Firsthand Technology Value Fund Q2 2022 NAV drops 43% to $7.22; net realized/unrealized losses of $33.1M

Firsthand Technology Value Fund, Inc.

Net assets fell to $49.8M ($7.22/share) from $87.4M ($12.68/share) as of March 31, 2022.
Net investment loss of $4.5M; total investment loss of $3.8M for the quarter.
Net realized and unrealized losses on investments totaled $33.1M for Q2 2022.
Portfolio fair value $49.3M ($7.16/share) including $0.06/share cash; valuation committee adjusted private company values.

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