secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001398344-23-020751
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423020751/0001398344-23-020751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000139834423020751/fp0085993-1_8kixbrl.htm
  HTML page:      https://secwatch.observer/filing/0001398344-23-020751

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer