<SEC-DOCUMENT>0001437749-23-010011.txt : 20230411
<SEC-HEADER>0001437749-23-010011.hdr.sgml : 20230411
<ACCEPTANCE-DATETIME>20230411164904
ACCESSION NUMBER:		0001437749-23-010011
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230411
DATE AS OF CHANGE:		20230411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Horizon Technology Finance Corp
		CENTRAL INDEX KEY:			0001487428
		IRS NUMBER:				272114934
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00802
		FILM NUMBER:		23813845

	BUSINESS ADDRESS:	
		STREET 1:		312 FARMINGTON AVENUE
		CITY:			FARMINGTON
		STATE:			CT
		ZIP:			06032
		BUSINESS PHONE:		860-676-8654

	MAIL ADDRESS:	
		STREET 1:		312 FARMINGTON AVENUE
		CITY:			FARMINGTON
		STATE:			CT
		ZIP:			06032
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>hrzn20230411_defa14a.htm
<DESCRIPTION>FORM DEFA14A
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>UNITED STATES</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Washington, D.C. 20549</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 14A</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Proxy Statement Pursuant to Section 14(a) of </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>the Securities Exchange Act of 1934</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Filed by the Registrant &#9745;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Filed by a Party other than the Registrant &#9744;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Check the appropriate box:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&#9744;</p>
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			<td style="vertical-align:top;width:auto;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Preliminary Proxy Statement</p>
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			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&#9744;</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</b></p>
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			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&#9744;</p>
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			<td style="vertical-align:top;width:auto;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Definitive Proxy Statement</p>
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			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&#9745;</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Definitive Additional Materials</p>
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			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&#9744;</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Soliciting Material Pursuant to Section 240.14a-12</p>
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Horizon Technology Finance Corporation</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(Name of Registrant as Specified in its Charter)</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Payment of Filing Fee (Check the appropriate box):</p>

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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">No fee required.</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Fee paid previously with preliminary materials.</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</p>
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>HORIZON TECHNOLOGY FINANCE CORPORATION</b><br>
<b>312 Farmington Avenue</b><br>
<b>Farmington, Connecticut 06032</b><br>
<b>(860)</b>&nbsp;<b>676-8654</b><br>
<br>
<b>SUPPLEMENTAL DISCLOSURES TO</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-align: center;"><b>PROXY STATEMENT</b><br>
<b>For</b><br>
<b>2023 Annual Meeting of Stockholders</b><br>
<b>To Be Held on May 25, 2023</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">On April 6, 2023, Horizon Technology Finance Corporation (the &#8220;<u>Company</u>&#8221;) filed with the SEC a definitive proxy statement (the &#8220;<u>Proxy Statement</u>&#8221;). Below, the Company includes supplemental disclosures related to what constitutes a &#8216;1940 Act Majority&#8217; under the Investment Company Act of 1940, as amended (the &#8220;<u>1940 Act</u>&#8221;).</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Supplemental Disclosures.</i></b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The following disclosures supplement the disclosures contained in the Proxy Statement and should be read in conjunction with the disclosures contained in the Proxy Statement, which should be read in its entirety. To the extent that the information set forth herein differs from or updates information contained in the Proxy Statement, the information set forth herein shall supersede or supplement the information in the Proxy Statement. All page references are to pages in the Proxy Statement, and terms used below, unless otherwise defined in this report, have the meanings set forth in the Proxy Statement. For clarity, new text within the restated disclosure from the Proxy Statement is presented in <b>bold text </b>and deletions to the previous disclosure are presented in <strike>strikethrough</strike>.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i>The following disclosure revises the disclosure in the Proxy Statement in the second paragraph under the heading </i>&#8220;<i>Proposal 2: To Approve the New Investment Management Agreement Between the Company and HTFM</i>&#8212;<i>Question: Why am I being asked to vote on the New Investment Management Agreement now?</i>&#8221;<i> and is supplemented as follows:</i></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 36pt;">Section 2(a)(4) of the 1940 Act provides that the transfer of a controlling interest of an investment advisor, such as will be caused by the Transaction, constitutes an &#8220;assignment.&#8221; Section 15(a) of the 1940 Act provides that an investment management contract terminates on its &#8220;assignment.&#8221; Accordingly, in order to permit HTFM to continue to provide investment advisory services to the Company after the closing of the Transaction, a new investment management agreement must be approved by the Board of the Company, including a majority of the Board&#8217;s Independent Directors (as defined below), and the Company&#8217;s Stockholders by the affirmative vote of the lesser of (1) 67% or more of the shares of the Company&#8217;s stock present or represented by proxy and entitled to vote at the Meeting if the holders of more than 50% of the outstanding shares are present or represented by proxy and entitled to vote at the Meeting or (2) more than 50% of the <b>Company</b>&#8217;<b>s</b> outstanding shares <b>of stock</b> <strike>of the Company&#8217;s stock present or represented by proxy and entitled to vote at the Meeting</strike>. The parties to the Purchase Agreement have requested that the Board approve the New Investment Management Agreement and that the Board seek Stockholder approval of the New Investment Management Agreement. A copy of the proposed form of the New Investment Management Agreement, as approved by the Board, is attached to this Proxy Statement as&nbsp;<u>Exhibit A</u>. All material terms of the New Investment Management Agreement are unchanged from the Current Investment Management Agreement.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i>The following disclosure revises the disclosure in the Proxy Statement in the second paragraph under the heading </i>&#8220;<i>Votes Required</i>&#8212;<i>Approval of New Investment Management Agreement</i>&#8221;<i> and is supplemented as follows: </i></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 36pt;">A &#8220;1940 Act majority&#8221; is required to approve the New Investment Management Agreement. A &#8220;1940 Act majority&#8221; means the affirmative vote of the lesser of (1) 67% or more of the shares of the Company&#8217;s stock present or represented by proxy and entitled to vote at the Meeting if the holders of more than 50% of the outstanding shares are present or represented by proxy and entitled to vote at the Meeting or (2) more than 50% of the <b>Company</b>&#8217;<b>s</b> outstanding shares <b>of stock</b><strike> of the Company&#8217;s stock present or represented by proxy</strike></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 36pt;"><strike>and entitled to vote at the Meeting</strike>. Abstentions and broker non-votes, if any, will have the effect of a vote &#8220;AGAINST&#8221; Proposal 2.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Additional Information and Where to Find It</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">In connection with the approval of the New Investment Management Agreement, including seeking to obtain the Company&#8217;s stockholder approval in connection therewith, the Company has filed certain materials with the SEC, including, among other materials, the Proxy Statement. The Proxy Statement was first mailed to the Company&#8217;s stockholders on or around April 6, 2023. The Proxy Statement contains important information about the Company and the New Investment Management Agreement. This communication is not a substitute for the Proxy Statement to which it pertains or for any other document that the Company may file with the SEC and send to the Company&#8217;s stockholders in connection with the approval of the New Investment Management Agreement. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT, AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN/WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE NEW INVESTMENT MANAGEMENT AGREEMENT. Stockholders are able to obtain the documents filed with the SEC free of charge on the SEC&#8217;s website at http://www.sec.gov, or on the Company&#8217;s website at http://www.horizontechfinance.com.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Participants in the Solicitation</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Horizon Technology Finance Corporation, Horizon Technology Finance Management LLC, and Monroe Capital LLC may be deemed to be participants in the anticipated solicitation of proxies from the Company&#8217;s stockholders in connection with the approval of the New Investment Management Agreement. Information regarding Horizon Technology Finance Corporation&#8217;s directors and executive officers is available in its Proxy Statement for its 2023 annual meeting of stockholders filed with the SEC on April 6, 2023, and subsequent filings which the Company has made with the SEC. Information regarding Horizon Technology Finance Management LLC&#8217;s directors and officers is available on its Form ADV currently on file with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, which may be different than those of the Company&#8217;s stockholders generally, is set forth in the Proxy Statement filed with the SEC on April 6, 2023, and in other relevant materials to be filed with the SEC. These documents may be obtained free of charge from the sources indicated above.</p>

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