Horizon Technology Finance Corp (HRZN): M&A transaction — Horizon Tech completes MRCC merger; issues 20.37M shares, receives $141.1M cash

Horizon Technology Finance Corp

Each MRCC share exchanged for 0.9402 HRZN share; legacy MRCC holders own 29.86% of combined company.
Combined pro forma net assets of ~$471.7M including ~$141.1M cash from MRCC asset sale.
HTFM agreed to waive up to $4M in management/incentive fees over four quarters starting Q3 2026.
Board reduced to 4 directors; Thomas Allison, former MRCC independent director, appointed.
Horizon affirms $10M stock repurchase program (trading below 90% NAV), expires June 2026.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Horizon Technology Finance Corp completed an acquisition involving Monroe Capital Corporation (MRCC) (closed 2026-04-14).

Action: acquisition
Counterparty: Monroe Capital Corporation (MRCC)
Closing: 2026-04-14

Exact text from the filing

On April 14, 2026, Horizon Technology Finance Corporation (the “Company”), a Delaware corporation, completed its previously announced acquisition of Monroe Capital Corporation (“MRCC”), a Maryland corporation, pursuant to that certain Agreement and Plan of Merger, dated August 7, 2025

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Horizon Technology Finance Corp entered into Letter Agreement with HRZN Advisor valued at $4.0 million (effective 2026-04-14).

Action: entry
Counterparty: HRZN Advisor
Value: $4.0 million
Effective: 2026-04-14

Exact text from the filing

On April 14, 2026, in connection with the completion of the Mergers, the Company and HRZN Advisor entered into a Letter Agreement (the “Letter Agreement”), pursuant to which HRZN Advisor agreed to waive an aggregate of $4.0 million in Base Management Fees and/or Incentive Fees (each as defined in the Investment Management Agreement (as defined below)) due and payable to HRZN Advisor pursuant to the terms of the Investment Management Agreement, dated as of March 31, 2025, by and between HRZN Advisor and the Company (the “Investment Management Agreement”) at the rate of $1.0 million per fiscal quarter commencing with the quarter ending September 30, 2026 (the “Fee Waiver”).

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Horizon Technology Finance Corp filing history →

Source: SEC EDGAR

accession 0001140361-26-014610

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