Highest-materiality recent filing
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 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 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 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 CEO and President retire June 5; Michael Balkin named new CEO
Founder CEO Robert Pomeroy retires but remains Chairman; President Gerald Michaud retires and resigns from board.
Horizon Technology Q1 NII per share $0.27, NAV $7.57; portfolio yield 15.0%
Q1 NII $10.7M ($0.27/share) vs $12.6M ($0.38) YoY; net asset value $305.5M ($7.57) vs $336.2M ($8.43) at Dec 31.
Horizon Tech Finance Q1 2025: $100.3M new loans, $235.5M committed backlog
Originated $100.3M in new loans and $2.0M in equity during Q1 2025.
Horizon Technology Finance enters new advisory agreement after Monroe's change of control
New investment management agreement with same fee structure and services; effective March 31, 2025.
Horizon Tech Finance Q4 NII $0.27 vs $0.45 YoY; NAV drops to $8.43 from $9.71
Net investment income $0.27/share in Q4 2024, down from $0.45 in Q4 2023; full-year NII $1.32/share covered $1.32 distributions.
Q3 2024 NII $11.8M ($0.32/share) vs $17.4M ($0.53/share) in Q3 2023.
Monroe Capital agrees to 75% stake sale to Wendel; $1B commitment; HRZN advisor unchanged
Wendel to acquire 75% equity in Monroe Capital; Monroe management retains 25%.
Monroe Capital to sell 75% stake to Wendel; $1B seed capital commitment, Q1 2025 close
Wendel to acquire 75% equity stake in Monroe Capital; Monroe management retains 25%.
Horizon Tech Finance issues $20M of 7.125% Convertible Notes due 2031
Issued $20M aggregate principal amount of 7.125% Convertible Notes maturing Oct 17, 2031.
Horizon Tech Finance Q3 2024 origination $93.1M; committed backlog $189.9M
Originated $93.1M of new loans in Q3 2024, up from $12.5M in commitments in Q2.
Horizon Technology Finance Q2 NII $0.36/share, NAV $9.12; portfolio yield 15.9%
NII of $12.9M ($0.36/share) vs $16.1M ($0.54/share) in Q2 2023.
Horizon Tech Q2 2024: $11.5M originations, $138M committed backlog
Funded $11.5M in new loans and $0.5M in equity during Q2 2024.
Horizon closes $100M secured credit facility, expandable to $200M
New facility via subsidiary HFII; capacity may increase to $200M with mutual consent.
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 ”.
Gerald A. Michaud will retire as President of the Company
the Company unanimously elected Michael P. Balkin, an independent director of the Company, as Chief Executive Officer of the Company, effective as of June 5, 2025
on June 5, 2025 immediately following the Annual Meeting, Gerald A. Michaud will resign as a director of the Company
Robert D. Pomeroy, Jr. will retire as Chief Executive Officer of the Company
On March 10, 2023, after potential conflicts were identified in connection with the recently announced acquisition of Horizon Technology Finance Management LLC, the Company’s investment advisor, by an affiliate of Monroe Capital LLC (the “ Transaction ”), which may have resulted in an inability of certain service providers to be deemed independent following the closing of the Transaction, Ms. O’Connor elected to resign from the Board.
On February 23, 2023, the Board of Directors (the “ Board ”) of Horizon Technology Finance Corporation (the “ Company ”) unanimously appointed Kimberley A. O’Connor to the Board.
appointed Kimberley Ann O’Connor as a Class I director.
the Company appointed Lynn Dombrowski as Chief Accounting Officer.
Max materiality 0.90 · Median 0.60 · Most common event other_material