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Horizon Technology to price public offering of 2 million common shares
Proceeds used for investments, working capital and corporate purposes
By Devika Patel
Knoxville, Tenn., March 18 – Horizon Technology Finance Corp. said it plans to price a public and secondary sale of stock with a 30-day greenshoe.
The company will sell 2 million common shares with another 357,000 shares allotted for the greenshoe and 380,000 shares allotted for the secondary offering.
Keefe, Bruyette & Woods, Inc. and Oppenheimer & Co. Inc. are the bookrunning managers, and Sterne, Agee & Leach, Inc. and Wunderlich Securities, Inc. are the co-lead managers.
Proceeds will be used make investments in portfolio companies and for working capital and general corporate purposes.
Horizon Technology Finance is a Farmington, Conn.-based specialty finance company that provides secured loans to venture capital and private equity-backed development-stage companies in the technology, life science, health-care information and services and clean-tech industries.
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