FARMINGTON, Conn., May well 30, 2023 /PRNewswire/ — Horizon Technologies Finance Corporation (Nasdaq: HRZN) (the “Firm” or “Horizon”) announced these days a proposed underwritten major supplying of three,250,000 shares of its popular stock. In connection with the proposed supplying, the Firm intends to grant the underwriters for the supplying a 30-day selection to obtain up to an added 487,500 shares of the Company’s popular stock.
The joint-lead book-operating managers for the supplying are Morgan Stanley & Co. LLC, UBS Investment Bank, and Wells Fargo Securities.
The Firm intends to use the net proceeds of this supplying to repay its outstanding debt borrowed below its revolving credit facility supplied by KeyBank National Association (the “Important Facility”). Even so, via re-borrowing of the initial repayments below its Important Facility, the Firm intends to use the net proceeds from this supplying to make investments in accordance with its investment objective and methods described in the prospectus supplement and the accompanying prospectus, to spend the Company’s operating expenditures and other money obligations, and for common corporate purposes.
Investors are advised to cautiously think about the investment objective, dangers, charges and expenditures of the Firm ahead of investing. The preliminary prospectus supplement dated May well 30, 2023 and the accompanying base prospectus dated July 21, 2021 includes this and other information and facts about the Firm and should really be study cautiously ahead of investing. The information and facts in the preliminary prospectus supplement, the accompanying prospectus and this press release is not total and may well be changed.
The supplying may well be created only by signifies of a preliminary prospectus supplement and an accompanying prospectus, copies of which may well be obtained from (1) Morgan Stanley & Co. LLC, Attn: Prospectus Division, 180 Varick Street, 2nd Floor, New York, NY 10014, (two) UBS Investment Bank, Focus: Prospectus Division, 1285 Avenue of the Americas, New York, New York 10019, Phone: 888-827-7275, or by e mail at [email protected] or (three) Wells Fargo Securities, LLC at 550 West 33rd Street, New York, New York, 1001, Attn: Equity Syndicate Division, by calling toll free of charge 1-800-326-5897, or by e mail at [email protected].
This press release does not constitute an supply to sell or the solicitation of an supply to obtain the securities in this supplying or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such supply, solicitation or sale would be unlawful prior to the registration or qualification below the securities laws of such state or jurisdiction.
About Horizon Technologies Finance
Horizon Technologies Finance Corporation (NASDAQ: HRZN) is a major specialty finance corporation that offers capital in the type of secured loans to venture capital backed providers in the technologies, life science, healthcare information and facts and solutions, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by creating present revenue from the debt investments it tends to make and capital appreciation from the warrants it receives when producing such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and investment specialists positioned in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To discover much more, please go to horizontechfinance.com.
Statements integrated herein may well constitute “forward-searching statements” inside the which means of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical information integrated in this press release may well constitute forward-searching statements and are not guarantees of future overall performance, situation or outcomes and involve a quantity of dangers and uncertainties. Actual outcomes may well differ materially from these in the forward-searching statements as a outcome of a quantity of variables, which includes these described from time to time in the Company’s filings with the Securities and Exchange Commission. The Firm undertakes no duty to update any forward-searching statement created herein. All forward-searching statements speak only as of the date of this press release.
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