Firsthand Technology Value Fund, Inc. (SVVC): Nasdaq/NYSE listing notice — Firsthand Technology Value Fund receives Nasdaq deficiency notice; 180-day grace period to regain compliance

Firsthand Technology Value Fund, Inc.

On July 28, 2023, Nasdaq notified Firsthand that its market value of publicly held shares fell below $5,000,000.
The Fund has 180 calendar days (until January 24, 2024) to regain compliance by closing at least $5M for 10 consecutive days.
Failure to regain compliance within the grace period is expected to result in Nasdaq delisting notice.
The deficiency is under Nasdaq Listing Rule 5450(b)(1)(C) for continued listing on the Nasdaq Global Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Firsthand Technology Value Fund, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(1)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(C)

Exact text from the filing

July 28, 2023, Firsthand Technology Value Fund, Inc. (the “Fund”) received a letter (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) indicating that, based on the Fund’s market value of publicly held shares for the last 31 consecutive business days, the Fund no longer meets the requirement to maintain a minimum market value of publicly held shares of $5,000,000, as set forth in Nasdaq Listing Rule 5450(b)(1)(C). The Notice provides the Fund with a grace period of 180 calendar days, or until January 24, 2024, to regain compliance with the listing rule. If at any time during this grace per

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Firsthand Technology Value Fund, Inc. filing history →

Source: SEC EDGAR

accession 0001398344-23-013901

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