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Form 8-K

sec.gov

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)

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0001487428

0001487428

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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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

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Entity, Emerging Growth Company

false

Amendment Flag

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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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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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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'.

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

-Section 12

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Indicate if registrant meets the emerging growth company criteria.

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-Number 240

-Section 12

-Subsection b-2

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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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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Number 240

-Section 12

-Subsection b-2

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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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Local phone number for entity.

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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.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Number 240

-Section 13e

-Subsection 4c

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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.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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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.

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Trading symbol of an instrument as listed on an exchange.

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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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