Welcome to our dedicated page for Horizon Techn news (Ticker: HRZN), a resource for investors and traders seeking the latest updates and insights on Horizon Techn stock.
Horizon Technology Finance Corporation (NASDAQ: HRZN) generates a steady flow of news as a specialty finance company and business development company focused on secured lending to growth-oriented businesses. News coverage for HRZN often centers on its lending activity in the technology, life science, healthcare information and services, and sustainability industries, as well as developments in its capital structure and corporate strategy.
Investors following HRZN news can expect regular updates on quarterly and annual financial results, including net investment income, portfolio yields, net asset value per share and portfolio composition. Earnings releases are typically accompanied by management commentary on originations, loan prepayments, credit quality and liquidity, giving insight into how Horizon’s secured loan and warrant portfolio is evolving over time.
Another key stream of Horizon news involves distributions and dividend policy. The company frequently announces monthly cash distributions, with details on ex-dividend dates, record dates and payment dates, and provides context on how its board of directors evaluates taxable income, spillover income and long-term outlook when setting distribution levels. These announcements are often paired with information about the company’s Dividend Reinvestment Plan for shareholders who choose to reinvest distributions.
HRZN news also covers capital markets and financing transactions, such as offerings of public notes, convertible notes and amendments to credit facilities. Press releases and related SEC filings describe new note issuances, interest rates, maturities, redemption terms and intended uses of proceeds, including repayment of existing indebtedness and general corporate purposes.
In addition, Horizon’s disclosures include updates on strategic transactions, notably the announced merger agreement under which Monroe Capital Corporation would merge with and into Horizon, subject to approvals and closing conditions. Investors can monitor this news stream for progress on the merger, related regulatory steps and any changes to the expected structure. For a comprehensive view of HRZN-related developments, this news page aggregates company press releases and market-moving announcements in one place.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced its plans to release third-quarter financial results on October 26, 2021, after market close. A conference call to discuss these results is scheduled for October 27, 2021, at 9:00 a.m. ET, featuring remarks from key executives including CEO Robert D. Pomeroy, Jr. Investors can participate via phone or listen through a live webcast on the Company's website. Horizon specializes in providing secured loans to venture capital-backed companies across various sectors including technology and life sciences.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported strong performance for Q3 2021, achieving a record $141 million in loan originations, with $99 million attributed to HRZN. The portfolio ended with a committed backlog of $123 million, reflecting robust demand for venture loans. During the quarter, HRZN received $50 million in loan prepayments, boosting fee and interest income. The company closed new loan commitments totaling $91 million, with a significant pipeline of opportunities, suggesting ongoing growth potential for shareholders.
Stealth BioTherapeutics (Nasdaq: MITO) completed a $25 million long-term debt facility with Horizon Technology Finance (Nasdaq: HRZN), drawing down $15 million initially. An additional $10 million is contingent on achieving a predetermined milestone. This financing aims to support ongoing clinical trials, including a recent NDA submission for Barth syndrome under FDA review. The facility includes terms for monthly repayments over 48 months, with a potential extension for the interest-only period. Stealth has issued warrants for 13,636,364 shares to Horizon at $0.11 per share.
Horizon Technology Finance will participate in the 20th Annual Capital Link Closed-End Funds & Global ETFs Forum on October 5, 2021, at 2:00 p.m. ET. CEO Robert D. Pomeroy Jr. will join the BDCs Roundtable – Financing America's Growth panel. The conference is free and aims to offer insights from leading venture debt BDC executives. Horizon specializes in providing secured loans to venture capital-backed companies in sectors like technology and life sciences, focusing on maximizing returns from debt investments and capital appreciation.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced a $30 million venture loan facility to Dropoff, Inc., with Horizon funding $12.5 million of the initial $20 million draw. Dropoff specializes in same-day delivery services for healthcare, utilizing proprietary logistics software for optimized operations. The funding will support Dropoff's working capital and acquisitions. Horizon's President emphasized the company's commitment to supporting Dropoff's growth, as it meets critical delivery needs within the healthcare sector.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced a $15 million venture loan facility to Spineology, Inc., contributing $5 million of the initial $10 million draw. Spineology, known for its anatomy-conserving solutions for lumbar spinal fusion, plans to use the funds for general working capital. The company's technology has seen strong clinical adoption, which is expected to capture market share as it develops more offerings. Horizon aims to enhance returns through its secured loans to businesses in technology and healthcare sectors.
Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN) have provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology firm. Horizon contributed $22.5 million and $7.5 million via a private vehicle, while Trinity added $10 million. The funding aims to support Nexii's growth and working capital needs, enhancing its sustainable building initiatives. The partnership is designed to foster innovation in construction, aligning with goals for a zero-carbon economy.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced a $15 million venture loan facility to Branded Online, Inc. (Nogin), funding $5 million of the initial $10 million draw. Nogin offers a comprehensive eCommerce platform for consumer brands in various industries, enhancing revenue and profitability through AI-driven marketing and fulfillment. Horizon's President highlighted Nogin's potential to reduce operating expenses and drive growth. The partnership aims to strengthen Nogin's position in the retail market, allowing brands to focus on innovation and customer engagement.
Embody has successfully secured $11.5 million in oversubscribed equity financing and entered into a debt financing agreement with Horizon Technology Finance Corporation (NASDAQ: HRZN) for up to $9 million. An initial $5 million has already been funded, bringing total available funds to $20.5 million. This financing will help commercialize their Tapestry Biointegrative Implant and support clinical studies. The global market for sports medicine products is projected to reach $11 billion by 2023.
Horizon Technology Finance Corporation (NASDAQ: HRZN) has declared monthly cash distributions of $0.10 per share for October, November, and December 2021, totaling $0.30 per share. This follows the company's commitment to providing returns to shareholders, having paid out $160 million in distributions since its IPO in 2010. The board reviews taxable income estimates prior to declaring these distributions. Horizon also offers a Dividend Reinvestment Plan allowing stockholders to reinvest distributions into additional shares unless they opt for cash payments.