Welcome to our dedicated page for Firsthand Technology Value Fund SEC filings (Ticker: SVVC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Firsthand Technology Value Fund's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Firsthand Technology Value Fund's regulatory disclosures and financial reporting.
Firsthand Technology Value Fund, Inc. (SVVC) reports that, effective at the close of business on August 17, 2026, its two independent directors, Greg Burglin and Kimun Lee, resigned from the board. After these resignations, Kevin Landis remains as the sole director of the company.
On the same date, two officers resigned: Nichole Mileski as Chief Compliance Officer and Assistant Secretary, and Kelvin Leung as Secretary. Kevin Landis continues as President, Chief Executive Officer, and Chief Financial Officer and now also serves as Secretary. The company states that it does not plan to replace the resigning directors because it expects to file to withdraw its status as a business development company under the Investment Company Act of 1940 before August 31, 2026, and to pursue liquidation and dissolution.
Firsthand Technology Value Fund, Inc. reports that as of June 30, 2026, total assets of $148,694 are far below total liabilities of $595,775, resulting in negative net assets of $(447,081) and a net asset value per share of $0.00. The fair value of the investment portfolio is only about $148,635 versus a federal income tax cost of $89.9 million, reflecting very large cumulative unrealized depreciation.
The portfolio is highly illiquid and concentrated in Level 3 positions, mainly UCT Coatings common stock ($141,197) and IntraOp Medical convertible and term notes ($3,535). For the six months ended June 30, 2026, the fund recorded a net investment loss of $197,524 and a total decrease in net assets from operations of $211,953. Management discloses that liabilities exceeding assets, continuing losses, and lack of operating cash flows raise substantial doubt about the fund’s ability to continue as a going concern, and outlines potential plans such as asset sales, liquidation, capital infusions and cost reductions.
Firsthand Technology Value Fund (SVVC) filed its Q3 2025 report, showing a sharp decline in assets. Net assets were $296,547 and net asset value (NAV) per share was $0.04 as of September 30, 2025, with 6,893,056 shares outstanding. Based on NAV, total return for the period was (73.33)%.
Operations were pressured by expenses far exceeding income. For the nine months, investment income was $179,140 while total net expenses were $786,161, leading to a net investment loss of $607,021 and a net decrease in net assets from operations of $764,132. The portfolio’s market value was $256,934, with Level 3 and restricted securities comprising 66.7% of net assets.
Holdings were highly concentrated: UCT Coatings common stock was valued at $171,528 (57.8% of net assets) and EQX Capital Series A preferred at $23,173 (7.8%). The Fidelity Treasury money market position was $59,009 (19.9%). Many legacy investments, including certain equity and preferred positions, were marked near or at zero.
Amendment No. 13 to a Schedule 13D reports that Star Equity Fund, LP and affiliated reporting persons own 2,029,829 shares of Firsthand Technology Value Fund, Inc. (SVVC), representing approximately 29.4% of the 6,893,056 shares outstanding as of June 30, 2025. The filing lists the reporting group: Star Equity Fund, Star Equity Fund GP, Star Investment Management, Star Operating Companies, Star Value, Hudson Global, and Jeffrey E. Eberwein, and confirms each has sole voting and dispositive power over the 2,029,829 shares. No transactions in the past 60 days are reported. The reporting persons executed a Joint Filing Agreement on August 22, 2025 and attached it as Exhibit 99.9.