HRZN · Horizon Technology Finance Corp

Summary

Horizon Technology Finance Corporation and CR Financial Holdings, Inc. entered into a Limited Liability Company Agreement on March 18, 2026, forming HRZN CRFH LLC joint venture with aggregate capital commitments of $100,000,000, including the Company's $87,500,000 commitment. The joint venture will invest in growth capital financing for small- and micro-cap public companies, with equal governance representation.

Key takeaways

• Entered LLC Agreement on March 18, 2026, with CRFH to form HRZN CRFH LLC
• Aggregate commitments: $100,000,000; Company: $87,500,000; CRFH: $12,500,000
• Investments require unanimous approval by four-person investment committee with equal Company and CRFH representatives
• Management decisions by majority vote of board of directors with equal representatives from each party
• Press release issued March 19, 2026, announcing joint venture launch (Exhibit 99.1)
• LLC Agreement filed as Exhibit 10.1