Kimberley Ann O’Connor, a director at Horizon Technology Finance Corp (NASDAQ: HRZN), executed a purchase of common stock in the company on June 9, 2026, according to a recent filing with the Securities and Exchange Commission. The transaction involved the acquisition of 10,000 shares at a price of $4.3699 per share, totaling $43,699. Following this acquisition, Ms. O’Connor holds a direct position of 10,000 shares in Horizon Technology Finance.
The purchase occurs as HRZN trades at $4.44, near its 52-week low of $3.80. The stock has declined 27% over the past six months. Despite this recent weakness, the company offers a substantial 16% dividend yield.
Horizon Technology Finance recently completed its merger with Monroe Capital Corporation. Horizon is the surviving entity in the combination. The combined company now holds approximately $471.7 million in net assets. This includes $141.1 million in cash from the merger. Horizon plans to use these funds to repay debt and make new investments.
The company also formed a $100 million venture lending joint venture with CR Financial Holdings. This initiative aims to provide growth capital financing to small- and micro-cap public companies in the U.S. The new venture will leverage its initial capital through warehouse credit facilities.
Horizon announced a $40 million loan facility to Hyperfine, Inc. The initial funding is $15 million, with up to $25 million available for future growth.
In corporate governance news, Horizon appointed Grant Thornton LLP as its new independent registered public accounting firm. This replaces RSM US LLP. The change follows a recommendation from Horizon’s audit committee. RSM’s previous audit reports did not contain any adverse opinions. Shareholders from both Horizon and Monroe Capital approved the merger with significant support.