secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001437749-24-016617
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Firsthand Technology Value Fund Q1 NAV drops to $0.02/share on $3M Revasum write-down
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- Net assets fell to $0.2M ($0.02/share) from $1.3M ($0.18/share) at Dec 31, 2023.
- Revasum shares suspended from ASX; fair value write-down of nearly $3M drove NAV decline.
- Adviser waived $3.0M in accrued management fees (added to prior $2.5M waiver) effective March 31.
- Net investment income of $2.8M (after fee waiver); net realized/unrealized losses of $3.9M for Q1.
- Portfolio valued at $4.7M ($0.68/share) including cash of $0.01/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000143774924016617/0001437749-24-016617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000143774924016617/sccv20240423_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016617

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