Welcome to our dedicated page for Firsthand Technology Value Fund news (Ticker: SVVC), a resource for investors and traders seeking the latest updates and insights on Firsthand Technology Value Fund stock.
Firsthand Technology Value Fund reports financial results as a publicly traded venture capital fund investing in technology and cleantech companies. Recurring updates center on NAV per share, net assets, portfolio values for public and private securities, cash and cash equivalents, and realized or unrealized investment results.
The fund's quarterly and annual releases also discuss private-company fair-value adjustments by its Valuation Committee under ASC 820, use of independent valuation input, portfolio-company performance, recent securities transactions, sector market multiples, and efforts to identify exit opportunities.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its 2020 Annual Meeting of Stockholders will be virtual on July 2, 2020, at 2:00 PM Pacific Time, due to COVID-19 health concerns. Stockholders as of March 13, 2020, can attend and vote online using a control number from their proxy card. Those holding shares through intermediaries must register in advance by submitting a legal proxy. The Fund focuses on long-term capital growth by investing primarily in technology and cleantech companies. For more information, visit www.firsthandtvf.com.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of May 31, 2020, comprising Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. The total estimated investments reached approximately $94 million, equating to $13.70 per share, with the top five holdings representing 88.3% of this total. Notably, Pivotal Systems accounted for about 39.1%, while IntraOp Medical and Wrightspeed made up 15.1% and 14.2%, respectively. A detailed financial report will be released in August 2020.
As of April 30, 2020, Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings, namely Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR, amounting to 88% of total investments estimated at $91 million, or $13.25 per share. The Fund's largest investment is in Pivotal Systems, representing 40.8% of total investments. The quarterly report, including detailed financial statements, will be available in August 2020. The Fund's investment strategy focuses on long-term capital growth, primarily in technology and cleantech sectors.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported financial results for Q1 2020, highlighting net assets of approximately $79.8 million ($11.58 per share), down from $127.1 million ($17.70 per share) at year-end 2019. The portfolio's value stood at about $77.9 million ($11.30 per share), with cash and equivalents of $0.32 million. The Fund recorded investment income of $772,000 but faced a net realized and unrealized loss of around $45.3 million for the quarter. The Fund aims for long-term capital growth through investments in technology and cleantech sectors.
Firsthand Technology Value Fund (NASDAQ: SVVC) has postponed its 2020 Annual Meeting of Stockholders, originally set for May 13, to July 2 due to local COVID-19 restrictions. The meeting will take place at the San Jose Marriott at 2:00 p.m. PT. The Fund may switch to a completely remote format for the meeting, depending on health guidelines, with details to be announced in advance. The Fund primarily invests in technology and cleantech companies, aiming for long-term capital growth while facing inherent investment risks.
Summary not available.