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Horizon Technology Finance Corp 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Horizon Technology Finance Corp

Filing date:

02/21/2025

TLDR:

Horizon Technology Finance Corporation’s stockholders approved a new investment management agreement contingent on the closing of an Adviser change in control transaction.

ELI5:

The company had a meeting where shareholders voted to approve a new agreement with the company’s investment advisor, but it only takes effect if the advisor changes ownership.

Accession #:

0001437749-25-004746

Published on

Analyst Summary

  • Stockholders approved a new investment management agreement between the Company and Horizon Technology Finance Management LLC.
  • As of December 26, 2024, the record date for the Special Meeting, there were 39,875,847 shares of the Company’s common stock outstanding and entitled to vote.
  • A quorum consisting of 20,428,691 shares of the Company’s common stock were present or represented by proxy at the Special Meeting.
  • The voting results for the proposal were 18,014,786 For, 1,287,559 Against, and 1,126,346 Abstain.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️