MergerMay 5, 2026, 04:32 PM
Horizon Technology Finance Completes Merger; Q1 NII $0.19/Share
AI Summary
Horizon Technology Finance announced its Q1 2026 financial results and highlighted the successful completion of its merger with Monroe Capital Corporation in April. The merger brought approximately $141.1 million in cash and resulted in the issuance of 20.37 million shares. For Q1 2026, the company reported Net Investment Income of $9.0 million, or $0.19 per basic share, and a Net Asset Value of $6.98 per share. The company also formed a new joint venture, RoHo Capital Opportunity Fund LLC, and declared regular and special cash distributions for Q3 2026.
Key Highlights
- Completed merger with Monroe Capital Corporation in April, receiving $141.1M cash and issuing 20.37M shares.
- Formed new joint venture, RoHo Capital Opportunity Fund LLC, with Roth Capital Partners.
- Q1 2026 Net Investment Income was $9.0M, or $0.19 per share, down from $10.7M YoY.
- Net Asset Value was $6.98 per share as of March 31, 2026.
- Debt portfolio yield was 15.2% for the quarter, up from 15.0% YoY.
- Funded five loans totaling $120.0M and experienced two liquidity events.
- Declared regular monthly distributions of $0.06/share and special distributions of $0.03/share for Q3 2026.
- Undistributed spillover income was $0.52 per share as of March 31, 2026.