Correspondence 0001193125-23-123329 from Hercules Capital, Inc. (HCXY, HTGC) (CIK 0001280784) (HCXY)
Hercules Capital, Inc. (HCXY, HTGC) (CIK 0001280784)
Date: April 27, 2023 · CIK: 0001280784 · Accession: 0001193125-23-123329
AI Filing Summary & Sentiment
File numbers found in text: 814-00702
Letter
Re: Hercules Capital, Inc.
April 27, 2023
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549-6010
Attention: Alison White
Preliminary Proxy Statement on Schedule 14A
Filed April 17, 2023
File No. 814-00702
Ladies and Gentlemen,
On behalf of our client, Hercules Capital, Inc. (the “Company”), we are responding to a supplemental comment from the Staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) relating to the Company’s Preliminary Proxy Statement on Schedule 14A (the “Preliminary Proxy Statement”) as communicated via telephone on April 26, 2023. The Company respectfully confirms to the Staff that the Company matched $134,106 in employee charitable contributions during the fiscal year ended December 31, 2022. According to Company policies, employees are required to submit a match request with supporting documentation to be eligible for a Company charitable match of up to $10,000 per employee. No officers of the Company are involved in determining which charities are chosen by the employees or how much to match towards a particular charity. Company policies with respect to charitable donation matches include (a) a requirement that the organization must be a social service, charitable, or environmental organization that is a 501(c) not-for-profit organization and (b) potential additional documentation required for any organization that is not easily identifiable as a qualified organization. The Company separately tracks via annual questionnaires any non-profit boards on which directors and officers sit. The Company believes this process is in compliance with the applicable requirements of the Investment Company of 1940 Act (the “1940 Act”), including Section 17 thereof.
* * *
Please contact me at (215) 994-2277 if you have any questions regarding the foregoing.
Page 2
Sincerely,
/s/ Ian Hartman
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CORRESP 1 filename1.htm CORRESP April 27, 2023 Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549-6010 Attention: Alison White Re: Hercules Capital, Inc. Preliminary Proxy Statement on Schedule 14A Filed April 17, 2023 File No. 814-00702 Ladies and Gentlemen, On behalf of our client, Hercules Capital, Inc. (the “Company”), we are responding to a supplemental comment from the Staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) relating to the Company’s Preliminary Proxy Statement on Schedule 14A (the “Preliminary Proxy Statement”) as communicated via telephone on April 26, 2023. The Company respectfully confirms to the Staff that the Company matched $134,106 in employee charitable contributions during the fiscal year ended December 31, 2022. According to Company policies, employees are required to submit a match request with supporting documentation to be eligible for a Company charitable match of up to $10,000 per employee. No officers of the Company are involved in determining which charities are chosen by the employees or how much to match towards a particular charity. Company policies with respect to charitable donation matches include (a) a requirement that the organization must be a social service, charitable, or environmental organization that is a 501(c) not-for-profit organization and (b) potential additional documentation required for any organization that is not easily identifiable as a qualified organization. The Company separately tracks via annual questionnaires any non-profit boards on which directors and officers sit. The Company believes this process is in compliance with the applicable requirements of the Investment Company of 1940 Act (the “1940 Act”), including Section 17 thereof. * * * Please contact me at (215) 994-2277 if you have any questions regarding the foregoing. Page 2 Sincerely, /s/ Ian Hartman Ian Hartman, Esq., Dechert LLP cc: (via email) Kiersten Zaza Botelho, General Counsel Jay Alicandri, Esq., Dechert LLP William Bielefeld, Esq., Dechert LLP Anna Tomczyk, Esq., Dechert LLP