Horizon Technology Finance Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $301.0M
- Price
- $4.49
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.97%
- Volume
- 329.1K
About
Horizon Technology Finance Corporation operates as a business development company (BDC) with a core focus on providing financing and making equity investments in businesses in their early growth phases. The firm primarily offers secured debt and venture loans to companies that have already secured funding from venture capital firms. Its investment interests span various industries, including technology, life sciences, healthcare information and services, and clean technology. Geographically, Horizon Technology Finance Corporation directs its investments towards companies situated within the United States.
Quick stats
Shares outstanding67.0M
Computed float68.1M
Float / shares101.5%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001487428
AI Summary
AI-generated1/21
minorbullishdebt offering
Horizon Technology Finance’s RoHo Joint Venture Provides up to $30 Million Loan Facility to NeoVolta
Horizon Technology Finance's RoHo joint venture provided a $20 million senior credit facility to NeoVolta, with the ability to increase the facility to $30 million by mutual agreement; the initial $20 million was funded at closing.
RoHo is a JV formed by Horizon and CR Financial Holdings, the holding company for Roth Capital Partners, pairing Horizon's venture lending expertise with Roth's public markets relationships to deliver growth capital to small- and micro-cap public companies.
NeoVolta develops and manufactures domestic battery energy storage systems and, together with partner LONGi, is building a 210,600-square-foot facility in Pendergrass, Georgia, with initial annual capacity of up to 2 GWh that could scale to 8 GWh.
For HRZN, the deal is an incremental income-generating origination through the JV rather than a balance-sheet mover, but it marks early capital deployment through the RoHo channel.
Red flags
- Credit exposure to micro-cap borrower NeoVolta (NEOV) funding a capital-intensive manufacturing ramp
- Upsize to $30 million is not committed — requires mutual agreement