---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-025756"
form_type: "8-K"
ticker: "HRZN"
cik: "0001487428"
company_name: "Horizon Technology Finance Corp"
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:23:31.295485+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-025756
- form_type: 8-K
- ticker: HRZN
- cik: 0001487428
- company_name: Horizon Technology Finance Corp
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025756/0001437749-25-025756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774925025756/hrzn20250808_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-025756
- JSON: https://secwatch.observer/filing/0001437749-25-025756.json
- Plain text: https://secwatch.observer/filing/0001437749-25-025756.txt

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