Horizon Technology Finance Corp
NASDAQ:HRZN
Horizon Technology Finance Corp
Horizon Technology Finance Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Farmington, Connecticut and currently employs 0 full-time employees. The company went IPO on 2010-10-29. Horizon Technology Finance Corporation is a non-diversified, closed-end management investment company. The firm lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries (target industries). The firm's investment objective is to maximize its investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The company is focused on making secured debt investments to venture capital and private equity backed companies and publicly traded companies in its target industries. Its debt investment portfolio consists of approximately 45 debt investments. In addition to its debt investments, the Company holds warrants to purchase stock, predominantly preferred stock, in approximately 73 portfolio companies. Its investment adviser is Horizon Technology Finance Management LLC.
Horizon Technology Finance Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Farmington, Connecticut and currently employs 0 full-time employees. The company went IPO on 2010-10-29. Horizon Technology Finance Corporation is a non-diversified, closed-end management investment company. The firm lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries (target industries). The firm's investment objective is to maximize its investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The company is focused on making secured debt investments to venture capital and private equity backed companies and publicly traded companies in its target industries. Its debt investment portfolio consists of approximately 45 debt investments. In addition to its debt investments, the Company holds warrants to purchase stock, predominantly preferred stock, in approximately 73 portfolio companies. Its investment adviser is Horizon Technology Finance Management LLC.
Merger Update: The merger between Horizon Technology Finance and MRCC is progressing, with expected completion now pushed to early 2026 due to the federal government shutdown.
Portfolio Growth: Horizon expects to grow its portfolio in Q4, driven by a strong pipeline and recent new originations and commitments.
High Portfolio Yield: Portfolio yield on debt investments remained among the highest in the BDC industry at 18.6% for the quarter, though management suggests a normalized range of 14.5% to 15%.
Net Investment Income: Net investment income was $0.32 per share, up from $0.28 last quarter and matching last year's quarterly figure.
NAV Increase: Net asset value per share grew 5% sequentially to $7.12, primarily due to net investment income and positive portfolio outcomes.
Balance Sheet Strength: Horizon raised $40 million through convertible notes, retired higher-cost debt, and ended the quarter with $151 million in available liquidity.
Venture Market Activity: The venture capital market is showing signs of recovery, with higher investment and exit activity, particularly in technology and AI.
Regular Distributions: The Board declared monthly distributions of $0.11 per share through March 2026.
