Business Context and Reporting Period
This Form 8-K Current Report is filed by Horizon Technology Finance Corp (HRZN) for the reporting period ending May 13, 2026. The filing addresses a material change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes Versus Prior Period
- Dismissal of Auditor: On May 13, 2026, the Board of Directors dismissed RSM US LLP, which had served as the independent registered public accounting firm since 2008.
- Audit History: RSM's audit reports for the fiscal years ended December 31, 2024, and December 31, 2025, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: The Company reported no disagreements with RSM regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the two most recent fiscal years or through the date of dismissal.
- Appointment of New Auditor: On May 13, 2026, the Board appointed Grant Thornton LLP to serve as the independent registered accounting firm for the fiscal year ending December 31, 2026.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on business performance. The primary risk disclosed relates to the transition of the audit firm. The Company confirmed that no "reportable events" occurred with the outgoing firm and that no consultations regarding accounting principles or disagreements occurred with the incoming firm prior to its appointment.
Investor Verification Checklist
- Verify the rationale for dismissing RSM US LLP after 18 years of service, despite the absence of reported disagreements.
- Review the attached letter from RSM US LLP (Exhibit 16.1) to confirm their concurrence with the Company's statements regarding the dismissal.
- Confirm the transition timeline and any potential impact on the audit of the fiscal year ending December 31, 2026.
- Monitor future filings for any restatements or qualifications related to the periods audited by the outgoing firm.