Stockholder Notice: Robbins LLP Informs Investors of the Hercules Capital, Inc. Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Hercules Capital, Inc. (NYSE: HTGC) for allegedly misleading investors regarding its due diligence in deal sourcing, loan origination, and portfolio valuation [1][2]. Group 1: Allegations and Investigations - Robbins LLP is investigating allegations that Hercules Capital overstated its due diligence in deal sourcing and loan origination processes [2]. - The complaint claims that the company misclassified portfolio investments and misrepresented its portfolio valuations, leading to materially misleading statements about its business and operations [2]. - A report by Hunterbrook Media suggests that Hercules Capital's deal sourcing relied heavily on copying investments from Google Ventures, rather than conducting its own due diligence [3]. Group 2: Valuation Concerns - The report raises concerns about the company's valuation process, indicating a small team with inadequate checks in place, which contrasts with practices at other public companies [3]. - Allegations include that Hercules Capital underrepresents its software debt exposure by categorizing certain software companies outside of the software category [3]. - The report also questions the company's book value, noting that it marks its software debt at 100 cents on the dollar despite significant industry distress [3]. Group 3: Market Reaction - Following the publication of the report on February 27, 2026, Hercules Capital's stock price fell by $1.22, or 7.9%, closing at $14.21 per share [3].