secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Technology Finance Corp (HRZN)
CIK:        0001487428
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001437749-25-025756
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487428/000143774925025756/0001437749-25-025756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487428/000143774925025756/hrzn20250808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-025756

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