Every material Form 8-K Hercules Capital, Inc. has filed with the SEC since September 17, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hercules Capital reported third-quarter 2026 results, with total investment income up 1.5% year-over-year to $140.1 million, but net investment income fell to $87.3 million, or $0.47 per share, from $88.6 million, or $0.49 per share, a year earlier. The company attributed the NII decline mainly to lower early loan repayments and higher interest expense, and it declared a $0.47 per share third-quarter distribution payable November 17, 2026. Nine-month total investment income and NII both reached records, at $430.8 million and $268.4 million.
Q3 2026 NII was $87.3 million, or $0.47 per share, versus $88.6 million, or $0.49 per share, in Q3 2025.
Total investment income was $140.1 million, up from $138.1 million in Q3 2025.
Board declared a $0.47 per share distribution with an ex-dividend and record date of November 10, 2026, payable November 17, 2026.
Net asset value per share was $12.26, up 0.9% from Q2 2026; year-to-date new commitments were $3.44 billion, up 20.0%.
Hercules Capital, Inc. closed the sale of $400 million in aggregate principal amount of 6.700% Notes due October 8, 2029, on October 8, 2026, under a previously announced public offering. The company expects to use the net proceeds to repay outstanding indebtedness, fund investments and for general corporate purposes, which adds fixed-rate debt to its balance sheet.
Principal amount: $400 million; interest of 6.700% per year, paid semiannually on April 8 and October 8, starting April 8, 2027
Maturity: October 8, 2029, unless previously redeemed or repurchased
Notes are unsecured and rank senior to subordinated debt, but effectively rank junior to secured indebtedness
Underwriting agreement dated October 5, 2026 with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives; trustee is U.S. Bank Trust Company, National Association
Hercules Capital increased its board from seven to eight directors and elected Alfred B. Fichera, a former KPMG audit partner, as an independent director effective September 17, 2026. He will serve on the Audit Committee, and the filing says he will receive standard non-employee director compensation.
Board expanded from seven to eight directors on September 17, 2026 to fill the new seat
Fichera is a Class I director with a term expiring in 2029 and serves on the Audit Committee
Fichera served at KPMG LLP from 1982 until retiring in 2019, including as an audit partner for nearly 25 years
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Hercules Capital, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →