Horizon Techn Stock Price, News & Analysis

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced a public offering of 2,500,000 shares at $14.35 each, totaling approximately $35.9 million. The offering is set to close on March 14, 2022, with underwriters having a 30-day option to purchase an additional 375,000 shares. Proceeds will be used to repay outstanding debt from KeyBank, reinvest in accordance with investment goals, and cover operational expenses. Investors are urged to read the preliminary prospectus for detailed information on investment risks and objectives.

Horizon Technology Finance Corporation (Nasdaq: HRZN) announced a proposed underwritten primary offering of 2,500,000 shares of common stock, with an additional option for underwriters to purchase 375,000 shares. The proceeds will primarily repay outstanding debt from its revolving credit facility and will also fund general corporate purposes and operating expenses. The offering is managed by Morgan Stanley, UBS Securities, and Oppenheimer & Co. Investors are advised to review the preliminary prospectus for associated risks and details.

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.10 per share for April, May, and June 2022, totaling $0.30 per share. Since its IPO in 2010, Horizon has paid out $178 million in distributions. The announcements include specific ex-dividend, record, and payment dates for each month. Horizon's board evaluates taxable income for distributions, which may differ from GAAP earnings. The company also offers a Dividend Reinvestment Plan for shareholders to reinvest distributions into additional shares.

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced its fourth-quarter and full-year 2021 financial results, reporting a net investment income of $8.1 million ($0.39/share) for Q4 and a total income of $28.2 million ($1.41/share) for the year, a 36% increase year-over-year. The total investment portfolio reached $458.1 million with a net asset value of $245.3 million ($11.56/share). The company funded 17 loans totaling $79.9 million in Q4 and experienced liquidity events from seven portfolio companies. Monthly distributions of $0.10/share were declared for April, May, and June 2022.

Horizon Technology Finance Corporation (NASDAQ: HRZN) has announced an amendment to its senior secured debt facility with a large U.S. insurance company, increasing the commitment by $100 million to a total of $200 million in secured notes. The investment period has been extended to June 2023 and the maturity to June 2028. The new terms also lower the interest rate margin on borrowings above $100 million. This strategic move aims to enhance Horizon's capital resources and expand its lending capacity, allowing further growth in its venture debt portfolio.

Horizon Technology Finance Management has announced senior-level promotions within its business development team, elevating Todd A. McDonald and Kevin T. Walsh to Senior Managing Directors. McDonald, with over 20 years of experience, has been with Horizon since 2017, focusing on East Coast technology markets. Walsh, employed since 2006, has over 25 years of experience in the West Coast markets. The President of Horizon, Gerald A. Michaud, credited their contributions to the company's growth and success.

Horizon Technology Finance Corporation (NASDAQ: HRZN) will release its fourth-quarter financial results for 2021 on March 1, 2022, after market close. A conference call is scheduled for March 2, 2022, at 9:00 a.m. ET, hosted by CEO Robert D. Pomeroy, Jr. and other executives. Investors can join the call by dialing specified numbers or via a live webcast available on Horizon's website. The company focuses on providing secured loans to venture capital-backed firms in technology and related sectors, aiming for significant returns through income generation and capital appreciation.

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced leading a $50 million venture loan to Nextcar Holding Company, dba Autonomy, on December 14, 2021. Horizon funded $7 million of the initial $14 million draw. Autonomy offers a digital vehicle subscription service aimed at providing affordable mobility options without long-term debt. The company, co-founded by industry disruptors Scott Painter and Georg Bauer, plans to use the funds for growth and working capital. Horizon's support reflects confidence in Autonomy's innovative model within the automotive sector.

Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a robust fourth quarter for 2021, originating $118 million in loans through its lending platform, with $80 million allocated to HRZN. For the year, HRZN's portfolio reached a record $297 million. The company's committed backlog grew to $153 million, ensuring future growth potential. Loan prepayments amounted to $55 million, enhancing fee and interest income. Additionally, HRZN secured new loan commitments of $114.9 million. The company holds a diverse portfolio of warrants and equity in 77 companies, indicating potential for future returns.