secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Technology Finance Corp (HRZN)
CIK:        0001487428
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001437749-23-029523
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Tech Finance Q3 NII $0.53/sh, NAV falls to $10.41 on credit losses; declares $0.38/sh distributions
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- NII of $17.4M ($0.53/sh) vs $11.1M ($0.43/sh) a year ago; debt portfolio yield 17.1%.
- NAV per share $10.41, down from $11.47 at Dec 2022, due to $11.8M realized loss and $17.5M unrealized depreciation.
- Declared monthly distributions of $0.11/sh for Jan-Mar 2024 plus special $0.05/sh in Dec 2023; total $0.38/sh.
- Subsequent to quarter end, Evelo equity fair value dropped from $8.5M to $1.1M after $11M loan paydown.
- ATM raised $13.9M net; undistributed spillover income $1.23/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487428/000143774923029523/0001437749-23-029523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487428/000143774923029523/hrzn20231030c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029523

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