Horizon Technology Finance and Monroe Capital Merger Approved by Shareholders

Horizon Technology Finance (HRZN) announced that its shareholders, at a special meeting held on March 13, 2026, approved the issuance of HRZN's common stock in connection with the proposed merger of Monroe Capital Corporation (MRCC) with and into HRZN. In addition, MRCC announced today that its shareholders, at a special meeting held on March 13, 2026, approved: the proposed Merger and the related proposed sale of substantially all of MRCC's assets to Monroe Capital Income Plus Corporation at fair value for cash. HRZN shareholders voted overwhelmingly in favor of the HRZN Share Issuance Proposal, with more than 83% of voting shareholders supporting the proposal. MRCC shareholders similarly voted overwhelmingly in favor of the proposed transactions, with more than 88% of voting shareholders supporting the Merger and the Asset Sale. As previously announced, prior to the effectiveness of the Merger, MCIP will purchase for cash substantially all of the assets of MRCC at their fair value, as determined shortly before closing. Following the closing of the Asset Sale to MCIP, MRCC will merge with and into HRZN, with HRZN as the surviving public entity, which will continue to be managed by Horizon Technology Finance Management and continue to trade on the NASDAQ under the symbol "HRZN". The closing of the Asset Sale and the subsequent Merger are subject to the satisfaction of customary closing conditions. HRZN and MRCC will announce at a later date the anticipated closing date for the Merger, which they expect to be within the next 30 days.