Horizon Technology Finance Corp (HRZN) News & EventsHRZNHorizon Technology Finance Corp

Horizon and CR Financial Provide $20M Credit Facility to NeoVolta

Horizon Technology Finance Corporation (HRZN) announced that the RoHo Capital Opportunity Fund, a joint venture formed by Horizon and CR Financial Holdings, has provided a $20M senior credit facility to NeoVolta (NEOV) with the ability to increase the facility to $30M upon mutual agreement. An initial $20M was funded at closing to support NeoVolta's continued growth.

Horizon Net Asset Value Drops to $417.5 Million

Total investment portfolio of $676.7 million as of June 30, 2026; Net asset value of $417.5 million, or $6.23 per share as of June 30, 2026. Total investment income for the quarter ended June 30, 2026 was $25.0 million, compared to $24.5 million for the quarter ended June 30, 2025, primarily due to higher interest income, including PIK income, on debt investments from a larger debt investment portfolio. "We were pleased to grow our debt investment portfolio for the third consecutive quarter, and to deliver NII which, excluding non-recurring merger expenses, covered our regular distributions," said Mike Balkin, Chief Executive Officer of Horizon. "Unfortunately, we were disappointed to learn during June about some significant negative news for a single portfolio company, including the outlook for its future equity raising plans. This resulted in unrealized losses on our debt and equity investments in this company which contributed significantly to our decrease in net asset value per share at quarter end. Since the completion of the merger in April, we have been relentlessly working to source new, high-quality debt investment opportunities to deploy our capital and grow our portfolio, as evidenced by the increase in our committed backlog of approximately $50 million from our prior quarter-end. With our significantly stronger balance sheet and increasingly robust pipeline, we believe we remain in an excellent position to further grow our portfolio, and ultimately drive long-term value creation for shareholders, while we continue to be a leading financial partner to the innovation economy."

Horizon Completes Merger with MRCC, Excited for Next Chapter

"We are thrilled to have successfully completed our merger with MRCC and are excited to accelerate the next chapter of Horizon," said Mike Balkin, Chief Executive Officer of Horizon. "Strengthened by the infusion of significant new capital from the merger, as well as the backing of Monroe Capital's resources, expertise and ability to participate in larger-size, high-quality originations, we expect our efforts to compete and win attractive debt investment opportunities will result in strong portfolio and pipeline growth. We also are excited to jumpstart the RoHo JV with Roth as our partner. RoHo offers the venture market another compelling option for growth financing and will help contribute to growth in our portfolio and pipeline."