Firsthand Technology Value Fund, Inc. (SVVC): Nasdaq/NYSE listing notice — Firsthand Technology Value Fund delisted from Nasdaq; begins trading on OTCQB

Firsthand Technology Value Fund, Inc.

Received Nasdaq notice July 28, 2023, for failing to maintain $5M minimum market value of publicly held shares.
Fund decided it would be futile to attempt to regain compliance with Nasdaq listing requirements.
Common stock stopped trading on Nasdaq on October 26, 2023, and began quoting on OTCQB same day.
No assurance of continued compliance with OTCQB rules or that brokers will effect trades.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.85

Firsthand Technology Value Fund, Inc. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(1)(C)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(1)(C)

Exact text from the filing

July 28, 2023, Firsthand Technology Value Fund, Inc. (the “Fund”) received a letter (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) indicating that, based on the Fund’s market value of publicly held shares for the prior 31 consecutive business days, the Fund no longer met the requirement to maintain a minimum market value of publicly held shares of $5,000,000, as set forth in Nasdaq Listing Rule 5450(b)(1)(C). After considering various alternatives, the Fund determined it would be futile to attempt to satisfy the listing requirements for Nasdaq. The Fund’s common stock stopped trading b

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Firsthand Technology Value Fund, Inc. filing history →

Source: SEC EDGAR

accession 0001398344-23-019845

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