Daniel S. Devorsetz
On June 5, 2025, Daniel S. Devorsetz stepped down as Chief Investment Officer and Chief Operating Officer of Horizon Technology Finance Corporation (the “ Company ”.
Highest-materiality recent filing
Horizon Tech Finance dismisses RSM, appoints Grant Thornton as auditor
Dismissed RSM US LLP on May 13, 2026; RSM was auditor since 2008.
Horizon Tech Finance Q1 NII $0.19/sh; completes MRCC merger, declares $0.27/sh total distributions
Q1 2026 NII $0.19 per share (down from $0.27); NAV $6.98 per share; debt portfolio yield 15.2%.
Horizon Tech declares $0.27/share in monthly distributions for Q3 2026, including $0.09 special
Regular monthly distributions of $0.06/share ($0.18 total) for July, August, September 2026.
Horizon Tech completes MRCC merger; issues 20.37M shares, receives $141.1M cash
Each MRCC share exchanged for 0.9402 HRZN share; legacy MRCC holders own 29.86% of combined company.
Horizon commits $87.5M, CRFH commits $12.5M to new joint venture HRZN CRFH LLC.
HRZN and MRCC shareholders approve merger; combined company to trade as HRZN
HRZN shareholders approved stock issuance with 83% support; MRCC shareholders approved merger (88%) and asset sale.
Stockholders approve share issuance for merger; director elected contingent on closing
At special meeting March 13, 2026, stockholders approved issuance of common stock per Merger Agreement.
HRZN issues supplemental Merger disclosures; Special Meeting March 13, 2026
Putative class action challenged joint proxy; HRZN makes supplemental disclosures without admitting liability.
Horizon Tech Q4 NII $0.18/sh, NAV $6.98, declares $0.06 monthly distribution
Q4 2025 NII $8.3M ($0.18/sh) vs prior-year $10.4M ($0.27/sh); full-year NII $44.4M ($1.05/sh).
Horizon Tech Finance declares $0.18 monthly dividends for Q2 2026; notes pending Monroe merger
Monthly dividends of $0.06 per share for April, May, and June 2026, totaling $0.18 per share.
Horizon Credit II amends credit facility with KeyBank; no new financial terms disclosed
Executed Amendment No. 3 to Loan Agreement with KeyBank, MUFG Bank, and Mitsubishi HC Capital on Feb 6, 2026.
Horizon Technology Finance issues $57.5M of 7.00% Notes due 2028
$57.5M aggregate principal, 7.00% interest, semiannual payments starting June 15, 2026.
Horizon Tech Finance issues $57.5M of 7.00% Notes due 2028, proceeds to redeem 2026 Notes
Issued $57.5M aggregate principal of 7.00% Notes due Dec 15, 2028; interest paid semiannually.
Horizon Technology Finance prices $57.5M of 7.00% Notes due 2028
Priced $57.5M aggregate principal of 7.00% Notes due 2028; closing expected Dec 15, 2025.
Horizon Tech Q3 NII $0.32/sh, NAV $7.12; merger with MRCC announced
Q3 2025 NII of $14.0M ($0.32/sh), flat YoY; total investment income $26.3M vs $24.6M.
Horizon Technology Finance Declares Monthly Distributions Totaling $0.33 per Share for Q1 2026
Board declared monthly cash distributions of $0.11 per share for January, February, and March 2026, totaling $0.33 per share.
Horizon Tech Finance issues $40M 5.50% convertible notes due 2030 at 91.5% of par
Issued $40M aggregate principal of 5.50% Convertible Notes due September 4, 2030.
Horizon Tech Finance to acquire Monroe Capital Corp in stock merger; portfolio sale to MCIP
HRZN to merge with MRCC; MRCC portfolio sold to MCIP for cash prior to merger close.
Horizon Technology Finance to acquire Monroe Capital Corporation in stock-for-stock merger
Each MRCC common share converted into HRZN common shares at an exchange ratio based on NAV per share as of determination date.
HRZN to acquire MRCC in NAV-for-NAV merger; asset sale to MCIP precedes close
MRCC to merge into HRZN in NAV-for-NAV share exchange; former MRCC shareholders to own ~37% of combined company.
HRZN Q2 NII $0.28/share, NAV $6.75; announces merger with MRCC
Net investment income $11.4M ($0.28/share) vs $12.9M ($0.36/share) in Q2 2024, down 11%.
Horizon Tech Finance declares $0.33/share in monthly dividends for Q4 2025
Monthly distributions of $0.11 per share for Oct, Nov, Dec 2025, total $0.33 per share.
Horizon Tech Finance Q2 portfolio: $59.7M originations, $79.8M payoffs, backlog $149M
Originated $59.7M in new loans and $0.1M in equity during Q2 2025.
Horizon Tech Finance appoints Paul Seitz as CIO; Devorsetz steps down
Daniel Devorsetz stepped down as CIO and COO on June 5, 2025, will serve as special advisor through September 2025.
Stockholders elect four directors and ratify RSM US LLP as auditor at 2025 annual meeting
Elected Jonathan J. Goodman, Robert D. Pomeroy Jr., Joseph J. Savage (Class III, 2028 term) and Kimberley A. O'Connor (Class I, 2026 term).
Horizon Technology Finance expands debt facility to $200M, extends maturity to 2034
Commitment increased to $200M; Legal Final Payment Date extended to June 2034.
On June 5, 2025, Daniel S. Devorsetz stepped down as Chief Investment Officer and Chief Operating Officer of Horizon Technology Finance Corporation (the “ Company ”.
On June 5, 2025, the Board of Directors of the Company unanimously elected Paul G. Seitz, 38, as Chief Investment Officer.
On June 5, 2025, Daniel S. Devorsetz stepped down as Chief Investment Officer and Chief Operating Officer of Horizon Technology Finance Corporation (the “ Company ”.
Max materiality 0.90 · Median 0.60 · Most common event debt