Horizon Technology Finance Corporation Announces Common Share Offering

FARMINGTON, Conn., March 9, 2022 /PRNewswire/ — Horizon Technology Finance Corporation (Nasdaq: HRZN) (the “Company” or “Horizon”) today announced a proposed primary offering of 2,500,000 shares of common stock. In connection with the proposed offer, the Company intends to grant the underwriters of the offer a 30-day option to purchase up to 375,000 additional common shares of the Company.

The joint lead managers of the offering are Morgan Stanley & Co. LLC and UBS Securities LLC, and the joint lead manager is Oppenheimer & Co. LLC.

The Company intends to use the net proceeds of this offering to repay its outstanding indebtedness borrowed under its revolving credit facility provided by KeyBank National Association (the “Key Facility”). However, by re-borrowing the initial repayments under its key facility, the Company intends to use the net proceeds of this offering to make investments in accordance with its investment objective and strategies described in the Prospectus Supplement and accompanying prospectus, to pay operating expenses and other cash obligations of the company, and for general corporate purposes.

Investors are advised to carefully consider the Company’s investment objective, risks, charges and expenses before investing. The preliminary prospectus supplement of the March 9, 2022 and the attached base prospectus dated July 21, 2021 contains this and other information about the Company and should be read carefully before investing. The information contained in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and is subject to change.

The offering may only be made by means of a preliminary prospectus supplement and accompanying prospectus, copies of which may be obtained from (1) Morgan Stanley Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or (2) UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, Phone: 888-827-7275, or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of this offer or any other securities, and there will be no sale of these securities or any other securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Horizon Technology Financing

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture-backed companies in the technology, life sciences, health information and services and sustainability. Horizon’s investment objective is to maximize the return on its investment portfolio by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when these borrowed investments. Based at Farmington, ConnecticutHorizon also has regional offices in Pleasanton, Californiaand investment professionals located in Portland, Maine, Austin, TX and Reston, Virginia.

Forward-looking statements

Statements included in this press release 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 do not constitute are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. Horizon assumes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.

SOURCE Horizon Technology Finance Corporation

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