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Source document· March 25, 2026

Hercules Capital (HTGC) Faces Securities Class Action After Short Seller Claims Company Copied Google Ventures, Questions Marks and PIKs -- Hagens Berman

View original at globenewswire.com
Hercules Capital (HTGC) Faces Securities Class Action After Short Seller Claims Company Copied Google Ventures, Questions Marks and PIKs -- Hagens Berman SAN FRANCISCO, March 25, 2026 (GLOBE NEWSWIRE) -- Hercules Capital (NYSE: HTGC) faces a securities class action lawsuit which seeks to represent investors who purchas…
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  • Investigating whether Hercules misled investors about its sourcing, underwriting, marks, PIKs, and ultimately its NAV

    60% confidence

  • Hercules' finance team was small and overstretched with few checks in place compared to other BDCs

    60% confidence

  • A growing share of Hercules' income is phantom because of the company's increasing usage of payment-in-kind loans

    60% confidence

  • Despite billions worth of software debt across the industry falling into distressed territory, Hercules still marks its software book at 100 cents on the dollar

    60% confidence

  • Hercules has assured investors about the robust origination process for sourcing potential investments and the effectiveness of its due diligence process

    60% confidence

  • Hercules overstated the due diligence with which it conducted its deal sourcing and loan origination process, overstated the due diligence in its portfolio valuation process, and reported misclassified portfolio investments

    60% confidence

  • Hercules' deal sourcing process essentially amounted to going on the website for Google Ventures and just seeing what they invest in and copying it

    60% confidence

  • About 35% of the value of Hercules' loan portfolio is software-exposed

    60% confidence

  • Hercules overstated or misrepresented its portfolio valuations and its net asset value

    60% confidence
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Q4 2026 Biotech Catalyst Window: ESMO Data, the Ivonescimab PDUFA and Small-Cap Delistings
Mid-October to November 2026 is a dense catalyst period for clinical-stage biotech. Positive late-stage readouts (ALOFT-IPF, TELIGAN, MIUDELLA, the duvakitug extension) and the ESMO 2026 presentations lead up to the FDA's 14 November PDUFA date for the ivonescimab BLA. At the opposite end of the market, Spago Nanomedical is moving to delist from Nasdaq First North, which shows how hard it is for micro-cap developers to fund themselves. Value is concentrating in companies with late-stage data and near-term regulatory outcomes.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
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Hercules Capital (HTGC) Faces Securities Class Action After Short Seller Claims Company Copied Google Ventures, Questions Marks and PIKs -- Hagens Berman — Source | Via News | ViaNews Market