secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001280784-25-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hercules Capital reports record full-year NII $325.8M, supplemental dividend $0.28/share
--------------------------------------------------------------------------------

- Q4 NII $81.1M ($0.49/share) covers 123% of base distribution; NAV up 2.3% to $11.66.
- Record FY2024 total investment income $493.6M (+7.1% YoY); gross fundings $1.81B (+13.0% YoY).
- New supplemental dividend program for 2025: $0.28/share payable over four quarters.
- Non-accrual loans fell to 1 loan (0.5% of portfolio at fair value) from 2 in prior quarter.
- Net GAAP leverage 89.6%; available liquidity $658.8M; $578.5M pending commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000128078425000008/0001280784-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000128078425000008/htgc-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001280784-25-000008

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