# Horizon Technology Finance Corp (HTFC) — merger/definitive [completed] Source: SEC API (secapi.ai) · situation sit_93e6e155f7ba4153a31f · retrieved 2026-08-11T16:01:54.796Z ## Overview Horizon Technology Finance Corporation is a leading specialty finance company that provides secured loans to venture capital-backed companies in the technology, life-science, healthcare information & services, and sustainability industries. Horizon Technology Finance Corporation (NASDAQ: HRZN) announced its Board's intent to supplement regular monthly distributions to stockholders following the closing of the pending merger between HRZN and Monroe Capital Corporation (MRCC). HRZN will be the surviving public entity and will continue to be managed by Horizon Technology Finance Management LLC and trade on NASDAQ under the symbol "HRZN". HRZN intends to use its current undistributed taxable earnings of $27.6 million as of December 31, 2025 to supplement regular monthly distributions for two quarters following the Merger closing, with anticipated supplemental distributions for the first quarter post-closing in the range of at least $0.02 to $0.04 per share per month. Additionally, MRCC announced its intent to increase its final special distribution payable to legacy MRCC stockholders by $13.0 million ($0.61 per share), contingent upon MRCC stockholder approval of the Merger. The HRZN special meeting of stockholders is scheduled for March 13, 2026. ## Terms - Counterparty: Monroe Capital Corporation · Consideration: stock ## Key dates - Announced 2026-01-23 · Record 2026-01-15 · Vote 2026-03-13 · Completed 2026-04-14 ## Timeline - 2026-01-23 · 425 (0001140361-26-002088): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt to sponsor-backed private companies in technology, healthcare, life sciences and sustainability, and plans to broaden its investment platform to lending opportunities for public small-cap growth companies.* Horizon Technology Finance Corporation (HRZN) has proposed a merger with Monroe Capital Corporation (MRCC). The special meeting of shareholders is scheduled for March 13, 2026 at 2:30 p.m. Eastern Time at HRZN's offices in Farmington, Connecticut. Based on September 30, 2025 financials, the combined company is expected to have more than $475 million of net assets with approximately $160 million of additional equity capital before adding permitted leverage. The merger is expected to be neutral to net investment income for the combined company during the first year post-closing and accretive over time. In connection with the transaction, Horizon Technology Finance Management LLC (HTFM) has agreed to waive an aggregate amount of $4 million of advisory fees over the first four full fiscal quarters following the closing, at a rate of up to $1 million per quarter. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-002088.txt - 2026-01-28 · 425 (0001140361-26-002689): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt financing to early-stage and growth companies in the technology and life sciences sectors.* Horizon Technology Finance Corporation (HRZN) has proposed a merger with Monroe Capital Corporation (MRCC), coupled with a proposed asset sale by MRCC to Monroe Capital Income Plus Corporation (MCIP). The transaction is subject to shareholder approval from both HRZN and MRCC shareholders. A joint proxy statement and registration statement on Form N-14 (File No. 333-290114) have been filed with the SEC. The special meeting of HRZN shareholders is scheduled for March 13, 2026, with a voting deadline of March 12, 2026. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-002689.txt - 2026-01-29 · 425 (0001140361-26-002800): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt financing to technology and life sciences companies.* Horizon Technology Finance Corporation (HRZN) is pursuing a merger with Monroe Capital Corporation (MRCC), with MRCC also proposing to sell assets to Monroe Capital Income Plus Corporation (MCIP). The transaction is expected to enhance Horizon's platform with a significant capital infusion and greater portfolio diversification. Shareholders of both HRZN and MRCC are being asked to vote on the proposals at upcoming special meetings. The combined company will be managed by Horizon Technology Finance Management LLC (HTFM). https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-002800.txt - 2026-01-29 · 425 (0001140361-26-002802): 425 - Horizon Technology Finance Corp — *General We are a specialty finance company that lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries, which we refer to as our "Target Industries." Our investment objective is to maximize our investment portfolio's total return by generating current income from the debt investments we make and capital appreciation from the warrants we receive when making such debt investments.* Horizon Technology Finance Corporation (HRZN) has proposed to merge with Monroe Capital Corporation (MRCC), with MRCC merging into HRZN. In connection with the merger, MRCC is also proposing to sell assets to Monroe Capital Income Plus Corporation (MCIP). The transaction requires shareholder approval from both HRZN and MRCC, with a special meeting of stockholders scheduled for March 13, 2026. A joint proxy statement and registration statement on Form N-14 (File No. 333-290114) have been filed with the SEC containing important information about the proposed transactions. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-002802.txt - 2026-02-04 · 425 (0001140361-26-003691): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt financing to early-stage and growth companies in the technology, life sciences, and other high-growth industries.* Horizon Technology Finance Corporation (HRZN) has agreed to merge with Monroe Capital Corporation (MRCC), with MRCC becoming a subsidiary of HRZN. In connection with the merger, MRCC will sell substantially all of its assets to Monroe Capital Income Plus Corporation (MCIP). The transaction is subject to approval by shareholders of both HRZN and MRCC, as well as customary closing conditions including regulatory approvals. The combined company will be managed by Horizon Technology Finance Management LLC. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-003691.txt - 2026-02-11 · 425 (0001140361-26-004800): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt financing to early-stage technology and life sciences companies.* Horizon Technology Finance Corporation (HRZN) has proposed to merge with Monroe Capital Corporation (MRCC), with MRCC merging into HRZN. In connection with the merger, MRCC has also proposed to sell assets to Monroe Capital Income Plus Corporation (MCIP). The transaction requires shareholder approval from both HRZN and MRCC stockholders. A joint proxy statement has been filed with the SEC on Form N-14 (File No. 333-290114) and mailed to shareholders of both companies. The filing indicates the transaction is subject to various closing conditions, including regulatory approvals and shareholder votes. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-004800.txt - 2026-03-03 · 425 (0001140361-26-007602): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a business development company that provides venture debt to sponsor-backed private companies in technology, healthcare, life sciences, and sustainability sectors, and plans to broaden its platform to lending opportunities for public small-cap growth companies.* Horizon Technology Finance Corporation (HRZN) has proposed a merger with Monroe Capital Corporation (MRCC). The combined company is expected to benefit from approximately $160 million of additional equity capital (before leverage), resulting in combined net assets exceeding $475 million. The merger is expected to be neutral to net investment income in the first year post-closing and accretive over time, driven by operational savings and cost reductions. In connection with the transaction, Horizon Technology Finance Management LLC has agreed to waive an aggregate of $4 million in advisory fees over the first four full fiscal quarters following closing, at a rate of up to $1 million per quarter. A special meeting of shareholders is scheduled for March 13, 2026 at 2:30 p.m. Eastern Time to vote on the proposed merger. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-007602.txt - 2026-03-04 · 425 (0001437749-26-006798): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a specialty finance company that provides capital in the form of secured loans to venture capital and private equity-backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries.* Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.06 per share payable in April, May, and June 2026, totaling $0.18 per share. The company's board noted that distribution levels are set taking into account the expected impact of Horizon's anticipated merger with Monroe Capital Corporation. The filing references a proposed asset sale between Monroe Capital Corporation (MRCC) and Monroe Capital Income Plus Corporation (MCIP), and a proposed merger of MRCC with and into HRZN, with related registration statement filed as Form N-14 (File No. 333-290114). https://www.sec.gov/Archives/edgar/data/1487428/0001437749-26-006798.txt - 2026-03-04 · 425 (0001437749-26-006801): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a specialty finance company that provides secured loans to venture capital and private equity-backed companies in the technology, life science, healthcare information and services, and sustainability industries, and receives warrants when making such debt investments.* Horizon Technology Finance Corporation (NASDAQ: HRZN) is advancing toward a planned merger with Monroe Capital Corporation (MRCC), an affiliate of Monroe Capital. The merger is expected to provide the combined entity with significant capital to invest and enhance its competitive position in venture lending. According to CEO Mike Balkin, the transaction will allow the combined company to win larger venture lending transactions and enhance net investment income and net asset value over time. A registration statement on Form N-14 (File No. 333-290114) containing a joint proxy statement has been filed with the SEC. The filing also references a proposed asset sale between MRCC and Monroe Capital Income Plus Corporation (MCIP). https://www.sec.gov/Archives/edgar/data/1487428/0001437749-26-006801.txt - 2026-03-06 · 425 (0001437749-26-007235): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a Delaware corporation that operates as a business development company providing venture debt financing to technology and life sciences companies.* On August 7, 2025, Horizon Technology Finance Corporation (HRZN) entered into an Agreement and Plan of Merger with Monroe Capital Corporation (MRCC). The transaction contemplates an Asset Purchase Agreement whereby MRCC will sell all of its investment assets and related liabilities to Monroe Capital Income Plus Corporation (MCIP) for cash. Following the asset sale, Merger Sub (a wholly owned subsidiary of HRZN) will merge with and into MRCC, with MRCC continuing as a wholly owned subsidiary of HRZN. Immediately thereafter, MRCC will merge with and into HRZN, with HRZN continuing as the surviving company. A special meeting of HRZN stockholders is scheduled for March 13, 2026 at 2:30 p.m. Eastern Time in Farmington, Connecticut to vote on the merger stock issuance proposal. https://www.sec.gov/Archives/edgar/data/1487428/0001437749-26-007235.txt - 2026-03-10 · 425 (0001140361-26-008647): 425 - Horizon Technology Finance Corp — *Horizon Technology Finance Corporation is a leading specialty finance company that provides secured loans to venture capital-backed companies in the technology, life-science, healthcare information & services, and sustainability industries.* Horizon Technology Finance Corporation (NASDAQ: HRZN) announced its Board's intent to supplement regular monthly distributions to stockholders following the closing of the pending merger between HRZN and Monroe Capital Corporation (MRCC). HRZN will be the surviving public entity and will continue to be managed by Horizon Technology Finance Management LLC and trade on NASDAQ under the symbol "HRZN". HRZN intends to use its current undistributed taxable earnings of $27.6 million as of December 31, 2025 to supplement regular monthly distributions for two quarters following the Merger closing, with anticipated supplemental distributions for the first quarter post-closing in the range of at least $0.02 to $0.04 per share per month. Additionally, MRCC announced its intent to increase its final special distribution payable to legacy MRCC stockholders by $13.0 million ($0.61 per share), contingent upon MRCC stockholder approval of the Merger. The HRZN special meeting of stockholders is scheduled for March 13, 2026. https://www.sec.gov/Archives/edgar/data/1487428/0001140361-26-008647.txt - 2026-04-14 · 8-K (0001140361-26-014610): 8-K 8-K https://www.sec.gov/Archives/edgar/data/1487428/000114036126014610/ef20070439_8k.htm ## Citations - 0001140361-26-002088 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002088 - 0001140361-26-002689 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002689 - 0001140361-26-002800 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002800 - 0001140361-26-002802 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002802 - 0001140361-26-003691 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126003691 - 0001140361-26-004800 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126004800 - 0001140361-26-007602 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126007602 - 0001437749-26-006798 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926006798 - 0001437749-26-006801 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926006801 - 0001437749-26-007235 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926007235 - 0001140361-26-008647 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126008647 - 0001140361-26-014610 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126014610