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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

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

    60% confidence

  • Investigating whether Hercules misled investors about its sourcing, underwriting, marks, PIKs, and ultimately its NAV

    60% confidence

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

    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

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

    60% confidence

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

    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

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

    60% confidence
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A dense wave of AI-sector funding (Socure, Stability AI, Emerald AI, Generalist AI, Gatik, Regent Craft and others closing rounds on the same day) and strong enterprise-automation earnings (UiPath raising full-year guidance) point to continued heavy capital deployment into AI infrastructure, fintech-adjacent AI, and agentic automation. Yet Palantir's stock fell even after winning the Army's high-profile TITAN contract, and commentary (e.g., the Alphabet bull case citing AI capex and regulatory risk) signals growing investor unease about whether current AI valuations and spending levels are sustainable.
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ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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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