SOURCE: Technology Investment Capital Corp.

July 16, 2007 15:40 ET

TICC Closes Public Stock Offering Including Over-Allotment Option

GREENWICH, CT--(Marketwire - July 16, 2007) - Technology Investment Capital Corp. (the "Company") (NASDAQ: TICC) announced today the closing of its public offering of common stock on July 13, 2007. In connection with the closing, the underwriters exercised their over-allotment option and purchased an additional 187,500 shares, resulting in a total sale of 1,437,500 shares of the Company's common stock. The Company raised approximately $21.6 million in net proceeds in this offering, after deducting underwriting discounts and offering expenses.

The underwriter for the offering was Wachovia Securities.

About Technology Investment Capital Corp.

We are a publicly-traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of our financings vary, we look to invest primarily in the debt and equity of established technology-related businesses. Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

Contact Information

  • Contact:
    Bruce Rubin
    203-983-5280