Horizon Technology Finance to acquire Monroe Capital Corporation in stock-for-stock merger

Horizon Technology Finance Corp

Each MRCC common share converted into HRZN common shares at an exchange ratio based on NAV per share as of determination date.
Closing expected Q4 2025; subject to HRZN and MRCC stockholder approvals, regulatory clearances, and HSR waiting period.
HRZN Advisor agrees to waive $4.0M in management/incentive fees over four quarters post-closing.
Termination fees: ~$11M if HRZN acquired by third party; ~$5.4M if MRCC acquired by third party; additional $5.4M for asset sale termination.
Both boards and independent directors approved; special committees recommended transaction as in best interests of stockholders.

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