other material
confidence high
sentiment neutral
materiality 0.15
Hercules Capital shareholders approve below-NAV share issuance at reconvened annual meeting
Hercules Capital, Inc.
- Proposal 3 passed: 62.3M for, 14.9M against, 4.9M abstain.
- Authorization allows sale of common stock below NAV per share under set conditions.
- Meeting originally held June 20, 2024; adjourned to August 15, 2024 for this vote.
- As of record date (April 19, 2024), 162.2M common shares outstanding and entitled to vote.
- Approval gives HTGC flexibility for future equity raises at a discount to NAV.