Hercules Capital Announces the Expansion and Appointment of Carol L. Foster to Its Board of Directors
January 15 2019 - 6:00AM
Business Wire
The Expansion to Eight Directors Further
Enhances the Board’s Diversity
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the
“Company”), the leading specialty finance company to innovative,
venture growth, pre-IPO and M&A stage companies backed by
leading and top-tier venture capital firms, today announced that
Carol L. Foster was appointed to serve as a member of its board of
directors, effective January 11, 2019. Ms. Foster is a seasoned
financial executive with more than 30 years of investment banking
and operational financial management experience.
“As Hercules continues to grow and expand its platform, we
remain steadfast to ensuring our board also reflects our commitment
to seeking highly qualified, experienced and diverse board
members,” said Manuel A. Henriquez, chairman and chief executive
officer of Hercules. “With Carol’s appointment, we have
accomplished both of our objectives, adding a highly experienced
executive and enhancing the diversity of our board with her wealth
of financial operating and investment experience. We are pleased to
welcome Carol to our board and look forward to her
contributions.”
Ms. Foster is currently serving as Chief Operating Officer and
Chief Financial Officer at SharesPost, Inc., a leading provider of
liquidity solutions to late-stage, private growth tech companies.
Prior to joining SharesPost, Carol was CFO of PENSCO, a custodian
of $15.0 billion in alternative assets. Carol has been an executive
team member in leading investment banking and asset management
firms and has deep experience in the alternative asset space. She
has held positions at Pantheon Ventures, Calera Capital, Merrill
Lynch, Goldman Sachs and Accenture.
Ms. Foster received her Bachelor of Science degree in Operations
Research from Southern Methodist University and her Master of
Business Administration degree in Finance and Management of
Organizations from Columbia University Graduate School of
Business.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) is the leading
and largest specialty finance company focused on providing senior
secured venture growth loans to high-growth, innovative venture
capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since
inception (December 2003), Hercules has committed more than $8.2
billion to over 440 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol “HTGC.” In addition, Hercules has
six outstanding bond issuances of 6.25% Notes due 2024 (NYSE:
HTGX), 4.375% Convertible Notes due 2022, 4.625% Notes due 2022,
5.25% Notes due 2025 (NYSE: HCXZ), 6.25% Notes due 2033 (NYSE:
HCXY), and the 4.605% Asset-backed Notes due 2027.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. You should understand that under Section 27A(b)(2)(B) of
the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of
the Securities Exchange Act of 1934, as amended, or the Exchange
Act, the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 do not apply to forward-looking
statements made in periodic reports we file under the Exchange
Act.
The information disclosed in this press release is made as of
the date hereof and reflects Hercules’ most current assessment of
its historical financial performance. Actual financial results
filed with the Securities and Exchange Commission may differ from
those contained herein due to timing delays between the date of
this release and confirmation of final audit results. These
forward-looking statements are not guarantees of future performance
and are subject to uncertainties and other factors that could cause
actual results to differ materially from those expressed in the
forward-looking statements including, without limitation, the
risks, uncertainties, including the uncertainties surrounding the
current market volatility, and other factors the Company identifies
from time to time in its filings with the Securities and Exchange
Commission. Although Hercules believes that the assumptions on
which these forward-looking statements are based are reasonable,
any of those assumptions could prove to be inaccurate and, as a
result, the forward-looking statements based on those assumptions
also could be incorrect. You should not place undue reliance on
these forward-looking statements. The forward-looking statements
contained in this release are made as of the date hereof, and
Hercules assumes no obligation to update the forward-looking
statements for subsequent events.
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version on businesswire.com: https://www.businesswire.com/news/home/20190115005213/en/
Michael HaraInvestor Relations and Corporate
CommunicationsHercules Capital, Inc.650-433-5578mhara@htgc.com
Hercules Capital (NYSE:HTGC)
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