Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Files An 8-K Other Events
Item 8.01. Other Events
Inc.(NASDAQ: SVVC) (the “Fund”) issued a press release
announcing today that Turn, a holding of the Fund since 2013, has
agreed to be acquired by Amobee, a subsidiary of Singtel, one of
the largest mobile network operators in Singapore.
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(a)
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Financial statements:
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(b)
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Pro forma financial information:
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(c)
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Shell company transactions:
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(d)
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Exhibits
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99.1
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Press Release dated February 23, 2017
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About Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)
Firsthand Technology Value Fund, Inc. is an externally managed, closed-end, non-diversified management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It invests approximately 80% of its total assets for investment purposes in technology companies. It invests approximately 70% of its assets in privately held companies and public companies. It may invest approximately 30% of the portfolio in opportunistic investments. Its portfolio comprises equity and equity derivative securities of technology and cleantech companies. Its principal focus is to invest in illiquid private technology and cleantech companies and it may also invest in micro-cap publicly traded companies. It invests in industries, such as advanced materials, cloud computing, biofuels and fuel cells, among others. Firsthand Capital Management, Inc. is the Fund’s investment advisor. Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Recent Trading Information
Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) closed its last trading session up +0.12 at 8.27 with 84,575 shares trading hands.