Risk factors
Horizon Technology Finance (HRZN) risk factors
Item 1A of every Horizon Technology Finance Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors119 risks18 new9 dropped4 reworded
The risk section is dominated by the pending merger transactions involving MRCC, including closing conditions, deployment of $162 million in net cash proceeds, and termination risks.
Filed Mar 03, 2026 - FY2024 10-K risk factors110 risks
Horizon Technology Finance focuses on venture lending to development-stage companies in technology, life sciences, healthcare, and sustainability. Operations rely heavily on external advisor management under specific BDC and RIC regulatory constraints. Debt portfolios face risks from borrower prepayments, lack of liquidity, and subordinated debt structures.
Filed Mar 04, 2025