Horizon Technology Finance Corp (HRZN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 31.44% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
47M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

HRZN currently has 47.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 31.44% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 47.3M shares outstanding

47M 0
Oct 28, 2025

10-Q filing | 43.1M shares outstanding

43M 0
Aug 14, 2025

8-K filing: On August 7, 2025, Horizon Technology Finance Corporation (HRZN) entered into an Agreement and Plan of Merger with Monroe Capital Corporation (MRCC) where MRCC will merge into HRZN, subject to stockholder approvals and other customary closing conditions; the transaction involves HRZN issuing approximately 24.6 million shares of its common stock.

41M 0
Aug 07, 2025

10-Q filing | 41.2M shares outstanding

41M 0
Apr 29, 2025

10-Q filing | 40.2M shares outstanding

40M 0
Mar 04, 2025

10-K filing | 36.1M shares outstanding

36M 0
Oct 29, 2024

10-Q filing | 36.6M shares outstanding

37M 0
Jul 30, 2024

10-Q filing | 35.4M shares outstanding

35M 0
Apr 30, 2024

10-Q filing | 33.6M shares outstanding

34M 0
Feb 27, 2024

10-K filing | 31.0M shares outstanding

31M 0
Oct 31, 2023

10-Q filing | 32.5M shares outstanding

32M 0
Aug 01, 2023

10-Q filing | 29.7M shares outstanding

30M 0
Jun 05, 2023

8-K filing: Horizon Technology Finance Corporation completed a public offering of 3,250,000 shares of its common stock, with an option for underwriters to purchase an additional 487,500 shares, which closed on June 2, 2023.

28M 0
May 02, 2023

10-Q filing | 28.2M shares outstanding

28M 0
Feb 28, 2023

10-K filing | 27.8M shares outstanding

28M 0
Nov 01, 2022

10-Q filing | 25.7M shares outstanding

26M 0
Aug 02, 2022

10-Q filing | 25.4M shares outstanding

25M 0
Mar 14, 2022

8-K filing: Horizon Technology Finance Corporation completed a public offering of 2,500,000 shares of its common stock on March 14, 2022, with an option for the underwriters to purchase up to an additional 375,000 shares.

N/A 0
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