secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001398344-23-013901
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Firsthand Technology Value Fund receives Nasdaq deficiency notice; 180-day grace period to regain compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423013901/0001398344-23-013901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423013901/fp0084675-1_8kixbrl.htm
  HTML page:      https://secwatch.observer/filing/0001398344-23-013901

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