Firsthand Technology Value Fund Discloses
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San Jose, CA, May 21, 2021 - Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the 'Asset'), a traded on an open market investment store that puts resources into innovation and cleantech organizations, uncovered today that its main five possessions as of April 30, 2021, were IntraOp Medical, Wrightspeed, Pivotal Systems, Revasum, and Hera Systems.
1. IntraOp Medical Corp. is the producer of the Mobetron, a clinical gadget that is utilized to convey intra-usable radiation to malignant growth patients. As of April 30, 2021, the Fund's interest in IntraOp comprised of 26,856,187 portions of favored stock in addition to obligation protections and addressed roughly 25.3% of the Fund's assessed all out investments.* 2. Wrightspeed, Inc. is a provider of electric drivetrains for hard core business vehicles. As of April 30, 2021, the Fund's interest in Wrightspeed comprised of 60,802,795 portions of liked and basic stock in addition to obligation protections and warrants to buy extra offers, and addressed around 23.4% of the Fund's assessed all out investments.* 3. Crucial Systems Corp. (ASX: PVS) gives checking and measure control advancements for the semiconductor producing industry. As of April 30, 2021, the Fund's interest in Pivotal comprised of 23,089,506 portions of normal stock counterparts (CDI's) and addressed around 23.1% of the Fund's assessed all out investments.* 4. Revasum, Inc. (ASX: RVS) is a supplier of substance mechanical planarization (CMP) and granulating devices to the semiconductor business. As of April 30, 2021, the Fund's interest in Revasum comprised of 46,834,340 portions of regular stock reciprocals (CDI's) and addressed roughly 12.0% of the Fund's assessed all out investments.*
5. Hera Systems, Inc. is creating miniature satellites with imaging and correspondence abilities for dispatch into low Earth circle. As of April 30, 2021, the Fund's interest in Hera comprised of 13,331,527 portions of favored stock in addition to obligation protections and warrants to buy extra offers and addressed roughly 3.3% of the Fund's assessed complete investments.*
The Fund additionally reported that as of April 30, 2021, the assessed absolute investments* of the Fund were around $118 million, or $17.15 per share, including money and money reciprocals of roughly $0.95 per share. As of that date, the Fund's best five property comprised 87.0% of the Fund's assessed absolute investments.* Complete fiscal summaries and a point by point timetable of ventures as of June 30, 2021, will be accessible in the Fund's quarterly report recording on Form 10-Q in August 2021.
* Total speculations are assessed as of April 30, 2021, and address the worth of the Fund's all out speculations as of March 31, 2021, or more the assessed net change in undiscovered appreciation/deterioration and genuine acknowledged additions/misfortunes on traded on an open market and private protections since March 31, 2021. For the reasons for figuring the level of assessed complete ventures addressed by every speculation, the worth of each holding is dictated by either: (1) the price tag, (2) the market an incentive for public protections, less any limits taken because of limitations on the stock, or (3) the March 31, 2021, reasonable worth of every security, as decided under strategies endorsed by our Board of Directors. The assessed absolute ventures figure doesn't reflect net resource esteem in light of the fact that genuine and assessed liabilities, (for example, assessed charge liabilities and execution expenses, accumulated seller administration charges and different liabilities) are not deducted.
About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a traded on an open market funding store that puts resources into innovation and cleantech organizations. More data about the Fund and its property can be found online at www.firsthandtvf.com.
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The Fund is a non-expanded, shut end speculation organization that chosen to be treated as a business improvement organization under the Investment Company Act of 1940. The Fund's venture objective is to look for long haul development of capital. Under typical conditions, the Fund will contribute at any rate 80% of its all out resources for venture purposes in innovation and cleantech organizations. An interest in the Fund implies significant dangers, some of which are featured underneath. Dissimilar to most business improvement organizations, the Fund is burdened as an enterprise instead of a Regulated Investment Company under government charge laws, in light of the sythesis of its resources. Kindly see the Fund's public filings for more data about charges, costs and hazard. Past venture results don't give any confirmations about future results.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This public statement contains 'forward-looking explanations' as characterized under the U.S. government protections laws. For the most part, the words 'accept,' 'expect,' 'plan,' 'gauge,' 'expect,' 'project,' 'will,' and comparative articulations distinguish forward-looking explanations, which by and large are not authentic in nature. Forward-looking explanations are dependent upon specific dangers and vulnerabilities that could make real outcomes tangibly contrast from the Fund's verifiable experience and its current assumptions or projections demonstrated in any forward-looking proclamation. These dangers incorporate, however are not restricted to, changes in financial and political conditions, administrative and lawful changes, innovation and cleantech industry hazard, valuation hazard, non-enhancement hazard, loan fee hazard, charge hazard, and different dangers talked about in the Fund's filings with the SEC. You ought not place unnecessary dependence on forward-looking articulations, which talk just as of the date they are made. The Fund embraces no commitment to openly refresh or reexamine any forward-looking assertions made thus. There is no affirmation that the Fund's speculation destinations will be achieved. We recognize that, despite the previous, the protected harbor for forward-looking articulations under the Private Securities Litigation Reform Act of 1995 doesn't matter to speculation organizations, for example, us.
Firsthand Capital Management, Inc.
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Firsthand Technology Value Fund Inc. distributed this substance on 21 May 2021 and is exclusively answerable for the data contained in that. Disseminated by Public, unedited and unaltered, on 21 May 2021 20:40:04 UTC.