Power Medical Interventions Completes Initial Public Offering

Published: Oct 29, 2007

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC - News), the premier specialty finance company providing venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development, today noted that its portfolio company, Power Medical Interventions, Inc., completed its initial public offering on October 26, 2007. Power Medical Interventions, a leader in developing and commercializing Intelligent Surgical Instruments™, included 3,850,000 shares of its common stock at $11.00 per share in the offering. Shares of the company are trading on the NASDAQ Global Market under the symbol “PMII.”

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