Form 8-K
8-K — Horizon Technology Finance Corp
Accession: 0001437749-26-014892
Filed: 2026-05-05
Period: 2026-05-05
CIK: 0001487428
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — hrzn20260505_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (ex_956523.htm)
GRAPHIC (plogo01.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: hrzn20260505_8k.htm · Sequence: 1
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0001487428
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2026-05-05
2026-05-05
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2026-05-05
2026-05-05
0001487428
hrzn:NotesDue2027625CustomMember
2026-05-05
2026-05-05
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 5, 2026
HORIZON TECHNOLOGY FINANCE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
814-00802
27-2114934
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
312 Farmington Avenue
Farmington, CT 06032
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (860) 676-8654
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Ticker Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.001 per share
HRZN
The Nasdaq Stock Market LLC
6.25% Notes due 2027
HTFC
The New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2
Financial Information
Item 2.02
Results of Operations and Financial Condition
On May 5, 2026, Horizon Technology Finance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of this press release is attached hereto as Exhibit 99.1.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Section 9
Financial Statements and Exhibits
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.
99.1
Press Release of the Company dated May 5, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
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.
Date: May 5, 2026
HORIZON TECHNOLOGY FINANCE CORPORATION
By:
/s/ Michael P. Balkin
Michael P. Balkin
Chief Executive Officer
3
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: ex_956523.htm · Sequence: 2
ex_956523.htm
Exhibit 99.1
Horizon Technology Finance Announces First Quarter 2026 Financial Results
- Successfully Completed Merger with Monroe Capital Corporation in April -
- First Quarter 2026 Net Investment Income per Share of $0.19; NAV per Share of $6.98 -
- Debt Portfolio Yield of 15.2% -
- Ends Quarter with Committed Backlog of $180 Million -
Farmington, Connecticut – May 5, 2026 – Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, today announced its financial results for the first quarter ended March 31, 2026.
First Quarter 2026 and Recent Highlights
●
In April, successfully completed merger with Monroe Capital Corporation (“MRCC”), receiving approximately $141.1 million in cash and issuing 20,370,645 shares of common stock in the aggregate to MRCC stockholders
●
Created a new joint venture, RoHo Capital Opportunity Fund LLC, with CR Financial Holdings, Inc., the holding company for Roth Capital Partners, LLC (“Roth”)
●
Net investment income (“NII”) of $9.0 million, or $0.19 per basic share, compared to $10.7 million, or $0.27 per basic share for the prior-year period
●
Total investment portfolio of $695.7 million as of March 31, 2026
●
Net asset value of $333.9 million, or $6.98 per share as of March 31, 2026
●
Annualized portfolio yield on debt investments of 15.2% for the quarter
●
Funded five loans totaling $120.0 million
●
Experienced liquidity events from two portfolio companies
●
Cash of $73.3 million and credit facility capacity of $284.0 million as of March 31, 2026
●
Held portfolio of warrant and equity positions in 91 companies as of March 31, 2026
●
Undistributed spillover income of $0.52 per share as of March 31, 2026
●
Subsequent to quarter end, declared regular cash distributions of $0.06 per share payable in July, August and September 2026 and, in accordance with the Company’s previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income”, special cash distributions of $0.03 per share payable in July, August and September 2026
“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.”
“For the quarter, we were pleased to grow our portfolio for the second consecutive quarter, while delivering NII that exceeded our distributions and experiencing stable credit,” added Mr. Balkin. “Moving forward, with a strengthened balance sheet and robust pipeline, we believe we are in an excellent position to execute on our growth strategy, to continue as a leading financial partner to the innovation economy and ultimately to drive long-term value creation for shareholders.”
First Quarter 2026 Operating Results
Total investment income for the quarter ended March 31, 2026 was $24.1 million, compared to $24.5 million for the quarter ended March 31, 2025, primarily due to lower interest income on debt investments from a smaller debt investment portfolio.
The Company’s dollar-weighted annualized yield on average debt investments for the quarter ended March 31, 2026 and 2025 was 15.2% and 15.0%, respectively. The Company calculates the dollar-weighted annualized yield on average debt investments for any period measured as (1) total investment income (excluding dividend income) during the period divided by (2) the average of the fair value of debt investments outstanding on (a) the last day of the calendar month immediately preceding the first day of the period and (b) the last day of each calendar month during the period. The dollar-weighted annualized yield on average debt investments is higher than what investors will realize because it does not reflect expenses or any sales load paid by investors.
Total expenses for the quarter ended March 31, 2026 were $14.8 million, compared to $13.4 million for the quarter ended March 31, 2025. The increase was primarily due to a $1.8 million increase in incentive fees, partially offset by a $0.5 million decrease in interest expense and a $0.1 million decrease in base management fee due to a lower average weighted size of the portfolio in the quarter.
Net investment income for the quarter ended March 31, 2026 was $9.0 million, or $0.19 per basic share, compared to $10.7 million, or $0.27 per basic share, for the quarter ended March 31, 2025.
For the quarter ended March 31, 2026, net realized loss on investments was $0.2 million, compared to a slight net realized gain on investments for the quarter ended March 31, 2025. For the quarter ended March 31, 2026, net realized loss on extinguishment of debt was $1.4 million, or $0.03 per basic share.
For the quarter ended March 31, 2026, net unrealized depreciation on investments was $4.6 million, or $0.10 per basic share, compared to net unrealized depreciation on investments of $32.2 million, or $0.80 per basic share, for the prior-year period.
Portfolio Summary and Investment Activity
As of March 31, 2026, the Company’s debt portfolio consisted of 41 secured loans with an aggregate fair value of $645.6 million. In addition, the Company’s total warrant, equity and other investments in 99 portfolio companies had an aggregate fair value of $50.1 million. Total portfolio investment activity for the three months ended March 31, 2026 and 2025 was as follows:
($ in thousands)
For the Three Months Ended
March 31,
2026
2025
Beginning portfolio
$
647,244
$
697,891
New debt and equity investments
120,004
102,439
Less refinanced debt balances
(30,000
)
(28,750
)
Net new debt and equity investments
90,004
73,689
Principal payments received on investments
(4,884
)
(11,171
)
Early pay-offs and principal paydowns
(33,164
)
(39,574
)
Payment-in-kind interest on investments
1,278
285
Accretion of debt investment fees
1,619
1,388
New debt investment fees
(1,585
)
(804
)
Warrants received in settlement of fee income
—
5
Proceeds from sale of investments
(104
)
(1
)
Net realized (loss) gain on investments
(161
)
1
Net unrealized depreciation on investments
(4,600
)
(32,156
)
Other
50
—
Ending portfolio
$
695,697
$
689,553
Portfolio Asset Quality
The following table shows the classification of Horizon’s loan portfolio at fair value by internal credit rating as of March 31, 2026 and December 31, 2025:
($ in thousands)
March 31, 2026
December 31, 2025
Number of
Investments
Debt Investments
at Fair Value
Percentage
of Debt
Investments
Number of
Investments
Debt Investments
at Fair Value
Percentage
of Debt
Investments
Credit Rating
4
5
$
71,009
11.0
%
5
$
72,213
12.1
%
3
28
500,119
77.4
%
25
445,790
74.8
%
2
4
50,208
7.8
%
4
53,503
9.0
%
1
4
24,293
3.8
%
4
24,519
4.1
%
Total
41
$
645,629
100.0
%
38
$
596,025
100.0
%
As of March 31, 2026 and December 31, 2025, Horizon’s loan portfolio had weighted average credit ratings of 3.0 and 2.9, respectively, with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk. A rating of 2 represents an increased level of risk and, while no loss is currently anticipated for a 2-rated loan, there is potential for future loss of principal. A rating of 1 represents deteriorating credit quality and high degree of risk of loss of principal.
As of March 31, 2026, there were four debt investments with an internal credit rating of 1, with an aggregate cost of $33.1 million and an aggregate fair value of $24.3 million. As of December 31, 2025, there were four debt investments with an internal credit rating of 1, with an aggregate cost of $33.8 million and an aggregate fair value of $24.5 million.
Liquidity and Capital Resources
As of March 31, 2026, the Company had $105.3 million in available liquidity, consisting of $73.3 million in cash and money market funds, and $32.0 million in funds available under existing credit facility commitments.
As of March 31, 2026, there was $45.0 million in outstanding principal balance under the $150.0 million revolving credit facility (“Key Facility”). The Key Facility allows for an increase in the total loan commitment up to an aggregate commitment of $300.0 million. There can be no assurance that any additional lenders will make any commitments under the Key Facility.
As of March 31, 2026, there was $181.0 million in outstanding principal balance under the $250 million senior secured debt facility with a large U.S.-based insurance company at an interest rate of 6.57%.
Additionally, as of March 31, 2026, there was $90.0 million in outstanding principal balance under the $200 million senior secured credit facility with a large U.S.-based insurance company at an interest rate of 7.21%.
On October 17, 2024, the Company entered into a note purchase agreement, by and among the Company, and each purchaser named therein, in connection with the issuance and sale of $20.0 million aggregate principal of the Company’s 7.125% convertible notes due 2031 (the “2031 Convertible Notes”). As of March 31, 2026, the aggregate outstanding principal balance of the 2031 Convertible Notes was $2.8 million.
On September 4, 2025, the Company entered into a note purchase agreement, by and among the Company, and each purchaser named therein, in connection with the issuance and sale of $40.0 million aggregate principal of the Company’s 5.50% convertible notes due 2030 (the “2030 Convertible Notes”). During the quarter ended March 31, 2026, the holders of a portion of the 2030 Convertible Notes converted $15.1 million in outstanding principal of the 2030 Convertible Notes plus accrued but unpaid interest on such outstanding principal as of the conversion date into 2,118,250 shares of common stock at a weighted average conversion price of $7.12, together with cash in lieu of fractional shares, in accordance with noteholder conversion notice. As of March 31, 2026, the aggregate outstanding principal balance of the 2030 Convertible Notes was $16.5 million.
As of March 31, 2026, the Company’s net debt to equity leverage ratio was 113%, below the Company’s 120% targeted leverage. The asset coverage ratio for borrowed amounts was 174%.
Liquidity Events
During the quarter ended March 31, 2026, Horizon experienced liquidity events from two portfolio companies. Liquidity events for Horizon may consist of the sale of warrants or equity in portfolio companies, loan prepayments, sale of owned assets or receipt of success fees.
In March, with the proceeds of a new loan from HRZN, a portfolio company paid its outstanding principal balance of $30.0 million on its venture loan, plus interest and end-of-term payment. HRZN continues to hold warrants in the company.
In March, a portfolio company paid its outstanding principal balance of $32.5 million on its venture loan, plus interest, end-of-term payment and prepayment fee. HRZN continues to hold warrants in the company.
Net Asset Value
At March 31, 2026, the Company’s net assets were $333.9 million, or $6.98 per share, compared to $305.5 million, or $7.57 per share, as of March 31, 2025, and $318.5 million, or $6.98 per share, as of December 31, 2025.
For the quarter ended March 31, 2026, net increase in net assets resulting from operations was $2.8 million, or $0.06 per basic share, compared to a net decrease in net assets resulting from operations of $21.4 million, or $0.53 per basic share, for the quarter ended March 31, 2025.
Stock Repurchase Program
During the quarter ended March 31, 2026, the Company did not repurchase any shares of its common stock under its stock repurchase program. From the date of the inception of the Company’s stock repurchase program through March 31, 2026, the Company has repurchased 167,465 shares of its common stock at an average price of $11.22 on the open market at a total cost of $1.9 million. On May 1, 2026, the Company’s board of directors extended through June 30, 2027, the Company’s stock repurchase program which currently allows the Company to repurchase up to $10.0 million of its common stock at prices below the Company’s net asset value per share as reported in its most recent consolidated financial statements, provided such purchases, in the aggregate, do not exceed two percent (2%) of the shares outstanding at the time of purchase and such shares are purchased only when the such shares are trading below 90% of the Company's most recently disclosed net asset value per share.
Recent Developments
On April 1, 2026, the Company funded a $15.0 million debt investment to a new portfolio company, Stellar Cyber, Inc.
On April 14, 2026, the Company closed its merger with Monroe Capital Corporation. In connection with the closing of the merger, the Company received approximately $141.1 million in cash and issued 20,370,645 shares of its common stock in the aggregate, or 0.9402 shares of its common stock for each share of MRCC common stock, to MRCC stockholders (and payment of cash in lieu of fractional shares). Former MRCC stockholders and legacy stockholders of the Company own 29.86% and 70.14% of the combined company, respectively, immediately following the closing of the merger.
On April 14, 2026, the Company repaid the outstanding balance of $45.0 million on its Key Facility from the proceeds of its merger with MRCC.
On April 30, 2026, the Company funded a $3.0 million debt investment to a new portfolio company, Bastille Buyer, Inc.
On April 30, 2026, the Company funded a $4.0 million debt investment to a new portfolio company, Volt Bidco, Inc.
Monthly Distributions Declared in Second Quarter 2026
On May 1, 2026, the Company’s Board declared regular monthly cash distributions of $0.06 per share payable in each of July, August and September 2026, and, in accordance with the Company’s previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income, special monthly cash distributions of $0.03 per share payable in each of July, August and September 2026. The following tables show these monthly and special distributions, which total $0.27 per share:
Regular Monthly Distributions Payable in Third Quarter 2026
Ex-Dividend Date
Record Date
Payment Date
Amount per Share
June 17, 2026
June 17, 2026
July 15, 2026
$0.06
July 16, 2026
July 16, 2026
August 14, 2026
$0.06
August 17, 2026
August 17, 2026
September 15, 2026
$0.06
Total:
$0.18
Special Monthly Distributions Payable in Third Quarter 2026
Ex-Dividend Date
Record Date
Payment Date
Amount per Share
June 17, 2026
June 17, 2026
July 15, 2026
$0.03
July 16, 2026
July 16, 2026
August 14, 2026
$0.03
August 17, 2026
August 17, 2026
September 15, 2026
$0.03
Total:
$0.09
After paying distributions of $0.33 per share and earning net investment income of $0.19 per share for the quarter, the Company’s undistributed spillover income as of March 31, 2026 was $0.52 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.
The Company’s board of directors sets the level of distributions for each quarter based on its results of operations, spillover income and longer-term outlook, including expected operating results for the current fiscal year. When declaring distributions, the Company’s board of directors reviews estimates of taxable income available for distribution, which may differ from consolidated net income under generally accepted accounting principles due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of spillover income carried over from a given year for distribution in the following year. The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.
Conference Call
The Company will host a conference call on Wednesday, May 6, 2026 at 9:00 a.m. ET to discuss its latest corporate developments and financial results. To participate in the call, please dial (877) 407-9716 (domestic) or (201) 493-6779 (international). The access code for all callers is 13759343. The Company recommends joining the call at least 5 minutes in advance. In addition, a live webcast will be available on the Company’s website at www.horizontechfinance.com.
A webcast replay will be available on the Company’s website for 30 days following the call.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity-backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S. Monroe Capital is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. To learn more, please visit horizontechfinance.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Horizon’s filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts:
Investor Relations:
ICR
Garrett Edson
ir@horizontechfinance.com
(646) 200-8885
Media Relations:
ICR
Chris Gillick
HorizonPR@icrinc.com
(646) 677-1819
Horizon Technology Finance Corporation and Subsidiaries
Consolidated Statements of Assets and Liabilities
(Dollars in thousands, except share and per share data)
March 31,
December 31,
2026
2025
(unaudited)
Assets
Non-affiliate investments at fair value (cost of $668,376 and $616,236, respectively)
$
631,495
$
584,100
Non-controlled affiliate investments at fair value (cost of $89,941 and $89,033, respectively)
64,202
63,144
Total investments at fair value (cost of $758,317 and $705,269, respectively)
695,697
647,244
Cash
34,489
105,519
Investments in money market funds
36,139
34,711
Restricted investments in money market funds
2,634
2,463
Interest receivable
12,742
12,086
Other assets
9,946
9,081
Total assets
$
791,647
$
811,104
Liabilities
Borrowings
$
447,166
$
473,027
Distributions payable
2,872
15,053
Base management fee payable
1,041
975
Incentive fee payable
1,765
—
Other accrued expenses
4,940
3,547
Total liabilities
457,784
492,602
Commitments and contingencies
Net assets
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2026 and December 31, 2025
—
—
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 48,027,471 and 45,781,280 shares issued and 47,860,006 and 45,613,815 shares outstanding as of March 31, 2026 and December 31, 2025, respectively
53
51
Paid-in capital in excess of par
575,167
559,355
Distributable loss
(241,357
)
(240,904
)
Total net assets
333,863
318,502
Total liabilities and net assets
$
791,647
$
811,104
Net asset value per common share
$
6.98
$
6.98
Horizon Technology Finance Corporation and Subsidiaries
Consolidated Statements of Operations (Unaudited)
(Dollars in thousands, except share and per share data)
For the Three Months Ended
March 31,
2026
2025
Investment income
From non-affiliate investments:
Interest income
$
21,073
$
23,438
Payment-in-kind interest income
437
77
Fee income
997
1,062
From non-controlled affiliate investments:
Payment-in-kind interest income
841
—
Interest income
731
—
From controlled affiliate investments:
Payment-in-kind interest income
—
208
Interest reversal
—
(269
)
Total investment income
24,079
24,516
Expenses
Interest expense
8,179
8,681
Base management fee
3,120
3,180
Performance based incentive fee
1,765
—
Administrative fee
640
406
Professional fees
757
725
General and administrative
380
427
Total expenses
14,841
13,419
Net investment income before excise tax
9,238
11,097
Provision for excise tax
267
378
Net investment income
8,971
10,719
Net realized and unrealized loss
Net realized (loss) gain on non-affiliate investments
(161
)
1
Net realized (loss) gain on investments
(161
)
1
Net realized loss on extinguishment of debt
(1,432
)
—
Net realized (loss) gain
(1,593
)
1
Net unrealized depreciation on non-affiliate investments
(4,750
)
(12,037
)
Net unrealized appreciation (depreciation) on non-controlled affiliate investments
150
(2
)
Net unrealized depreciation on controlled affiliate investments
—
(20,117
)
Net unrealized depreciation on investments
(4,600
)
(32,156
)
Net realized and unrealized loss
(6,193
)
(32,155
)
Net increase (decrease) in net assets resulting from operations
$
2,778
$
(21,436
)
Net investment income per common share - basic
$
0.19
$
0.27
Net investment income per common share - diluted
$
0.19
$
0.27
Net increase (decrease) in net assets resulting from operations per common share - basic
$
0.06
$
(0.53
)
Net increase (decrease) in net assets resulting from operations per common share - diluted
$
0.06
$
(0.53
)
Weighted average shares outstanding - basic
47,316,637
40,223,393
Weighted average shares outstanding - diluted
47,316,637
40,223,393
Distributions declared per share
$
0.18
$
0.33
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v3.26.1
Document And Entity Information
May 05, 2026
Document Information [Line Items]
Entity, Registrant Name
HORIZON TECHNOLOGY FINANCE CORPORATION
Document, Type
8-K
Document, Period End Date
May 05, 2026
Entity, Incorporation, State or Country Code
DE
Entity, File Number
814-00802
Entity, Tax Identification Number
27-2114934
Entity, Address, Address Line One
312 Farmington Avenue
Entity, Address, City or Town
Farmington
Entity, Address, State or Province
CT
Entity, Address, Postal Zip Code
06032
City Area Code
860
Local Phone Number
676-8654
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity, Emerging Growth Company
false
Amendment Flag
false
Entity, Central Index Key
0001487428
CommonStock Custom [Member]
Document Information [Line Items]
Title of 12(b) Security
Common Stock
Trading Symbol
HRZN
Security Exchange Name
NASDAQ
NotesDue2027625 Custom [Member]
Document Information [Line Items]
Title of 12(b) Security
6.25% Notes due 2027
Trading Symbol
HTFC
Security Exchange Name
NYSE
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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No definition available.
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- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
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- Definition
Address Line 1 such as Attn, Building Name, Street Name
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No definition available.
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- Definition
Name of the City or Town
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No definition available.
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- Definition
Code for the postal or zip code
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No definition available.
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- Definition
Name of the state or province.
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No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
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No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Local phone number for entity.
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No definition available.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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-Number 240
-Section 14a
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- Definition
Trading symbol of an instrument as listed on an exchange.
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No definition available.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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