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Horizon Technology Finance Corporation and Monroe Capital Corporation Announce Shareholder Approvals of Merger
Monroe Capital Corporation Announces Shareholder Approval of Related Asset Sale FARMINGTON, Conn. and CHICAGO, March 16, 2026 (GLOBE NEWSWIRE) -- Horizon
About this update from Horizon Technology Finance Corporation
[{"type":"text","content":"Monroe Capital Corporation Announces Shareholder Approval of Related Asset Sale\nFARMINGTON, Conn. and CHICAGO, March 16, 2026 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (“HRZN”; NASDAQ: HRZN) announced today that its shareholders, at a special meeting held on March 13, 2026, approved the issuance of HRZN’s common stock (the “HRZN Share Issuance Proposal”) in connection with the proposed merger of Monroe Capital Corporation (NASDAQ: MRCC) (“MRCC”) with and into HRZN (the “Merger”). In addition, MRCC announced today that its shareholders, at a special meeting held on March 13, 2026, approved: (1) the proposed Merger and (2) the related proposed sale of substantially all of MRCC’s assets to Monroe Capital Income Plus Corporation (“MCIP”) at fair value for cash (the “Asset Sale”). HRZN shareholders voted overwhelmingly in favor of the HRZN Share Issuance Proposal, with more than 83% of voting shareholders supporting the proposal. MRCC shareholders similarly voted overwhelmingly in favor of the proposed transactions, with more than 88% of voting shareholders supporting the Merger and the Asset Sale. As previously announced, prior to the effectiveness of the Merger, MCIP will purchase for cash substantially all of the assets of MRCC at their fair value, as determined shortly before closing. Following the closing of the Asset Sale to MCIP, MRCC will merge with and into HRZN, with HRZN as the surviving public entity, which will continue to be managed by Horizon Technology Finance Management LLC (“HTFM”) and continue to trade on the NASDAQ under the symbol “HRZN”. The closing of the Asset Sale and the subsequent Merger are subject to the satisfaction of customary closing conditions. HRZN and MRCC will announce at a later date the anticipated closing date for the Merger, which they expect to be within the next 30 days. “We are very pleased to receive the strong support from our shareholders for the proposed merger with HRZN,” said Theodore L. Koenig, Chairman and CEO of Monroe Capital. “We believe this transaction is in the best interest of shareholders of both MRCC and HRZN, unlocking significant value within MRCC, while positioning the combined HRZN platform with the enhanced growth capital to advance its long-term strategic initiatives. We expect the merger to generate meaningful synergies, cost efficiencies and the po...