Battery and energy storage company receives $15mn venture loan

Horizon Technology Finance Corp. (Nasdaq: HRZN), a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies, jointly provided a $15 million venture loan facility to Aquion Energy Inc. Aquion develops and manufactures the Aqueous Hybrid Ion batteries and energy storage systems.

Under the terms of the venture loan facility, Horizon provided a commitment of up to $10 million to Aquion and Silicon Valley Bank made a commitment of up to $5 million. The funds provided under the venture loan facility will be used to support Aquion's continued growth.

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