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Firsthand Technology Value Fund Inc - SVVC | ValueForum Member Stock Ratings

Last rating update for SVVC was made by a ValueForum member on Sep. 30 2014, 12:00 PM ET. Factoring this and past ratings, on average SVVC is rated 2.00 on a scale of Strong Buy (1.00) to Strong Sell (5.00) by 1 different member(s) of ValueForum.com. Full rating pages available to members only (click here) contain additional rating information including commentary by the 1 member(s) who entered the ratings. These ratings are posted by site users; this content is not intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by ValueForum.com

FIRSTHAND TECHNOLOGY VALUE FUND INC (NASD: SVVC)
Last Trade
3:59 p.m. - 4.90
Change
 0.23 ( 4.92%)
Shares Traded
229
Day's Volume
68,812
Book Value
NA
Price/Book
NA
Beta
0.6241
Day's Range
4.61 - 4.90
Prev Close
4.67
Open
4.61
52 Wk Range
2.72 - 6.86
EPS
-8.99
PE
NA
Monthly Div/Shr
0.00
Ex-Div
12/12/18
Yield
NA%
Shares Out.
6.89M
Market Cap.
33.78M
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in SVVC

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Related news from
Thu, 10 Dec 2020
21:15:00 +0000
Firsthand Technology Value Fund Discloses Top Portfolio Holdings
SAN JOSE, Calif., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of November 30, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. 1.Pivotal Systems Corp. (ASX: PVS) provides monitoring and process control technologies for the semiconductor manufacturing industry. As of November 30, 2020, the Fund’s investment in Pivotal consisted of 38,090,506 shares of common stock equivalents (CDI’s) and represented approximately 29.1% of the Fund’s estimated total investments.* 2.IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of November 30, 2020, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 21.7% of the Fund’s estimated total investments.* 3.Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of November 30, 2020, the Fund’s investment in Wrightspeed consisted of 60,802,795 shares of preferred and common stock plus debt securities and warrants to purchase additional shares, and represented approximately 20.3% of the Fund’s estimated total investments.* 4.Revasum, Inc. (ASX: RVS) is a provider of chemical-mechanical planarization (CMP) and grinding tools to the semiconductor industry. As of November 30, 2020, the Fund’s investment in Revasum consisted of 46,834,340 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 13.2% of the Fund’s estimated total investments.* 5.SVXR, Inc. is a manufacturer of automated X-ray inspection tools for the semiconductor and microelectronics industries. As of November 30, 2020, the Fund’s investment in SVXR consisted of 8,219,454 shares of preferred stock and represented approximately 5.3% of the Fund’s estimated total investments.* The Fund also announced that as of November 30, 2020, the estimated total investments* of the Fund were approximately $102 million, or $14.78 per share, including cash and cash equivalents of approximately $0.02 per share. As of that date, the Fund’s top five holdings constituted 89.7% of the Fund’s estimated total investments.* Complete financial statements and a detailed schedule of investments as of December 31, 2020, will be available in the Fund’s annual report filing on Form 10-K in March 2021.*Total investments are estimated as of November 30, 2020, and represent the value of the Fund’s total investments as of September 30, 2020, plus the estimated net change in unrealized appreciation/depreciation and actual realized gains/losses on publicly traded and private securities since September 30, 2020. For the purposes of calculating the percentage of estimated total investments represented by each investment, the value of each holding is determined by either: (1) the purchase price, (2) the market value for public securities, less any discounts taken due to restrictions on the stock, or (3) the September 30, 2020, fair value of each security, as determined under procedures approved by our Board of Directors. The estimated total investments figure does not reflect net asset value because actual and estimated liabilities (such as estimated tax liabilities and performance fees, accrued vendor service fees and other liabilities) are not deducted.About Firsthand Technology Value Fund Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Unlike most business development companies, the Fund is taxed as a corporation rather than a Regulated Investment Company under federal tax laws, based on the composition of its assets. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.Contact:Phil Mosakowski Firsthand Capital Management, Inc. (408) 624-9526 vc@firsthandtvf.com
Fri, 13 Nov 2020
14:15:00 +0000
Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $13.81 per share
SAN JOSE, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the third quarter ended September 30, 2020. As of September 30, 2020, the Fund’s net assets were approximately $95.2 million, or $13.81 per share, compared with net assets of approximately $101.3 million, or $14.70 per share as of June 30, 2020. As September 30, 2020, the Fund’s portfolio included public and private securities valued at approximately $93.2 million, or $13.52 per share, and approximately $0.34 per share in cash and cash equivalents.Portfolio Summary (as of 9/30/20)InvestmentFair Value1, Fair Value per Share1,2 Equity/Debt Investments$93.17 million $13.52 Cash/Cash Equivalents$2.32 million $0.34 Other Assets$4.97 million $0.72 Total Assets$100.46 million $14.57 Total Liabilities$5.25 million $0.76 Net Assets$95.21 million $13.81 1 Numbers may not sum due to rounding. 2 Total shares outstanding: 6,893,056. During the third quarter of 2020, the Valuation Committee, which was composed of four independent directors, adjusted the fair values of the private companies in our portfolio. In arriving at these determinations and consistent with the Fund’s valuation procedures, and ASC 820, the Valuation Committee took into account many factors, including the performance of the portfolio companies, recent transactions in the companies’ securities, as well as the impact of changes in market multiples within certain sectors.For the three months ended September 30, 2020, the Fund reported investment income of approximately $1.1 million. The Fund reported net investment income, net of deferred taxes, of approximately $262 thousand. The Fund reported net realized and unrealized losses on investments, net of deferred taxes, of approximately $6.4 million for the quarter.Throughout the quarter, the Fund continued its efforts to manage its portfolio prudently, including working with its portfolio companies and their management teams to seek to enhance performance and uncover potential exit opportunities.About Firsthand Technology Value Fund Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.Contact:Phil Mosakowski Firsthand Capital Management, Inc. (408) 624-9526 vc@firsthandtvf.com
Fri, 23 Oct 2020
13:20:00 +0000
Firsthand Technology Value Fund Discloses Preliminary NAV of $13.81 Per Share as of September 30, 2020
Top Holdings Include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXRSAN JOSE, Calif., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of September 30, 2020, was $13.81. The Fund further announced that its top five holdings as of September 30, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. 1.Pivotal Systems Corp. (ASX: PVS) provides monitoring and process control technologies for the semiconductor manufacturing industry. As of September 30, 2020, the Fund’s investment in Pivotal consisted of 38,090,506 shares of common stock equivalents (CDI’s) and represented approximately 30.7% of the Fund’s preliminary net assets. 2.IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of September 30, 2020, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 23.3% of the Fund’s preliminary net assets. 3.Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of September 30, 2020, the Fund’s investment in Wrightspeed consisted of 60,802,795 shares of preferred and common stock plus debt securities and warrants to purchase additional shares and represented approximately 19.8% of the Fund’s preliminary net assets. 4.Revasum, Inc. (ASX: RVS) is a provider of chemical-mechanical planarization (CMP) and grinding tools to the semiconductor industry. As of September 30, 2020, the Fund’s investment in Revasum consisted of 46,834,340 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 8.0% of the Fund’s preliminary net assets. 5.SVXR, Inc. is a manufacturer of automated X-ray inspection tools for the semiconductor and microelectronics industries. As of September 30, 2020, the Fund’s investment in SVXR consisted of 8,219,454 shares of preferred stock and represented approximately 5.6% of the Fund’s preliminary net assets. The Fund’s preliminary net assets as of September 30, 2020, include cash and cash equivalents of approximately $0.34 per share. Preliminary total investments as of September 30, 2020 were $95.5 million, or approximately $13.85 per share. As of September 30, 2020, the Fund’s top five holdings constituted 87.3% of the Fund’s preliminary net assets, and 87.1% of our preliminary total investments. The Fund’s NAV for September 30, 2020, as well as complete financial statements and a detailed schedule of investments, will be made available with the Fund’s quarterly report filing on Form 10-Q in November 2020.About Firsthand Technology Value Fund Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.Contact:Phil Mosakowski Firsthand Capital Management, Inc. (408) 624-9526 vc@firsthandtvf.com
Mon, 10 Aug 2020
20:15:00 +0000
Firsthand Technology Value Fund Announces Second Quarter Financial Results, NAV of $14.70 per share
SAN JOSE, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the second quarter ended June 30, 2020. As of June 30, 2020, the Fund’s net assets were approximately $101.3 million, or $14.70 per share, compared with net assets of approximately $79.8 million, or $11.58 per share as of March 31, 2020. As June 30, 2020, the Fund’s portfolio included public and private securities valued at approximately $101.4 million, or $14.72 per share, and approximately $0.08 per share in cash and cash equivalents.Portfolio Summary (as of 6/30/20)InvestmentFair Value1,Fair Value per Share1,2 Equity/Debt Investments$101.43 million$14.72 Cash/Cash Equivalents$0.55 million$0.08 Other Assets$4.02 million$0.58   Total Assets$106.01 million$15.38   Total Liabilities$4.69 million$0.68 Net Assets$101.32 million$14.70   1 Numbers may not sum due to rounding. 2 Total shares outstanding: 6,893,056. During the second quarter of 2020, the Valuation Committee, which was composed of four independent directors, adjusted the fair values of the private companies in our portfolio. In arriving at these determinations and consistent with the Fund’s valuation procedures, and ASC 820, the Valuation Committee took into account many factors, including the performance of the portfolio companies, recent transactions in the companies’ securities, as well as the impact of changes in market multiples within certain sectors.For the three months ended June 30, 2020, the Fund reported investment income of approximately $922 thousand. The Fund reported net investment income, net of deferred taxes, of approximately $201 thousand. The Fund reported a net realized and unrealized gain on investments, net of deferred taxes, of approximately $21.3 million for the quarter.Throughout the quarter, the Fund continued its efforts to manage its portfolio prudently, including working with its portfolio companies and their management teams to seek to enhance performance and uncover potential exit opportunities.About Firsthand Technology Value Fund Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies.  An investment in the Fund involves substantial risks, some of which are highlighted below.  Please see the Fund’s public filings for more information about fees, expenses and risk.  Past investment results do not provide any assurances about future results. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.Contact:Phil Mosakowski Firsthand Capital Management, Inc. (408) 624-9526 vc@firsthandtvf.com
Fri, 24 Jul 2020
20:15:00 +0000
Firsthand Technology Value Fund Discloses Preliminary NAV of $14.70 Per Share as of June 30, 2020
Top Holdings Include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXRSAN JOSE, Calif., July 24, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of June 30, 2020, was $14.70. The Fund further announced that its top five holdings as of June 30, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. 1.Pivotal Systems Corp. (ASX: PVS) provides monitoring and process control technologies for the semiconductor manufacturing industry. As of June 30, 2020, the Fund’s investment in Pivotal consisted of 45,090,506 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 39.6% of the Fund’s preliminary net assets.    2.IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of June 30, 2020, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 21.3% of the Fund’s preliminary net assets.    3.Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of June 30, 2020, the Fund’s investment in Wrightspeed consisted of 59,165,165 shares of preferred and common stock plus debt securities and warrants to purchase additional shares and represented approximately 13.1% of the Fund’s preliminary net assets.    4.Revasum, Inc. (ASX: RVS) is a provider of chemical-mechanical planarization (CMP) and grinding tools to the semiconductor industry. As of June 30, 2020, the Fund’s investment in Revasum consisted of 46,834,340 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 11.4% of the Fund’s preliminary net assets.    5.SVXR, Inc. is a manufacturer of automated X-ray inspection tools for the semiconductor and microelectronics industries. As of June 30, 2020, the Fund’s investment in SVXR consisted of 8,219,454 shares of preferred stock and represented approximately 5.3% of the Fund’s preliminary net assets. The Fund’s preliminary net assets as of June 30, 2020, include cash and cash equivalents of approximately $0.08 per share. Preliminary total investments as of June 30, 2020 were $102.0 million, or approximately $14.80 per share. As of June 30, 2020, the Fund’s top five holdings constituted 90.7% of the Fund’s preliminary net assets, and 90.1% of our preliminary total investments. The Fund’s NAV for June 30, 2020, as well as complete financial statements and a detailed schedule of investments, will be made available with the Fund’s quarterly report filing on Form 10-Q in August 2020.About Firsthand Technology Value Fund Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies.  An investment in the Fund involves substantial risks, some of which are highlighted below.  Please see the Fund’s public filings for more information about fees, expenses and risk.  Past investment results do not provide any assurances about future results. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.Contact:Phil Mosakowski Firsthand Capital Management, Inc. (408) 624-9526 vc@firsthandtvf.com
Tue, 23 Jun 2020
20:15:10 +0000
Firsthand Technology Value Fund to Hold Virtual-Only 2020 Annual Meeting of Stockholders
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly-traded venture capital fund, today announced that its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held in a virtual-only format due to continued public health concerns related to coronavirus / COVID-19, and to support the health and well-being of our stockholders and other meeting participants. Stockholders will not be able to attend the Annual Meeting in person. As described in the Fund’s proxy materials previously distributed for the Annual Meeting, stockholders as of the close of business on March 13, 2020 are entitled to attend and vote at the Annual Meeting.
Mon, 11 May 2020
20:15:10 +0000
Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $11.58 per share
SAN JOSE, Calif., May 11, 2020 -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and.
Wed, 06 May 2020
13:15:10 +0000
Firsthand Technology Value Fund Announces Postponement of Annual Stockholder Meeting
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly-traded venture capital fund, announced today that it has postponed its 2020 Annual Meeting of Stockholders (the “Annual Meeting”), which was scheduled to be held at 2:00 p.m., Pacific Time, on Wednesday, May 13, 2020. Santa Clara County, California, in conjunction with other local counties, recently extended its COVID-19-related shelter-in-place order, which restricts non-essential business operations, through May 31, 2020.
Tue, 28 Apr 2020
20:15:10 +0000
Firsthand Technology Value Fund Discloses Preliminary NAV of $11.58 Per Share as of March 31, 2020
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of March 31, 2020, was $11.58. The Fund further announced that its top five holdings as of March 31, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. As of March 31, 2020, the Fund’s investment in Pivotal consisted of 45,090,506 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 31.1% of the Fund’s preliminary net assets.
Mon, 16 Mar 2020
20:15:10 +0000
Firsthand Technology Value Fund Announces Fiscal Year 2019 Financial Results, NAV of $17.70 per share
SAN JOSE, Calif., March 16, 2020 -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and.
Thu, 20 Feb 2020
21:15:10 +0000
Firsthand Technology Value Fund Announces Final Results of the Modified Dutch Auction Tender Offer to Purchase up to $4 Million of its Common Stock
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly-traded venture capital fund that invests in technology and cleantech companies, announced today the final results of its “modified Dutch auction” tender offer (the “Tender Offer”). The Fund’s Tender Offer expired at 5:00 P.M., Eastern Standard Time, on February 14, 2020. The Tender Offer was made pursuant to an Offer to Purchase dated December 17, 2019 and the related Letter of Transmittal, by which up to $4 million of the Fund’s common stock would be purchased at a price per share not less than $6.00 and not greater than $8.00 per share, in $0.10 increments.
Tue, 18 Feb 2020
21:15:10 +0000
Firsthand Technology Value Fund Announces Expiration and Preliminary Results of the Modified Dutch Auction Tender Offer to Purchase up to $4 Million of its Common Stock
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly-traded venture capital fund that invests in technology and cleantech companies, announced today preliminary results from its “modified Dutch auction” tender offer (the “Tender Offer”). The Fund’s Tender Offer expired at 5:00 P.M., Eastern Standard Time, on February 14, 2020. The Tender Offer was made pursuant to an Offer to Purchase dated December 17, 2019 and the related Letter of Transmittal, by which up to $4 million of the Fund’s common stock would be purchased at a price per share not less than $6.00 and not greater than $8.00 per share, in $0.10 increments.
Thu, 06 Feb 2020
21:15:10 +0000
Firsthand Technology Value Fund Discloses Top Portfolio Holdings and Certain Company Updates
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of January 31, 2020, were Pivotal Systems, Revasum, IntraOp Medical, Wrightspeed, and Hera Systems.
Fri, 24 Jan 2020
21:20:10 +0000
Firsthand Technology Value Fund Announces Extension of Tender Offer
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly-traded venture capital fund that invests in technology and cleantech companies, announced today that it has extended the expiration date of its previously announced “modified Dutch auction” tender offer (the “Tender Offer”) to purchase up to $4 million of its common stock at a price per share not less than $6.00 and not greater than $8.00 per share, in $0.10 increments. The Tender Offer was previously scheduled to expire at 5:00 P.M. Eastern Standard Time on January 30, 2020, and will instead expire at 5:00 P.M. Eastern Standard Time on February 14, 2020, or on such later date to which the Tender Offer is further extended. The Tender Offer is being extended to provide shareholders with sufficient time to consider additional disclosures that were made by the Fund today, and those that may be made by the Fund prior to the expiration of the Tender Offer.
Fri, 24 Jan 2020
21:15:10 +0000
Firsthand Technology Value Fund Discloses Preliminary NAV of $17.70 Per Share as of December 31, 2019
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of December 31, 2019, was $17.70. The Fund further announced that its top five holdings as of December 31, 2019, were Pivotal Systems, Revasum, IntraOp Medical, Wrightspeed, and Hera Systems.

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