Hercules Capital shareholders authorize below-NAV stock issuance at reconvened annual meeting

Hercules Capital, Inc.

Proposal 4 passed at reconvened meeting on July 20, 2023: For 58.2M, Against 14.8M, Abstain 3.4M shares.
Authorization allows issuance of common stock below current NAV per share under specified conditions.
Meeting was initially held June 22, 2023 and adjourned solely for this vote.
Common stock outstanding entitled to vote: 142,427,079 shares.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Hercules Capital, Inc. shareholders approved Authorization of the Company to sell or issue shares of its common stock at a price below its then-current NAV per share at the 2023-07-20 meeting.

Outcome: passed
Meeting: 2023-07-20

Exact text from the filing

Stockholders authorized the Company to sell or issue shares of its common stock at a price below its then-current NAV per share, subject to the conditions set forth in Proposal 4. Detailed results of this vote are below. The results of the votes held on June 22, 2023 were previously reported on the Company’s Current Report on Form 8-K filed with the Commission on June 23, 2023. For Against Abstain Proposal 4 58,184,204 14,750,391 3,386,164

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Hercules Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-190515

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