GlobeNewswire·Mar 16, 2026, 9:15 AM ET

Horizon Technology Finance Corporation and Monroe Capital Corporation Announce Shareholder Approvals of Merger

HRZN & MRCC shareholders overwhelmingly approved the merger & related asset sale at special meetings on March 13, 2026.
Over 83% of HRZN voters supported the stock issuance proposal, while over 88% of MRCC voters approved the merger & asset sale.
Prior to the merger, MCIP will purchase substantially all of MRCC's assets for cash at fair value.
MRCC will merge into HRZN, leaving HRZN as the surviving entity continuing to trade on NASDAQ under the symbol "HRZN".
The combined company will be managed by HTFM, with the merger closing expected within 30 days of the announcement.
MRCC plans a one-time supplemental cash distribution of approximately $13.0 million, bringing the total pre-merger distribution to roughly $15.9 million ($0.75 per share).
HRZN intends to use $27.6 million of undistributed taxable earnings to provide supplemental distributions for two quarters post-closing, subject to board declaration.
MRCC shareholders will receive HRZN common stock based on the ratio of net asset values per share determined shortly before closing.
HTFM agreed to waive up to $4 million in management & incentive fees over the first four full fiscal quarters following the merger.
The merger is subject to customary closing conditions, with final distribution amounts & record dates to be announced later.