Horizon Technology Finance Corporation Announces $33.2 Million Follow-On Offering

FARMINGTON, Conn., March 24, 2015 (GLOBE NEWSWIRE) — Horizon Technology Finance Corporation (Nasdaq:HRZN) (the “Company” or “Horizon”) announced today the completion of 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 were issued by the Company and 380,000 shares of the Company’s common stock were sold by a selling shareholder. Total gross proceeds to the Company were approximately $27.9 million and total gross proceeds to the selling shareholder were approximately $5.3 million, in each case before deducting underwriting commission and discounts and estimated offering expenses. In connection with the offering, the Company has granted the underwriters 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.

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