Q3 NAV drops to $5.58 from $7.22; net investment loss of $8.8M

Firsthand Technology Value Fund, Inc.

Net assets $38.4M ($5.58/share) vs $49.8M ($7.22/share) at June 30, 2022.
Total investment loss of $8.3M; net investment loss of $8.8M for Q3 2022.
Net realized and unrealized losses on investments of $2.5M for the quarter.
Portfolio fair value $46.6M ($6.76/share) including $0.17/share in cash.
Valuation committee adjusted fair values of private companies using independent valuation.

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