---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-025481"
form_type: "8-K"
ticker: "HRZN"
cik: "0001487428"
company_name: "Horizon Technology Finance Corp"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:26:14.703696+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HRZN to acquire MRCC in NAV-for-NAV merger; asset sale to MCIP precedes close

## Summary
- MRCC to merge into HRZN in NAV-for-NAV share exchange; former MRCC shareholders to own ~37% of combined company.
- Combined pro forma NAV ~$446M as of June 30, 2025; HTFM to waive $4M in fees over first four quarters post-close.
- Asset sale of MRCC's assets to MCIP for cash at fair value immediately before merger; deal expected Q4 2025.
- Merger structured as tax-free reorganization under Section 368(a); HRZN continues as public company on Nasdaq.

## SEC filing metadata
- accession: 0001437749-25-025481
- form_type: 8-K
- ticker: HRZN
- cik: 0001487428
- company_name: Horizon Technology Finance Corp
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025481/0001437749-25-025481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025481/hrzn20250807_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-025481
- JSON: https://secwatch.observer/filing/0001437749-25-025481.json
- Plain text: https://secwatch.observer/filing/0001437749-25-025481.txt

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