Horizon Technology Finance Corporation
HTFB
New York Stock Exchange25.72
USD
+0.71
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Horizon Technology Finance Corporation
HTFB
(New York Stock Exchange)
Recent
price
25.72
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company and business development company that provides secured venture loans, equity warrants and other structured debt products to venture capital-backed companies in the technology, life sciences, healthcare information and services, and sustainability sectors; it focuses primarily on development-stage companies in the United States, generating current income from debt investments and potential capital appreciation from warrants. Founded in 2004 and headquartered at 312 Farmington Avenue in Farmington, Connecticut, the company maintains additional offices in Pleasanton, California, and investment professionals across several U.S. locations, with a portfolio exceeding $750 million as of late 2024 yielding approximately 16-18% on debt investments. In August 2025, Horizon entered a definitive merger agreement with Monroe Capital Corporation (MRCC), under which MRCC will merge into Horizon in a tax-free NAV-for-NAV share exchange following an asset sale by MRCC, expected to add about $165 million in equity capital, enhance scale, reduce per-share operating expenses, improve liquidity and position the combined entity for larger venture lending opportunities, with former MRCC shareholders owning approximately 37% of the post-merger Horizon. Recent activities include originating $59.7 million in new loans during Q2 2025, funding $100.3 million in Q1 2025, acquiring Powerscourt Investments XXV assets for $22.5 million in August 2025, issuing $40 million in convertible notes, and announcing monthly distributions totaling $0.33 per share for October-December 2025.