secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001398344-23-019061
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Firsthand Technology Value Fund voluntarily delists from Nasdaq, citing non-compliance and costs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423019061/0001398344-23-019061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423019061/fp0085478-1_8kixbrl.htm
  HTML page:      https://secwatch.observer/filing/0001398344-23-019061

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