TriplePoint Venture Growth BDC Corp

Item 1. Legal Proceedings

In June 2023, a shareholder filed a putative securities class action complaint against the Company and certain of its directors and officers. Case No. 3:23-cv-02980 (N.D. Cal.). The complaint alleged violations of federal securities laws during a class period between March 4, 2020 and May 1, 2023. As relief, the plaintiff sought, among other things, unspecified damages and fees and costs. The Court appointed a lead plaintiff in September 2023, and an amended complaint was filed on December 5, 2023. Defendants filed a motion to dismiss on January 10, 2024, and the Court held a hearing on the motion on February 20, 2024. The Court granted the motion to dismiss without leave to amend on August 7, 2024, and entered final judgment for defendants and against the plaintiff on September 19, 2024.

In December 2023, a shareholder filed a derivative complaint against certain of the Company’s officers and directors, with the Company as a nominal defendant. Case No. 4:23-cv-06557 (N.D. Cal.). The complaint alleged breaches of fiduciary duty and related state and federal claims. As relief, the plaintiff sought, among other things, unspecified damages and fees and costs, and corporate governance reforms. In January 2024, a shareholder filed a substantially similar derivative complaint. Case No. 4:24-cv-00245 (N.D. Cal.). The cases were consolidated on March 1, 2024. Lead Case No. 4:23-cv-06557 (N.D. Cal.). On September 17, 2024, the plaintiffs stipulated to dismiss the case without prejudice, and the Court dismissed the case.