---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-137207"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:00:49.087700+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital files to sell up to 25M shares via at-the-market equity distribution agreements

## Summary
- Entered equity distribution agreements with JMP Securities and Jefferies for ATM sales of up to 25,000,000 shares of common stock.
- Sales agents will receive commission of up to 2.0% of gross sales price for shares sold.
- Net proceeds to fund investments in debt/equity securities, acquisitions, debt retirement, and general corporate purposes.
- Shares may be sold on NYSE or through market makers; offering is under prospectus supplement dated May 5, 2023.
- Company has no obligation to sell any shares; sales at company's discretion.

## SEC filing metadata
- accession: 0001193125-23-137207
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312523137207/0001193125-23-137207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312523137207/d407180d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-137207
- JSON: https://secwatch.observer/filing/0001193125-23-137207.json
- Plain text: https://secwatch.observer/filing/0001193125-23-137207.txt

## Key facts
- Material Agreements
  Hercules Capital, Inc. entered into Equity Distribution Agreements with JMP Securities LLC and Jefferies LLC valued at up to 25,000,000 shares (effective 2023-05-05).
  - Action: entry
  - Agreement: atm program
  - Counterparty: JMP Securities LLC and Jefferies LLC
  - Value: up to 25,000,000 shares
  - Effective: 2023-05-05
  source text: the Company entered into equity distribution agreements (the “Equity Distribution Agreements”), each dated May 5, 2023, with each of JMP Securities LLC and Jefferies LLC (the “Sales Agents”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523137207/0001193125-23-137207-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.