Contact Information: Contact: Bruce Rubin 203-983-5280
TICC Closes Public Stock Offering Including Over-Allotment Option
| Source: Technology Investment Capital Corp.
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.