Firsthand Technology Value Fund, Inc 8-K, filed May 6, 2020
Firsthand Technology Value Fund, Inc. (SVVC)
About this 8-K
Firsthand Technology Value Fund, Inc filed this 8-K on May 6, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or
15(d) of the Securities
Exchange Act of 1934
Date of Report: May 6, 2020
(Date of earliest event reported)
Firsthand Technology Value Fund, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 814-00830 | 27-3008946 |
| (State or other | (Commission File | (IRS Employer |
| jurisdiction of | Number) | Identification |
| incorporation) | Number) | |
| 150 Almaden Blvd., | 95113 | |
| Suite 1250 San Jose, CA | (Zip Code) | |
| (Address of principal executive | ||
| offices) |
(800) 976-8776
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, par value $0.001 per share | SVVC | The NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
[ ] Emerging growth company
[ ] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events
On May 6, 2020, Firsthand Technology Value Fund, Inc. issued a press release announcing that it has postponed its 2020 Annual Meeting of Stockholders (the “Annual Meeting”), which was scheduled to be held at 2:00 PM, Pacific Time, on Wednesday, May 13, 2020.
Santa Clara County, California, in conjunction with other local counties, recently extended its COVID-19-related shelter-in-place order, which restricts non-essential business operations, through May 31, 2020. The rescheduled Annual Meeting will be held on Thursday, July 2, at 2:00 p.m., Pacific Time, at the San Jose Marriott hotel, 301 S. Market Street, San Jose, CA 95113.
As part of the Fund’s precautions regarding COVID-19, the Fund reserves the right to convert the Annual Meeting from an in-person meeting to one that is held solely by means of remote communication. If the Fund takes this step, the Fund will announce the decision to do so in advance, and details on how to participate will be set forth in a press release issued by the Fund and available at www.firsthandtvf.com.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release dated May 6, 2020.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: May 6, 2020 | FIRSTHAND TECHNOLOGY VALUE FUND, INC. | ||
| By: | /s/ Kevin Landis | ||
| Kevin Landis | |||
| President | |||
Exhibit Index
| Exhibit No. | Description |
| 99.1 | Press release dated May 6, 2020 |
News Release
Firsthand Technology Value Fund Announces Postponement of Annual Stockholder Meeting
San Jose, CA, May 6, 2020 – Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicaly-traded venture capital fund, announced today that it has postponed its 2020 Annual Meeting of Stockholders (the “Annual Meeting”), which was scheduled to be held at 2:00 p.m., Pacific Time, on Wednesday, May 13, 2020.
Santa Clara County, California, in conjunction with other local counties, recently extended its COVID-19-related shelter-in-place order, which restricts non-essential business operations, through May 31, 2020. The rescheduled Annual Meeting will be held on Thursday, July 2, at 2:00 p.m., Pacific Time, at the San Jose Marriott hotel, 301 S. Market Street, San Jose, CA 95113.
As part of the Fund’s precautions regarding COVID-19, the Fund reserves the right to convert the Annual Meeting from an in-person meeting to one that is held solely by means of remote communication. If the Fund takes this step, the Fund will announce the decision to do so in advance, and details on how to participate will be set forth in a press release issued by the Fund and available at www.firsthandtvf.com.
About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.
# # #
The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results.
Contact:
Phil Mosakowski
Firsthand Capital Management, Inc.
(408) 624-9526
vc@firsthandtvf.com