---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-014610"
form_type: "8-K"
ticker: "HRZN"
cik: "0001487428"
company_name: "Horizon Technology Finance Corp"
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:22:03.862586+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Horizon Tech completes MRCC merger; issues 20.37M shares, receives $141.1M cash

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-26-014610
- form_type: 8-K
- ticker: HRZN
- cik: 0001487428
- company_name: Horizon Technology Finance Corp
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000114036126014610/0001140361-26-014610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000114036126014610/ef20070439_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-014610
- JSON: https://secwatch.observer/filing/0001140361-26-014610.json
- Plain text: https://secwatch.observer/filing/0001140361-26-014610.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000114036126014610/0001140361-26-014610-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000114036126014610/0001140361-26-014610-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.