Shareholders of Horizon Technology Finance (HRZN), at a special meeting held on March 13, 2026, approved the issuance of HRZN’s common stock in connection with the proposed merger of Monroe Capital (MRCC) with and into HRZN.
In addition, MRCC’s shareholders, at a special meeting held on March 13, 2026, approved:
- The proposed merger
- The related proposed sale of substantially all of MRCC’s assets to Monroe Capital Income Plus (MCIP) at fair value for cash
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 (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,” Theodore L. Koenig, chairman and CEO of Monroe Capital, said. “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 potential for stronger, more sustainable risk-adjusted returns for shareholders. Supported by Monroe Capital, a leading asset manager with approximately $24 billion in AUM, the combined entity will be well positioned to accelerate HRZN’s next phase of growth and create enduring value for all stakeholders.”
Mike Balkin, CEO of Horizon Technology Finance, said, “We appreciate our shareholders’ strong approval, which marks an important step forward as we prepare for the next phase of Horizon’s growth. Once the merger is completed, we expect the combined company will strengthen our position in the venture lending market by increasing our scale, enhancing our earnings potential and expanding our capacity to support innovative, high growth companies. We believe these advantages will help drive long term value for our shareholders and reinforce Horizon’s role as a leading financing partner to the innovation economy.”
