GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS OF HERCULES CAPITAL, INC. (NYSE: HTGC)
Grabar Law Office is investigating claims on behalf of shareholders of Hercules Capital Inc. (NYSE: HTGC). The investigation concerns whether certain officers and directors of Hercules Capital breached their fiduciary duties owed to the Company.
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases, and more.
If you purchased Hercules Capital Inc. (NYSE: HTGC) shares prior to May 1, 2025, and continue to hold shares today, you are encouraged to contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You may be able to seek corporate governance reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever.
Why? According to a recently filed federal securities fraud class action complaint, Hercules Capital Inc. (NYSE: HTGC), through certain of its officers, made materially false and misleading statements or failed to disclose that: (1) Hercules Capital overstated the due diligence with which it conducted its deal sourcing and/or loan origination process; (2) Hercules Capital overstated the due diligence with which it conducted its portfolio valuation process; (3) Hercules Capital reported misclassified portfolio investments; (4) as a result of the foregoing, Hercules Capital overstated and/or misrepresented its portfolio valuations; and (5) as a result of the foregoing, defendants' positive statements about Hercules Capital's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Can You Do Now? If you purchased or otherwise acquired Hercules Capital Inc. (NYSE: HTGC) shares prior to May 1, 2025, and still hold shares today, you may have legal claims and may be able to seek corporate reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever. For more information, please contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.