Horizon Technology Finance Corporation announced that on February 23, 2023, the Board of Directors, upon the recommendation of the Board's Nominating and Corporate Governance Committee, appointed Kimberley Ann O'Connor as a Class I director. The Board, upon the recommendation of the Committee, also nominated Ms. O'Connor to stand for election as a Class I director of the Company at the Company's next annual meeting and appointed Ms. O'Connor to serve on the Company's Audit Committee effective February 23, 2023. Ms. O'Connor brings to the Board over thirty-five years of experience in public accounting, tax and financial matters, including SEC reporting, risk management, internal controls and the valuation of investments through her former position as an SEC audit partner of Grant Thornton LLP.

At Grant Thornton, she worked primarily with public and private companies in the life sciences, technology, and consumer industrial products industries. She has an extensive understanding of the various reporting requirements and corporate governance compliance matters affecting the Company and has had significant interaction with audit committees and boards over the course of her career. She served as the Managing Partner of one of Grant Thornton's offices from 2018 to 2022 and has her Board certification from the National Association of Corporate Directors. Ms. O'Connor's extensive experience enhances the Board's ability to manage and direct the Company's affairs. As an independent director, Ms. O'Connor will receive the same compensation as the Company's other independent directors, as described in the Company's other filings with the U.S. Securities and Exchange Commission. There are no arrangements or understandings between Ms. O'Connor and any other persons pursuant to which she was selected as a director of the Company.

There are also no family relationships between Ms. O'Connor and any director or executive officer of the Company. Ms. O'Connor does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. On February 23, 2023, the Company appointed Lynn Dombrowski as Chief Accounting Officer. Ms. Dombrowski will serve in such position until her successor is duly chosen and qualified or until her earlier resignation or removal.  Set forth below is a description of the prior business experience of Ms. Dombrowski: Prior to being appointed as Chief Accounting Officer, Ms. Dombrowski served as Controller of the Company from March 2017 to February 2023.

She has also held the same positions with Horizon Technology Finance Management LLC, the Company's investment advisor, and also served as Financial Reporting Manager of HTFM from October 2014 to March 2017. Ms. Dombrowski is responsible for financial reporting and accounting matters for the Company and HTFM. Formerly, she was a Senior Analyst from 2013 to 2014 in the financial reporting and consolidations group of the Building and Industrial Systems division of United Technologies Corporation and a Supervisor in the assurance practice of RSM US LLP (formerly known as McGladrey LLP), a public accounting firm, from 2007 to 2013.

Ms. Dombrowski earned a Bachelor of Science degree in Business Administration and a Master of Science degree in Accounting from the University of Connecticut. She is a Certified Public Accountant, chartered in the State of Connecticut.