Hercules Capital Inc. looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate...
Hercules Capital Inc.
looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by regulators to place SIVB Financial Group’s SIVB Silicon Valley Bank in receivership. Shares of the specialty finance company, which provides loans to venture-capital backed startups, dropped 5.5% toward a five-month low in premarket trading Monday, after tumbling 19.5% over the past two sessions as SVB troubles became public.
looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by regulators to place SIVB Financial Group’s SIVB Silicon Valley Bank in receivership. Shares of the specialty finance company, which provides loans to venture-capital backed startups, dropped 5.5% toward a five-month low in premarket trading Monday, after tumbling 19.5% over the past two sessions as SVB troubles became public.
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