Pomerantz Law Firm Investigates Claims Against Horizon Technology Finance Corporation
New York, NY – In a recent press release, Pomerantz LLP, a leading securities law firm, announced that it is investigating potential claims on behalf of investors of Horizon Technology Finance Corporation (“Horizon” or the “Company”) (NASDAQ: HRZN). The investigation concerns possible violations of federal securities laws.
Background on Horizon Technology Finance Corporation
Horizon Technology Finance Corporation is a business development company (“BDC”) that provides debt and equity financing to technology, life sciences, healthcare, and cleantech companies. The Company’s investment objective is to maximize total return to its stockholders in the form of current income and capital appreciation.
The Investigation
The Pomerantz Firm’s investigation concerns certain allegations regarding Horizon’s business practices and financial reporting. Specifically, the press release mentions that the investigation focuses on the Company’s financial statements and disclosures for the periods ending December 31, 2022, and June 30, 2023. The investigation may also examine the Company’s internal controls and disclosure controls and procedures.
Impact on Investors
Investors who purchased or otherwise acquired Horizon’s securities between [Date 1] and [Date 2] may be eligible to recover their loss through a class action lawsuit. If you are a shareholder who suffered a loss, you can move the Court no later than [Deadline] to request appointment as lead plaintiff. Even if you are not the lead plaintiff in the action, you may still be able to recover as a class member.
Potential Impact on the Market and the World
The investigation and potential lawsuit against Horizon Technology Finance Corporation may have several implications for the market and the world. First, it could lead to increased scrutiny of other business development companies in the technology, life sciences, healthcare, and cleantech sectors. This could result in increased regulatory oversight or changes to industry practices.
Second, the investigation could negatively impact Horizon’s stock price, potentially causing losses for current shareholders. It could also create uncertainty in the market, making it more difficult for Horizon and other companies in the sector to raise capital.
Conclusion
The investigation by Pomerantz LLP into Horizon Technology Finance Corporation is a significant development for the Company and its investors. The potential allegations of financial misstatements and disclosure issues could have far-reaching implications for the market and the world. If you are an investor in Horizon, it is essential to stay informed about the situation and consider seeking legal advice if you believe you may be affected.
- Pomerantz LLP is investigating potential claims against Horizon Technology Finance Corporation.
- The investigation concerns possible violations of federal securities laws.
- The investigation focuses on Horizon’s financial statements and disclosures for certain periods.
- Investors who purchased Horizon’s securities between [Date 1] and [Date 2] may be eligible to recover their losses.
- The investigation could lead to increased scrutiny of other business development companies.
- The investigation could negatively impact Horizon’s stock price and create market uncertainty.
