secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001193125-23-135976
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hercules Capital posts record Q1 NII of $0.48/sh; NAV up 2.8% to $10.82
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- Record Q1 net investment income $65.5M ($0.48/sh), up 83% YoY; total investment income $105.1M, up 61.3%.
- Total gross fundings $476.2M (record Q1); portfolio yield 15.1% GAAP, core yield 14.0%.
- NAV per share $10.82 at March 31, up 2.8% from Q4 2022; available liquidity $553.1M.
- Q1 dividend $0.47/sh declared (payable May 23, record May 16); 123% NII coverage of base distribution.
- Signed non-binding term sheets of $510M as of May 4; portfolio M&A includes IVERIC Bio acquisition for ~$5.9B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312523135976/0001193125-23-135976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312523135976/d283708d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-135976

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer