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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Mar. 28, 9:04 PM

Slide #20. Horizon Technology Finance Corporation Secondary Offering

Company: Horizon Technology Finance Corporation (NASDAQ:HRZN)
Date announced: 3/18/2015
Shares Offered: 2,380,000
Date of Pricing: 3/19/2015
Price Per Share: $13.95
Secondary Offering Details: Horizon Technology Finance Corporation (Nasdaq:HRZN) (the "Company" or "Horizon") announced today a proposed underwritten primary offering of 2,000,000 shares of its common stock and a concurrent underwritten secondary offering of 380,000 shares of its common stock by a selling stockholder. In connection with the proposed offering, the Company intends to grant the underwriters for the offering a 30-day option to purchase up to an additional 357,000 shares of the Company's common stock solely to cover overallotments, if any. - udpated 3/19 -Horizon Technology Finance Corporation (Nasdaq:HRZN) (the "Company" or "Horizon") today announced that it has priced an underwritten public offering of 2,380,000 shares of its common stock at a price to the public of $13.95 per share for total gross proceeds of approximately $33.2 million, before deducting underwriting commission and discounts and estimated offering expenses. 2,000,000 shares of the Company's common stock are being offered by the Company and 380,000 shares of the Company's common stock are being offered by a selling shareholder. Total gross proceeds to the Company will be approximately $27.9 million and total gross proceeds to the selling shareholder will be approximately $5.3 million, in each case before deducting underwriting commission and discounts and estimated offering expenses. The public offering is expected to close on or about March 24, 2015, subject to the customary closing conditions. In connection with the offering, the Company has granted the underwriters for the offering a 30-day option to purchase up to an additional 357,000 shares of the Company's common stock solely to cover overallotments, if any.

Horizon Technology Finance is a finance company that lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively, Target Industries). Co. makes secured loans to companies backed by venture capital and private equity firms in its Target Industries. Co. also selectively lends to publicly traded companies in its Target Industries. Co. is an externally managed, closed-end management investment company that has elected to be regulated as a business development company. Horizon Technology Finance Management LLC manages the day-to-day operations of, and provides investment advisory services to, Co.
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Company Name:  Horizon Technology Finance Corp.
Website:  www.horizontechnologyfinancecorp.com
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding HRZN:  1
Total Market Value Held by ETFs:  $369131
Total Market Capitalization:  $132.00M
% of Market Cap. Held by ETFs:  0.28%
 

Open the HRZN Page at The Online Investor (in a new window) »

March 28, 2015    9:04 PM Eastern
Quotes delayed 20 minutes



Buy (2.86 out of 4)
36th percentile
(ranked lower than approx. 64% of all stocks covered)
Based on Zacks ABR data;
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