Every 8-K that Horizon Technology Finance Corporation (HRZN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HRZN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HRZN filings page.
Horizon Technology Finance Corporation (HRZN) reports that its wholly owned subsidiary, Horizon Funding II, LLC, executed a Second Supplemental Indenture on September 2, 2026 with U.S. Bank Trust Company, National Association as trustee. This amendment extends the securitization’s “Legal Final Payment Date” to December 10, 2035.
On the same date, Horizon Funding II, LLC entered into a Second Amended and Restated Note Funding Agreement with the initial purchasers, replacing the prior amended and restated agreement dated May 23, 2025. Also on September 2, 2026, Horizon Technology Finance Corporation executed Amendment No. 2 to the Sale and Servicing Agreement among the subsidiary, the company, the trustee and U.S. Bank, further updating the existing June 21, 2024 Sale and Servicing Agreement as previously amended.
Horizon Technology Finance Corporation’s board declared regular and special cash distributions totaling $0.27 per share for the fourth quarter of 2026. Stockholders will receive regular monthly distributions of $0.06 per share and special distributions of $0.03 per share, each payable in October, November and December 2026.
The ex-dividend and record dates are September 16, October 16 and November 17, 2026, with corresponding payment dates of October 15, November 16 and December 15, 2026. Since its 2010 initial public offering, Horizon has paid $383 million in distributions and offers a Dividend Reinvestment Plan that automatically reinvests distributions for shareholders who do not opt out.
Horizon Technology Finance reported Q2 2026 total investment income of $25.0 million, up from $24.5 million in Q2 2025. Net investment income was $7.4 million, or $0.11 per share, and was reduced by $4.4 million of non-recurring merger expenses, equal to $0.07 per share.
Unrealized losses, including losses on a single portfolio company, led to $38.5 million of net unrealized depreciation and a net decrease in net assets from operations of $37.3 million, or ($0.57) per share. Net asset value per share was $6.23, with net assets of $417.5 million at June 30, 2026.
The debt portfolio totaled $648.0 million across 43 secured loans, generating a 14.9% dollar-weighted annualized yield, and the company ended the quarter with a $228 million committed backlog. Available liquidity was $228.6 million and net debt to equity leverage was 65%. The board increased the stock repurchase authorization to $20 million and approved regular and special monthly cash distributions totaling $0.27 per share for the fourth quarter of 2026.
Horizon Technology Finance Corporation reported the results of its annual stockholder meeting. Stockholders elected two Class I directors, Kimberley A. O’Connor and Thomas J. Allison, to serve until the 2029 annual meeting. O’Connor received 13,760,758 votes for and 3,450,722 withheld, while Allison received 14,572,710 for and 2,638,770 withheld, with 25,143,830 broker non-votes for each nominee. As of the April 27, 2026 record date, 68,261,111 common shares were eligible to vote. Stockholders also ratified the selection of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 38,701,672 votes for, 2,326,097 against, and 1,327,541 withheld.
Horizon Technology Finance Corporation reported a change in its independent auditor. On May 13, 2026, the Board dismissed RSM US LLP, which had served as the company’s independent registered public accounting firm since 2008. RSM’s audit reports on the 2024 and 2025 financial statements contained no adverse opinions, disclaimers, or qualifications, and the company states there were no disagreements or reportable events with RSM during that period.
The Board, following the Audit Committee’s recommendation, approved the appointment of Grant Thornton LLP as the new independent registered accounting firm to audit the company’s consolidated financial statements for the fiscal year ending December 31, 2026. The company also states it did not consult Grant Thornton on accounting principles, audit opinions, or any disagreements or reportable events before this appointment. A confirmation letter from RSM to the SEC is filed as an exhibit.
Horizon Technology Finance Corporation announced that its board approved cash distributions totaling $0.27 per share for the third quarter of 2026. Stockholders will receive regular monthly dividends of $0.06 per share in July, August and September 2026, adding up to $0.18 per share.
The company also approved special monthly cash distributions of $0.03 per share for each of those three months, totaling $0.09 per share. Horizon notes that these specials reflect its intent to distribute undistributed net investment or “spillover” income. It highlights that since its 2010 IPO, it has paid $368 million in total distributions and continues to offer a Dividend Reinvestment Plan for shareholders who prefer shares instead of cash.
Horizon Technology Finance Corporation reported first quarter 2026 net investment income of $8.97 million, or $0.19 per share, on total investment income of $24.1 million, slightly below the prior-year period. Net assets were $333.9 million, with net asset value steady at $6.98 per share.
The debt portfolio carried a 15.2% dollar‑weighted annualized yield on average debt investments, with 41 secured loans at a fair value of $645.6 million and total investments at $695.7 million. The loan portfolio’s weighted average internal credit rating was 3.0, and four loans were rated 1 with a fair value of $24.3 million.
Horizon completed its merger with Monroe Capital Corporation on April 14, 2026, receiving approximately $141.1 million in cash and issuing 20,370,645 shares. Former MRCC stockholders own 29.86% of the combined company. Net debt‑to‑equity leverage was 113% with an asset coverage ratio of 174%. The board declared third-quarter 2026 regular and special monthly distributions totaling $0.27 per share, supported by undistributed spillover income of $0.52 per share.
Horizon Technology Finance Corporation completed its merger with Monroe Capital Corporation, creating a larger specialty finance platform. The combined company has approximately $471.7 million of net assets on a pro forma basis immediately after closing, including about $141.1 million in cash from the transaction.
Horizon will issue 20,370,693 new shares, with former MRCC stockholders owning 29.86% of the combined company and legacy Horizon stockholders owning 70.14%. MRCC stockholders will also receive a $0.60 per-share final cash distribution from MRCC. Horizon intends to use the cash it received to repay part of its debt and to make new investments.
Horizon’s adviser agreed to waive up to $4 million of management and incentive fees over four quarters, and the Board plans to use $27.6 million of undistributed taxable earnings to supplement monthly distributions for two quarters following closing, subject to future Board approval. The company also reaffirmed its $10 million stock repurchase program and reshaped its Board, adding former MRCC director Thomas Allison as an independent director.
Horizon Technology Finance Corporation entered into a limited liability company agreement with CR Financial Holdings to form a new joint venture, HRZN CRFH LLC. The partners have committed up to $100,000,000 of capital, with Horizon committing up to $87,500,000 and CRFH up to $12,500,000, invested as membership interests.
The joint venture will provide growth capital financing solutions to primarily U.S.-based small- and micro-cap public companies, generally targeting financings in the $5–$25 million range and may use warehouse credit facilities to leverage its equity capital. Governance and investment decisions will be shared equally through a four-person board and four-person investment committee with equal representation from each partner.
The venture is described as aligned with Horizon’s long-term strategy of expanding its secured lending to venture capital and private equity-backed companies and publicly traded companies, with potential support on larger investments from Monroe Capital, which manages approximately $24 billion in assets as of January 1, 2026.
Horizon Technology Finance Corporation reported that its shareholders approved issuing new common stock for the planned merger with Monroe Capital Corporation. More than 83% of voting HRZN shareholders backed the share issuance proposal, while over 88% of MRCC shareholders approved both the merger and a related asset sale.
Before the merger, Monroe Capital Income Plus Corporation will purchase for cash substantially all of MRCC’s assets at fair value. After the asset sale, MRCC will merge into HRZN, which will remain a public company managed by Horizon Technology Finance Management LLC and continue trading on Nasdaq as HRZN. The parties currently expect closing within the next 30 days, subject to customary conditions.
Horizon Technology Finance Corporation held a special stockholder meeting where investors approved key steps related to a planned merger. Stockholders authorized the issuance of common shares pursuant to the Merger Agreement, allowing the company to move forward with the transaction. As of January 15, 2026, 46,316,648 common shares were outstanding and eligible to vote.
On the merger share issuance proposal, 19,318,369 votes were cast in favor, 3,776,878 against, and 1,755,735 abstained, showing clear support. Stockholders also elected Thomas J. Allison as a Class I director, with 20,996,897 votes for and 3,854,085 withheld, contingent on the merger’s closing.
Horizon Technology Finance Corporation is issuing supplemental disclosures about its planned merger with Monroe Capital Corporation after three shareholder lawsuits challenged the adequacy of the joint proxy statement. The suits allege the proxy omitted material details and seek additional disclosure and to block closing.
HRZN denies any wrongdoing but is voluntarily expanding the proxy to include detailed prospective financial information for MRCC, HRZN, and the combined company. These internal forecasts show estimated annual net investment income per share and dividends for 2026–2030, plus projected net asset value per share, with combined-company projections reflecting assumed cost savings from the merger.
HRZN also updates disclosure about prior and potential future engagements of its financial advisor Oppenheimer with HRZN, MRCC, their affiliates, and other transaction participants. A special committee of independent directors and the full board unanimously continue to recommend that stockholders vote “FOR” the merger stock issuance and related director election proposals at the March 13, 2026 special meeting.
Horizon Technology Finance Corporation announced that its board has declared monthly cash distributions of $0.06 per share, to be paid in April, May and June 2026, for a total of $0.18 per share. The payments are scheduled for April 15, May 15 and June 16, 2026 to stockholders of record on March 16, April 16 and May 18, 2026, respectively.
The board sets distribution levels each quarter based on results of operations, spillover income and its longer-term outlook, including the expected impact of the anticipated merger with Monroe Capital Corporation. The company notes it has paid $360 million in distributions since its 2010 initial public offering and maintains a Dividend Reinvestment Plan that automatically reinvests distributions in additional shares for stockholders who do not opt out.
Horizon Technology Finance reported fourth quarter 2025 net investment income of $8.3 million, or $0.18 per share, on total investment income of $20.7 million, as a smaller debt portfolio and lower prepayments reduced revenue. Net realized losses on investments were $23.3 million, but this was offset by $24.7 million of net unrealized appreciation, leading to a modest net increase in net assets from operations of $0.20 per share.
For full year 2025, net investment income was $44.4 million, or $1.05 per share, down from $1.32 per share in 2024, while net realized losses on investments widened to $55.1 million. Net asset value fell to $6.98 per share at December 31, 2025, from $8.43 a year earlier. The debt portfolio carried a fair value of $596.0 million with a 14.3% yield in the quarter, and committed backlog reached $154 million. Horizon ended the year with $189.2 million of available liquidity and a net debt-to-equity leverage ratio of 105%, and its board declared monthly distributions of $0.06 per share for April, May and June 2026 while progressing toward a planned merger with Monroe Capital Corporation.
Horizon Technology Finance Corporation reported that its wholly owned subsidiary, Horizon Credit II LLC, entered into two new amendments to existing financing arrangements with KeyBank National Association and related parties. On February 6, 2026, Horizon Credit II LLC executed Amendment No. 3 to the Second Amended and Restated Loan and Security Agreement with KeyBank and the lenders. On February 10, 2026, Horizon Credit II LLC and Horizon Technology Finance Corporation executed Amendment No. 3 to the Second Amended and Restated Sale and Servicing Agreement involving Horizon Technology Finance Management LLC, U.S. Bank National Association, and KeyBank. The company filed these amendments as exhibits, indicating ongoing updates to its secured loan and servicing structures.
Horizon Technology Finance Corporation filed an amended current report to correct an exhibit hyperlink and described a new debt issuance. The company entered into a Fifth Supplemental Indenture with U.S. Bank National Association covering the issuance, offer and sale of $57.5 million in aggregate principal amount of 7.00% Notes due 2028.
The notes mature on December 15, 2028 and pay 7.00% interest semiannually on June 15 and December 15, starting June 15, 2026. They are unsecured, unsubordinated obligations ranking equally with the company’s existing unsecured notes and structurally junior to subsidiary-level debt. The notes can be redeemed before June 15, 2028 at a make-whole price and at par plus accrued interest on or after that date. Horizon intends to use the net proceeds primarily to redeem its outstanding 2026 notes and for general corporate purposes, with temporary use for credit facility repayment or short-term investments.
Horizon Technology Finance Corporation entered into a Fifth Supplemental Indenture to issue $57.5 million of 7.00% Notes due December 15, 2028.
The Notes are unsecured obligations ranking equally with Horizon’s existing unsecured notes and structurally junior to debt at its subsidiaries and under its credit facilities. Interest at 7.00% per year will be paid semiannually on June 15 and December 15, starting June 15, 2026, and the company may redeem the Notes early at specified make-whole or par redemption prices.
Horizon plans to use the net proceeds primarily to redeem its outstanding 2026 Notes and for general corporate purposes, with the option to temporarily repay borrowings under its credit facilities or invest in short-term, high-quality instruments.
Horizon Technology Finance Corporation entered into an underwriting agreement to issue and sell $57.5 million aggregate principal amount of its 7.00% Notes due 2028. The offering is expected to close on December 15, 2025, subject to customary closing conditions.
The company intends to use the net proceeds to repay indebtedness, including repayment of its 4.875% Notes due 2028, and for general corporate purposes. The notes are being offered under Horizon’s effective shelf registration statement on Form N-2, as supplemented by a prospectus supplement dated December 11, 2025. In practical terms, Horizon is raising new fixed-rate debt and plans to use it mainly to reduce existing borrowings.
Horizon Technology Finance Corporation declared monthly cash distributions totaling $0.33 per share. The Board approved three monthly dividends of $0.11 per share each.
The schedule is: ex-dividend and record date December 17, 2025 with payment on January 15, 2026; ex-dividend and record date January 16, 2026 with payment on February 13, 2026; and ex-dividend and record date February 17, 2026 with payment on March 13, 2026. These distributions go to stockholders of record on the listed dates.
Horizon Technology Finance Corporation furnished an 8-K announcing it issued a press release with financial results for the three and nine months ended September 30, 2025. The press release is attached as Exhibit 99.1.
The information under Item 2.02, including Exhibit 99.1, is being furnished and is not deemed filed under the Exchange Act. The company’s listed securities include common stock (HRZN) on Nasdaq and notes due 2026 (HTFB) and 2027 (HTFC) on the NYSE.
Horizon Technology Finance Corporation sold $40,000,000 aggregate principal of 5.50% Convertible Notes due 2030 under an effective shelf, receiving approximately $36.6 million in net proceeds before expenses. Interest is 5.50% per annum, payable monthly beginning September 30, 2025. The notes mature September 4, 2030 and are unsecured obligations ranking pari passu with unsecured debt, junior to secured debt and structurally junior to subsidiary obligations. The company may redeem the notes at par on or after March 4, 2025. Holders may convert beginning October 4, 2025, with the conversion price equal to the greater of a five-day VWAP or the most recently reported net asset value per share; conversions are subject to a 4.99% aggregate ownership limit for certain adviser-related holders. The filing incorporates the Note Purchase Agreement as an exhibit.
Horizon Technology Finance Corporation entered a definitive Merger Agreement on August 7, 2025, to combine with Monroe Capital Corporation (MRCC) and separately agreed an Asset Purchase Agreement under which Monroe Capital Income Plus Corporation (MCIP) would acquire MRCC's investment assets and liabilities for cash. The transactions are structured so the Asset Sale will close immediately prior to the Merger and have been approved by the boards of both companies, including independent directors.
The filing states that, based on June 30, 2025 net asset values, HRZN would receive approximately $165 million in net cash proceeds and would issue roughly 24.6 million shares, producing a pro forma ownership split of 63.1% for current HRZN holders and 36.9% for MRCC holders. The agreements are subject to customary closing conditions, including stockholder approvals, and the company highlights termination, dilution, indemnification obligations and market-price variability as material risks.
Horizon Technology Finance Corporation (HRZN) entered into a Merger Agreement to combine Monroe Capital Corporation (MRCC) into HRZN through a two-step merger structure. At the Effective Time Merger Sub will merge into MRCC and MRCC will then merge into HRZN. The exchange will use an Exchange Ratio calculated from each party's per-share net asset value (NAV) as of a Determination Date no earlier than 48 hours prior to closing; fractional shares will not be issued and cash will be paid in lieu.
The boards of both companies, including independent directors and special committees, approved the agreement. Closing is expected in the fourth quarter of 2025 and is conditioned on stockholder approvals, effectiveness of HRZN's registration statement, required regulatory clearances including HSR, absence of legal impediments, accuracy of reps and covenants, and completion of a related Asset Sale. HRZN Advisor agreed to a $4.0 million fee waiver payable as $1.0 million per quarter for four quarters after closing, subject to a cap tied to fees earned. The agreement includes termination deadlines and potential termination fees (about $11.0 million and $5.4 million in specified scenarios). The transaction is structured to comply with Rule 17a-8 and is intended to qualify as a Section 368(a) reorganization.