ADDED
hrzn20251231_10k.htm 0001487428 Horizon Technology Finance Corp false --12-31 FY 2025 true true true Our Audit Committee provides strategic oversight on cybersecurity matters, including risks associated with cybersecurity threats.
Our Audit Committee receives periodic updates from our Response Team regarding the overall state of our Advisor s cybersecurity program, information on the current threat landscape, and risks from cybersecurity threats and cybersecurity incidents impacting us.
true Our management, including our Response Team, is responsible for assessing and managing material risks from cybersecurity threats.
Our management continuously assesses, meets and prioritizes cybersecurity risks and actions taken to mitigate these risks.
Members of our management possess relevant expertise in various disciplines that are key to effectively managing such risks.
We leverage the resources of Monroe, including the Head of Information Technology, who provides resources and expertise to assist us in our cybersecurity program.
Our management is informed about and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents impacting us, including through the receipt of notifications from service providers and reliance on communications with risk management, legal, information technology, and/or compliance personnel of our Advisor.
Our management, including our Response Team, is responsible for assessing and managing material risks from cybersecurity threats.
Our management continuously assesses, meets and prioritizes cybersecurity risks and actions taken to mitigate these risks.
Members of our management possess relevant expertise in various disciplines that are key to effectively managing such risks.
REMOVED
The 2031 Convertible Notes were not outstanding as of December 31, 2023 and 2022.
The issuance of common stock on a per share basis reflects the incremental net asset value changes as a result of the issuance of common stock in the Company s continuous public offering and pursuant to the Company s distribution reinvestment plan.
The issuance of common stock at an offering price, net of sales commissions and dealer manager fees, that is greater than the net asset value per share results in an increase in net asset value per share.
During the year ended December 31, 2015, the Advisor waived $0.3 million of base management fee.
For the year ended December 31, 2024, the impact of the hypothetical conversion of 2031 Convertible Notes was antidilutive to net (decrease) increase in net assets resulting from operations per common share (Note 12).
The aggregate market value of common stock held by non-affiliates of the Registrant on June 30, 2024 based on the closing price on that date of $12.04 on the Nasdaq Global Select Market was $ 428.2 million.
There were 40,315,008 shares of the Registrant s common stock outstanding as of March 4, 2025.
As defined in the 1940 Act, asset coverage of 150% means that for every $100 of net assets a BDC holds, it may raise up to $200 from borrowing and issuing senior securities.
From the commencement of operations of Compass Horizon on March 4, 2008 through December 31, 2024, we funded 266 portfolio companies and invested $2.5 billion in debt investments.
As of December 31, 2024, our debt investment portfolio consisted of 52 debt investments with an aggregate fair value of $638.8 million.