Horizon Tech Finance Updates Registered Securities Listings
Ticker: HTFC · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1487428
| Field | Detail |
|---|---|
| Company | Horizon Technology Finance CORP (HTFC) |
| Form Type | 8-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $2,330,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, debt, equity, exchange-listing
TL;DR
**HRZN just confirmed its stock and notes are listed on Nasdaq and NYSE, no big changes.**
AI Summary
Horizon Technology Finance Corp (HRZN) filed an 8-K on January 12, 2024, to update the list of its registered securities. This filing confirms that its Common Stock (HRZN) is listed on The Nasdaq Stock Market LLC, and its 4.875% Notes due 2026 (HTFB) and 6.25% Notes due 2027 (HTFC) are both listed on The New York Stock Exchange. This matters to investors because it provides clarity on where their shares and notes are traded, ensuring transparency and liquidity for these specific financial instruments.
Why It Matters
This filing provides transparency on where Horizon Technology Finance Corp's various securities are officially traded, which is crucial for investors to understand market access and liquidity.
Risk Assessment
Risk Level: low — This 8-K is a routine update of registered securities and does not indicate any new financial or operational risks for the company.
Analyst Insight
Investors should note this filing as a confirmation of current trading venues for HRZN's securities, but it doesn't suggest any immediate buying or selling action as it's a routine disclosure.
Key Numbers
- 4.875% — Interest rate (for Notes due 2026)
- 2026 — Maturity year (for 4.875% Notes)
- 6.25% — Interest rate (for Notes due 2027)
- 2027 — Maturity year (for 6.25% Notes)
- $0.001 — Par value (per share of Common Stock)
Key Players & Entities
- Horizon Technology Finance Corp (company) — the registrant
- The Nasdaq Stock Market LLC (company) — exchange for Common Stock
- The New York Stock Exchange (company) — exchange for 4.875% Notes due 2026 and 6.25% Notes due 2027
- $0.001 (dollar_amount) — par value per share of Common Stock
FAQ
What is the ticker symbol for Horizon Technology Finance Corp's Common Stock and where is it registered?
The ticker symbol for Horizon Technology Finance Corp's Common Stock is HRZN, and it is registered on The Nasdaq Stock Market LLC.
What are the details of the notes due in 2026, including their interest rate, ticker symbol, and exchange?
The notes due in 2026 are 4.875% Notes, have the ticker symbol HTFB, and are registered on The New York Stock Exchange.
What are the details of the notes due in 2027, including their interest rate, ticker symbol, and exchange?
The notes due in 2027 are 6.25% Notes, have the ticker symbol HTFC, and are registered on The New York Stock Exchange.
What is the par value per share of Horizon Technology Finance Corp's Common Stock?
The par value per share of Horizon Technology Finance Corp's Common Stock is $0.001.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 12, 2024.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-01-12 16:06:11
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share   HRZN   Th
- $2,330,000 — n of the DIP Financing is not to exceed $2,330,000 and will be secured by all assets of Ne
Filing Documents
- hrzn20240112_8k.htm (8-K) — 28KB
- 0001437749-24-001279.txt ( ) — 177KB
- hrzn-20240112.xsd (EX-101.SCH) — 4KB
- hrzn-20240112_def.xml (EX-101.DEF) — 13KB
- hrzn-20240112_lab.xml (EX-101.LAB) — 18KB
- hrzn-20240112_pre.xml (EX-101.PRE) — 13KB
- hrzn20240112_8k_htm.xml (XML) — 5KB
01
Item 8.01 Other Events   On January 11, 2024, a portfolio company of Horizon Technology Finance Corporation (the " Company "), Nexii Building Solutions Inc., and its affiliates, Nexii Construction Inc, NBS IP Inc., and Nexii Holdings Inc. (collectively, " Nexii "), a designer and manufacturer of high performance and sustainable building products obtained an Initial Order on January 11, 2024 (the " Initial Order ") under the Companies ' Creditors Arrangement Act (the " CCAA " and Nexii's proceedings thereunder, the " CCAA Proceedings ") from the Supreme Court of British Columbia (the " Court ") in Vancouver. The Initial Order provides for, among other things, a stay of proceedings in favor of Nexii, the approval of debtor-in-possession financing (" DIP Financing ") and the appointment of KSV Restructuring Inc. as monitor of Nexii (in such capacity, the " Monitor "). The Company's portion of the DIP Financing is not to exceed $2,330,000 and will be secured by all assets of Nexii and be senior in priority to Nexii's existing credit facilities.   The stay of proceedings and DIP Financing is intended to provide Nexii with the time and stability required to consider potential restructuring transactions and maximize the value of its assets for the benefit of its stakeholders. This may include the sale of all or substantially all of the business or assets of Nexii through a Court-supervised sales process. In that regard, Nexii intends to seek Court approval to launch a sale process for its business and assets (the " Sale Process ") on or around January 22, 2024.   The Company's debt investments in Nexii have been placed on non-accrual status effective December 1, 2023. The amount of recovery of the Company's investments in Nexii is not yet determinable, but the Company is actively monitoring the proceedings on an ongoing basis to evaluate its expected recovery of any amounts on its investments.     2     SIGNATURE