Alector Secures Flexible Credit Facility for Up to $50 Million From Hercules Capital [Yahoo! Finance]
Hercules Capital, Inc. (HTGC)
Last hercules capital, inc. earnings: 2/20 04:10 pm
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Source: Yahoo! Finance
immuno-neurology, today announced that the Company has entered into a debt financing agreement with Hercules Capital, Inc. (NYSE: HTGC) for up to $50 million. “Alector is in a strong cash position with more than $457 million in cash and investments. This credit facility further enhances our financial strength and provides the Company with increased strategic and operational flexibility,” said Marc Grasso, M.D., Chief Financial Officer of Alector. “We anticipate transformational data from both the AL002 INVOKE-2 Phase 2 trial and the latozinemab INFRONT-3 pivotal Phase 3 trial within our runway. This credit facility provides additional funding to advance our preclinical pipeline including our proprietary, versatile Alector Brain Carrier blood-brain barrier platform and programs.” Under the terms of the agreement, Alector drew an initial $10 million at closing. An additional $15 million is available at the Company's request through June 30, 2026, with an additional $25 million avail
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News
- Remodel Health Raises More Than $100 Million to Continue Expansion in ICHRA Market [Yahoo! Finance]Yahoo! Finance
- Remodel Health Raises More Than $100 Million to Continue Expansion in ICHRA MarketPR Newswire
- Hercules Capital, Inc. (NYSE: HTGC) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $21.50 price target on the stock, up previously from $19.50.MarketBeat
- Hercules Capital, Inc. (NYSE: HTGC) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $22.00 price target on the stock.MarketBeat
- Hercules Capital Renews and Increases Its Multi-Currency SMBC Credit Facility to $300.0 Million [Yahoo! Finance]Yahoo! Finance
HTGC
Earnings
- 10/30/24 - Miss
HTGC
Sec Filings
- 12/12/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/11/24 - Form N-2ASR
- HTGC's page on the SEC website