---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-025489"
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: "2026-05-17T17:26:05.401982+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HRZN Q2 NII $0.28/share, NAV $6.75; announces merger with MRCC

## Summary
- Net investment income $11.4M ($0.28/share) vs $12.9M ($0.36/share) in Q2 2024, down 11%.
- NAV per share fell to $6.75 from $9.12 a year ago; net decrease in net assets $20.8M.
- Debt portfolio yield 15.8%; total portfolio $622.7M, committed backlog $149M.
- Entered merger agreement for MRCC to merge into HRZN, subject to shareholder approvals.
- Board boosted stock repurchase authorization to $10M; declared $0.33/share in monthly distributions.

## SEC filing metadata
- accession: 0001437749-25-025489
- 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: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025489/0001437749-25-025489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025489/hrzn20250807d_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-025489
- JSON: https://secwatch.observer/filing/0001437749-25-025489.json
- Plain text: https://secwatch.observer/filing/0001437749-25-025489.txt

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