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Source document· April 10, 2026

INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman

View original at globenewswire.com
INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman SAN FRANCISCO, April 10, 2026 (GLOBE NEWSWIRE) -- Hercules Capital (NYSE: HTGC) faces a securities class action lawsuit which seeks to represent investors who purchased or otherwise a…
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  • About 35% of the value of Hercules' loan portfolio is software-exposed, and despite billions worth of such debt across the industry falling into distressed territory, Hercules still marks its software book at 100 cents on the dollar

    60% confidence

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

    60% confidence

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

    60% confidence

  • As a result of overstated due diligence and misclassified portfolio investments, Hercules overstated or misrepresented its portfolio valuations and its net asset value (NAV)

    60% confidence

  • We're investigating Hunterbrook's allegations and, if true, whether Hercules misled investors about its sourcing, underwriting, marks, PIKs, and, ultimately its NAV

    60% confidence

  • A former member of Hercules' finance team provided information raising flags about the company's valuation process because, unlike other BDCs, the team was small and overstretched with few checks in place

    60% confidence

  • A growing share of Hercules' income is 'phantom' because of the company's increasing usage of payment-in-kind (PIK) loans to enable its borrowers to pay interest by adding to the principal of their debt rather than paying interest on their debt

    60% confidence

  • According to a former Hercules analyst who worked on deal sourcing, the company's deal sourcing process essentially amounted to 'go on the website for Google Ventures and just see what they invest in and just copy it'

    60% confidence
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What we're seeing
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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INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman — Source | Via News | ViaNews Market