Firsthand Tech Value Fund NAV plunges to $0.10 from $1.61; major losses from two holdings

Firsthand Technology Value Fund, Inc.

Net assets fell to $0.7M ($0.10/share) at Sep 30, 2023, vs $11.1M ($1.61/share) at Jun 30, 2023.
Material setbacks in IntraOp Medical Corp. and Wrightspeed, Inc. reduced total assets dramatically.
Net realized and unrealized losses on investments totaled $12.3M for the quarter.
Adviser waives $2.5M in accrued fees and waives base management fee through Dec 2024.
Total investment loss was $0.2M; net investment income after fee waiver was $1.9M.

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