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March 25, 2015

Horizon stock offering raises $28M

Farmington’s Horizon Technology Finance Corp. said it raised $27.9 million through a recent public stock offering.

The venture lender sold two million shares of newly issued common stock, while an existing shareholder sold an additional 380,000 shares for $5.3 million, Horizon said. The proceeds of the secondary offering are separate.

Horizon intends to use its proceeds to make investments in portfolio companies and for working capital and general corporate purposes.

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