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Source document· April 28, 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 28, 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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  • A growing share of Hercules' income is 'phantom' due to its increasing usage of payment-in-kind (PIK) loans that enable borrowers to pay interest by adding to the principal of their debt rather than paying cash interest

    60% confidence

  • Hagens Berman is 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 indicating the team was small and overstretched with few checks in place compared to other BDCs, raising flags about the company's valuation process

    60% confidence

  • Hercules is among the most software-exposed BDCs with approximately 35% of the value of its loan portfolio in software, yet despite billions in such debt falling into distressed territory industry-wide, Hercules still marks its software book at 100 cents on the dollar

    60% confidence

  • According to a former Hercules analyst who worked on deal sourcing, Hercules Capital's deal sourcing process amounted to copying investments published on Google Ventures' website

    60% confidence

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

    60% confidence

  • Hagens Berman's team has secured more than $2.9 billion in securities and corporate accountability litigation

    60% confidence

  • Hercules overstated the due diligence in its deal sourcing and loan origination process, overstated the due diligence in its portfolio valuation process, and reported misclassified portfolio investments, resulting in overstated or misrepresented portfolio valuations and NAV

    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