Horizon Technology Finance Closes $12.5 Million Venture Loan Facility to Avalanche Technology

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Horizon Technology Finance Closes $12.5 Million Venture Loan Facility to Avalanche Technology

HRZN

Linked by GlobeNewswire ( track newsfeed | ignore newsfeed ) - July 02, 04:38PM from (www.globenewswire.com)

FARMINGTON, Conn. and FREMONT, Calif., July 2, 2012 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $12.5 million venture loan facility with Avalanche Technology, Inc. ("Avalanche"), a developer of next-generation storage class memory products utilizing its proprietary Spin Programmable Memory (SPMEM(tm)) technology. The proceeds will support the company's continued development efforts.

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