Firsthand Technology Value Fund, Inc. (SVVC): Nasdaq/NYSE listing notice — Firsthand Technology Value Fund voluntarily delists from Nasdaq, citing non-compliance and costs

Firsthand Technology Value Fund, Inc.

SVVC notified Nasdaq on Oct 6, 2023 to voluntarily delist; Form 25 to be filed Oct 16; delisting effective ~Oct 26.
Fund had received prior Nasdaq notices for failing minimum bid price and minimum market value of publicly held shares.
Board determined likely inability to regain compliance and significant costs made delisting in best interest.
Fund expects common stock to be quoted on OTCQB or other OTC market; no guarantee trading continues.
Fund is not taking steps to deregister as a public company under the 1934 Act.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Firsthand Technology Value Fund, Inc. received a nasdaq deficiency notice notice regarding minimum bid price.

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price

Exact text from the filing

October 6, 2023, Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund” or “Firsthand”), notified the Nasdaq Stock Market LLC (“Nasdaq”) of the Fund’s decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about October 16, 2023. As a result, the Fund expects the delisting of its common stock to become effective on or about October 26, 2023. As previously noted in the Fund’s Current Report on Form 8-K filed with the SEC on May 3, 2023, and on the Fund’s Current R

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Firsthand Technology Value Fund, Inc. filing history →

Source: SEC EDGAR

accession 0001398344-23-019061

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