LOS ANGELES, April 13, 2026 (GLOBE NEWSWIRE) — The Portnoy Law Firm<\/a> advises\u00a0Hercules Capital, Inc., (\u201cHercules\u201d or the “Company”) (NYSE: HTGC) investors of a class action on behalf of investors that bought securities between May 1, 2025 and\u00a0January 27, 2026, inclusive (the \u201cClass Period\u201d). Hercules investors have until May 21, 2026 to file a lead plaintiff motion.<\/p>\n Investors are encouraged to contact attorney Lesley F. Portnoy<\/a>,\u00a0by phone 310-692-8883 or email<\/a>: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https:\/\/portnoylaw.com\/hercules-capital-inc<\/a>. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors\u2019 options for pursuing claims to recover their losses.<\/p>\n On February 27, 2026, Hunterbrook Media published a report stating that, \u201caccording to a former Hercules analyst who worked on deal sourcing\u201d the Company\u2019s process for deal sourcing essentially amounted to \u201c[g]o[ing] on the website for Google Ventures and just see what they invest in and just copy it.\u201d The report stated, according to a former employee, deal sourcing managers \u201cdon\u2019t want anything else,\u201d and essentially just rely on other investors to have done due diligence, instead of doing their own.<\/p>\n The report continued, revealing that, \u201conce Hercules makes the loans, the valuation process itself may warrant scrutiny,\u201d as \u201c[a] former member of Hercules\u2019 finance team described a small, overstretched team with few checks in place.\u201d The report revealed the valuations team \u201cconsisted of just four people in a single reporting line responsible for dozens of companies,\u201d with \u201cfew checks or cross-team review.\u201d<\/p>\n The report also alleged that Hercules Capital underrepresents its significant software debt exposure in part, by \u201cassign[ing] certain businesses that describe themselves as software companies to categories outside of software.\u201d The report also cast doubt on to the Company\u2019s book value, which marks its software debt \u201cat 100 cents on the dollar\u201d despite \u201cbillions worth of [software] debt across the industry falling into distressed territory.\u201d<\/p>\n On this news, Hercules Capital\u2019s stock price fell $1.22, or 7.9%, to close at $14.21 per share on February 27, 2026, on unusually heavy trading volume.<\/p>\n The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm\u2019s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n
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