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The filed complaint alleges that Horizon Technology Finance Corporation made materially false and/or misleading statements and/or failed to disclose that: Horizon issued a press release on March 4, 2025, announcing its financial and operating results for the fourth quarter and full year ended December 31, 2024. Among other items, Horizon reported total investment income of $23.5 million, missing the consensus estimate of $26.1 million and declining both year-over-year and from the previous quarter. Horizon also reported net asset value of $8.43 per share, compared to $9.06 per share in the previous quarter, a decline that the Company's Chief Executive Officer attributed to "stressed investments". Following this news, Horizon's stock price fell over 9% on March 5, 2025.
In order to be eligible to join the HRZN class action lawsuit, you must have incurred a loss on shares of Horizon Technology Finance Corporation purchased during the class period listed above.
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