SAN JOSE, Calif., May 21, 2021 (GLOBE NEWSWIRE) - Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the "Asset"), a traded on an open market investment reserve that puts resources into innovation and cleantech organizations, revealed today that its main five property 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 malignancy 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 around 25.3% of the Fund's assessed complete investments.*
2.Wrightspeed, Inc. is a provider of electric drivetrains for rock solid business vehicles. As of April 30, 2021, the Fund's interest in Wrightspeed comprised of 60,802,795 portions of liked and regular stock in addition to obligation protections and warrants to buy extra offers, and addressed around 23.4% of the Fund's assessed absolute investments.*
3.Pivotal Systems Corp. (ASX: PVS) gives observing 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 roughly 23.1% of the Fund's assessed absolute 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 normal stock counterparts (CDI's) and addressed roughly 12.0% of the Fund's assessed complete 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 likewise declared that as of April 30, 2021, the assessed all out investments* of the Fund were around $118 million, or $17.15 per share, including money and money reciprocals of around $0.95 per share. As of that date, the Fund's best five property comprised 87.0% of the Fund's assessed all out investments.* Complete fiscal summaries and a definite timetable of speculations as of June 30, 2021, will be accessible in the Fund's quarterly report recording on Form 10-Q in August 2021.
*Total ventures are assessed as of April 30, 2021, and address the worth of the Fund's all out ventures as of March 31, 2021, or more the assessed net change in hidden appreciation/devaluation and real acknowledged additions/misfortunes on traded on an open market and private protections since March 31, 2021. For the motivations behind ascertaining the level of assessed complete speculations addressed by every venture, the worth of each holding is controlled 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 methodology endorsed by our Board of Directors. The assessed absolute ventures figure doesn't reflect net resource esteem in light of the fact that real and assessed liabilities, (for example, assessed charge liabilities and execution expenses, gathered seller administration expenses 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.
The Fund is a non-differentiated, shut end venture organization that chosen to be treated as a business advancement 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 speculation purposes in innovation and cleantech organizations. An interest in the Fund implies generous dangers, some of which are featured underneath. Dissimilar to most business improvement organizations, the Fund is burdened as a partnership as opposed to a Regulated Investment Company under government charge laws, in light of the piece of its resources. Kindly see the Fund's public filings for more data about charges, costs and hazard. Past speculation results don't give any confirmations about future results.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This public statement contains "forward-looking proclamations" as characterized under the U.S. government protections laws. For the most part, the words "accept," "expect," "mean," "gauge," "expect," "project," "will," and comparable articulations distinguish forward-looking proclamations, which by and large are not verifiable in nature. Forward-looking articulations are dependent upon specific dangers and vulnerabilities that could make genuine outcomes really vary from the Fund's recorded insight and its current assumptions or projections showed in any forward-looking explanation. These dangers incorporate, however are not restricted to, changes in monetary and political conditions, administrative and legitimate 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 excessive 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 confirmation that the Fund's venture targets will be accomplished. We recognize that, despite the prior, the protected harbor for forward-looking proclamations under the Private Securities Litigation Reform Act of 1995 doesn't make a difference to speculation organizations, for example, us.
Firsthand Capital Management, Inc.