price was too cheap - the company launched a $50M buyback on March 4, and the price is lower today than it was then.
- Source: Press Release
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NYSE:HTGC -3.6% premarket to $13.42.
- Previously: Hercules Technology Growth -4.1% on secondary (March 23)