---
schema_version: "secwatch.filing_event.v1"
accession: "0001398344-23-020751"
form_type: "8-K"
ticker: "SVVC"
cik: "0001495584"
company_name: "Firsthand Technology Value Fund, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:17:10.776700+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001398344-23-020751
- form_type: 8-K
- ticker: SVVC
- cik: 0001495584
- company_name: Firsthand Technology Value Fund, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495584/000139834423020751/0001398344-23-020751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495584/000139834423020751/fp0085993-1_8kixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001398344-23-020751
- JSON: https://secwatch.observer/filing/0001398344-23-020751.json
- Plain text: https://secwatch.observer/filing/0001398344-23-020751.txt

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