---
schema_version: "secwatch.filing_event.v1"
accession: "0001398344-23-019276"
form_type: "8-K"
ticker: "SVVC"
cik: "0001495584"
company_name: "Firsthand Technology Value Fund, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:58:50.880064+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Firsthand Technology Value Fund plans to liquidate, withdraw BDC election after write-downs on two largest holdings

## Summary
- Board approved seeking stockholder approval to withdraw BDC election and pursue liquidation of the Fund.
- Material setbacks on two largest holdings led to valuation write-downs that could reduce asset value below accrued liabilities.
- FCM (investment adviser) may waive certain accrued fees to ensure Fund maintains positive net asset value per share.

## SEC filing metadata
- accession: 0001398344-23-019276
- form_type: 8-K
- ticker: SVVC
- cik: 0001495584
- company_name: Firsthand Technology Value Fund, Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495584/000139834423019276/0001398344-23-019276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495584/000139834423019276/fp0085668-1_8kixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001398344-23-019276
- JSON: https://secwatch.observer/filing/0001398344-23-019276.json
- Plain text: https://secwatch.observer/filing/0001398344-23-019276.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.