Horizon Tech Finance Reports Material Agreements & Equity Sales

TL;DR

HTFC filed an 8-K detailing new debt, equity sales, and material agreements.

AI Summary

Horizon Technology Finance Corp. entered into a material definitive agreement on September 4, 2025, related to its financial obligations. The company also reported on the creation of a direct financial obligation and unregistered sales of equity securities. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates new financial commitments and potential dilution for shareholders, requiring close monitoring of the company's financial health and strategic direction.

Risk Assessment

Risk Level: medium — The filing involves new financial obligations and unregistered equity sales, which can introduce financial risk and potential dilution.

Key Players & Entities

• Horizon Technology Finance Corp. (company) — Registrant
• September 4, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share HRZN The Nasdaq Stock Mar
• $40,000,000 — onnection with the issuance and sale of $40,000,000 aggregate principal amount of the Compa
• $36.6 million — the Convertible Notes of approximately $36.6 million. The Company intends to use the net pro

Filing Documents

• hrzn20250903_8k.htm (8-K) — 41KB
• ex_858962.htm (EX-5.1) — 32KB
• ex_859162.htm (EX-10.1) — 266KB
• dlogo.jpg (GRAPHIC) — 3KB
• 0001437749-25-028475.txt ( ) — 557KB
• hrzn-20250904.xsd (EX-101.SCH) — 4KB
• hrzn-20250904_def.xml (EX-101.DEF) — 13KB
• hrzn-20250904_lab.xml (EX-101.LAB) — 18KB
• hrzn-20250904_pre.xml (EX-101.PRE) — 13KB
• hrzn20250903_8k_htm.xml (XML) — 6KB

01

Item 1.01 Entry into a Material Definitive Agreement Convertible Notes On September 4, 2025, Horizon Technology Finance Corporation (the " Company ") entered into a note purchase agreement (the " Note Purchase Agreement "), by and among the Company and each purchaser named therein (the " Purchasers "), in connection with the issuance and sale of $40,000,000 aggregate principal amount of the Company's 5.50% Convertible Notes due 2030 (the " Convertible Notes "), pursuant to an effective shelf registration statement on Form N-2 (File No. 333-278396), as amended, which was declared effective on June 20, 2024. The Company received net proceeds (before expenses) from the sale of the Convertible Notes of approximately $36.6 million. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include paying down existing indebtedness. The Convertible Notes mature on September 4, 2030 (the " Maturity Date "), unless earlier converted or repurchased in accordance with their terms. The Convertible Notes bear interest at a rate of 5.50% per annum, payable monthly in arrears on the last day of each calendar month, beginning on September 30, 2025. The Convertible Notes will be direct unsecured obligations of the Company and will rank (i) equal in right of payment to the Company's existing and future unsecured indebtedness that is not subordinated in right of payment to the Convertible Notes; (ii) senior in right of payment to the Company's future indebtedness that is expressly subordinated in right of payment to the Convertible Notes; (iii) effectively junior in right of payment to the Company's existing and future secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness; and (iv) structurally junior to all existing and future indebtedness and other obligations of any of the Company's subsidiaries. No sinking fund is provided for

03

Item 2.03 Creation of Direct Financial Obligation The Information included under Item 1.01 above regarding the Note Purchase Agreement is incorporated by reference into this Item 2.03. Section 3 Securities and Trading Markets

02

Item 3.02 Unregistered Sales of Equity Securities The disclosure required by this Item 3.02 is contained in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. Section 9

Financial Statements and Exhibits

Financial Statements and Exhibits

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 5.1* Opinion and Consent of Dechert LLP, special counsel for Registrant.* 10.1* Note Purchase Agreement, dated as of September 4, 2025, by and among the Company and the Purchasers 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain portions of this exhibit have been omitted in accordance with Item 601(b)(10)(vi) of Regulation S-K. The registrant agrees to furnish supplementally an unredacted copy of this exhibit to the Securities and Exchange Commission upon its request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HORIZON TECHNOLOGY FINANCE CORPORATION Date: September 5, 2025 By: /s/ Michael P. Balkin Name: Michael P. Balkin Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR