Horizon Technology Finance

Horizon Technology Finance reported NAV of $6.23, down from $6.98, primarily due to a $20 million equity write‑off and $19 million debt write‑down related to Soli. The company expanded its debt portfolio to $682 million, funded nine debt investments totaling $73 million, and increased its committed backlog to $228 million following the Monroe merger. Q2 net investment income was $0.11 per share ($0.18 excluding one‑time merger costs); Horizon ended the quarter with $229 million in liquidity, $459 million of potential investment capacity, repurchased 1.4 million shares and authorized an additional $20 million buyback. Management expects continued portfolio growth and aims for net investment income to cover distributions over time. » Plus sur finance.yahoo.com

Horizon Technology Finance closed its merger with Monroe Capital and formed the RoHo joint venture with ROTH Capital to finance small and micro-cap public companies. Assets rose to $696 million with $120 million of life-science originations in Q1, a debt portfolio yield of about 15.2%, net investment income of $0.19 per share and NAV of $6.98. The company has $105 million of available liquidity, net leverage of 1.13-to-1 and a committed backlog of $180 million, and plans a $10 million share repurchase. The board declared regular monthly distributions of $0.06 and special monthly distributions of $0.03 for July through September 2026. » Plus sur finance.yahoo.com

Horizon Technology Finance has completed its merger with Monroe Capital and will continue as the surviving company. On a pro forma basis the combined company has net assets of approximately USD 471.7 million and about USD 141.1 million in cash, which will be used partly to repay liabilities and for new investments. Horizon issued 20,370,693 new common shares; former MRCC shareholders hold 29.86% and Horizon shareholders 70.14% of the merged company. MRCC shareholders will receive a cash payment of USD 0.60 per share; Horizon also plans to use taxable gains to supplement distributions for the first two quarters after the merger and to defer management fees of up to USD 4 million over four quarters. » Plus sur de.investing.com

Horizon Technology Finance, together with CR Financial Holdings, has formed a joint venture with initial capital commitments of $100 million to provide growth capital to publicly traded small- and micro-cap companies in the U.S. The capital will be leveraged through warehouse credit lines; Monroe Capital will support larger investments. The focus is on financings between $5 million and $25 million, with the possibility to expand transaction volume and broaden the focus on publicly traded firms alongside Horizon’s existing lending business. » Plus sur de.investing.com

Shareholders of Horizon Technology Finance voted to approve the issuance of common stock under the merger agreement and the election of Thomas J. Allison as a director (contingent on the closing of the merger). The vote showed broad support (about 19.3 million yes votes for the stock issuance; about 21.0 million yes votes for Allison). The company plans supplemental distributions of $27.6 million after the merger and also reported loan amendments and new financings, including a $50 million venture-loan facility for Pelthos ( $30 million drawn) and a $30 million debt facility for Kodiak AI. » Plus sur de.investing.com