Horizon Technology Finance (HRZN) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Horizon Technology Finance faces a potential business risk as certain conditions for completing transactions with MRCC and MCIP may be waived without requiring further stockholder approval, provided it is legally permissible. This discretion allows the parties involved in the Merger Agreement and Asset Purchase Agreement to proceed with the transactions without additional input from stockholders, except for conditions that explicitly require stockholder approval. Such a waiver could lead to decisions that may not fully align with stockholder interests, thereby introducing an element of uncertainty and risk for the company.
Overall, Wall Street has a Hold consensus rating on HRZN stock based on 1 Buy, 1 Sell and 1 Hold.
To learn more about Horizon Technology Finance’s risk factors, click here.