secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001398344-23-019276
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423019276/0001398344-23-019276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423019276/fp0085668-1_8kixbrl.htm
  HTML page:      https://secwatch.observer/filing/0001398344-23-019276

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