Welcome to our dedicated page for Horizon Techn news (Ticker: HRZN), a resource for investors and traders seeking the latest updates and insights on Horizon Techn stock.
Horizon Techn (HRZN) provides venture lending and structured debt solutions to innovation-driven companies across technology, life sciences, healthcare, and related sectors. This news hub offers investors and stakeholders timely access to official updates and strategic developments.
Track all essential HRZN announcements in one location, including earnings reports, partnership agreements, and operational milestones. Our curated collection ensures you stay informed about financing initiatives, portfolio company progress, and industry leadership developments without market speculation.
Key updates cover debt financing arrangements, warrant-related activity, and sector-specific growth initiatives. Bookmark this page for efficient monitoring of Horizon Techn's strategic positioning within specialty finance markets. Regular visits provide critical insights for informed analysis of HRZN's market role and investment profile.
Green construction company Nexii Building Solutions has announced a C$45 million (US$35 million) funding round, led by Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN). This investment will boost Nexii's growth and manufacturing capabilities to fulfill rising demand for sustainable construction. With this funding, Nexii's valuation exceeds C$2.05 billion. The company's innovative materials and solutions significantly reduce waste and carbon emissions in construction, positioning it as a leader in the industry.
Horizon Technology Finance Corporation (NASDAQ: HRZN) closed a $45 million venture loan facility to Swift Health Systems, Inc. (InBrace) on July 11, 2022. Horizon funded $7 million of the initial $10 million draw. InBrace's Smartwire® technology offers a hidden teeth straightening solution that improves patient experience, eliminating monthly adjustments. The company aims to disrupt the $40 billion orthodontic market and plans to use the loan for growth and working capital. Horizon's objective is to maximize returns through secured loans to venture-backed firms.
Divergent Technologies Inc. announced the closing of a $60 million venture loan facility led by Horizon Technology Finance Corporation (NASDAQ: HRZN) and a $20 million revolving line of credit from Bridge Bank (NYSE: WAL). These new funding sources follow a successful $160 million Series C funding earlier this year. The venture loan will provide additional funding based on milestones, while the line of credit will aid in growth and working capital. Divergent focuses on revolutionizing automotive manufacturing through its innovative Divergent Adaptive Production System (DAPS).
IMV Inc. has successfully accessed the remaining
Horizon Technology Finance Corporation (Nasdaq: HRZN) announced the pricing of a public offering of $50 million in notes due June 2027, resulting in net proceeds of approximately $48.25 million. The notes will bear an interest rate of 6.250% per year with the first payment on September 30, 2022, and will be redeemable after June 15, 2024. The offering is set to close on June 15, 2022, with proceeds earmarked for reducing borrowings from KeyBank and general corporate purposes. The company has also provided underwriters an option to purchase an additional $7.5 million in notes.
Soli Organic has launched its USDA-certified organic 'Indolce' basil in over 2,000 stores across the Mid-Atlantic region, including major retailers like Walmart and Whole Foods. The new line promises to be priced nearly a dollar less per ounce than field-grown organic produce. Bolstering its operations, the company secured $50 million in venture debt financing from Horizon Technology Finance and Bridge Bank to enhance its production capacity. This follows a previous $120 million financing arrangement, aiming for 15 indoor farms nationwide to meet rising demand for organic produce.
Horizon Technology Finance Management has announced the addition of six professionals to its operations, legal, and investment teams to support growth driven by over $650 million in assets under management (AUM). This expansion aligns with Horizon's commitment to enhancing service for its portfolio companies and improving returns for investors. The new team members bring extensive experience from various financial and legal backgrounds, positioned across Horizon's offices in Farmington, Connecticut, and Pleasanton, California.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.10 per share for July, August, and September 2022, totaling $0.30 per share. The company has paid $182 million in distributions since its IPO in 2010. The Ex-Dividend Dates for the upcoming distributions are June 16, July 18, and August 17, 2022. Horizon also offers a Dividend Reinvestment Plan (DRIP) for shareholders who prefer automatic reinvestment of their distributions into additional shares.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced a 36% year-over-year growth in its investment portfolio, reaching $515 million. The company reported first quarter 2022 net investment income (NII) of $5.7 million, or $0.26 per share, down from $6.0 million a year ago. As of March 31, 2022, HRZN had a net asset value (NAV) of $280 million, or $11.68 per share. With a robust debt portfolio yield of 12.4% and a record committed backlog of $172 million, HRZN is well-positioned for future growth. Monthly distributions of $0.30 per share were declared for July, August, and September.
Horizon Technology Finance Corporation (NASDAQ: HRZN) has successfully closed a venture loan facility with Native Microbials, a company specializing in microbial solutions for animal health. The funding aims to enhance Native Microbials’ manufacturing capabilities, supply chain, and customer services. Horizon's President, Gerald Michaud, highlighted the significant market opportunity in animal health and nutrition supported by Native Microbials' innovative technology. The loan will enable Native Microbials to meet growing demand among farmers and pet owners.
