Firsthand Technology Value Fund Board Engages Ladenburg Thalmann & Co. Inc. to Explore Strategic Options to Increase Stockholder Value
November 27 2023 - 9:15AM
Business Wire
Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the
“Fund”), a publicly-traded venture capital fund that invests in
technology and cleantech companies, today announced that its Board
of Directors (the “Board”) has engaged Ladenburg Thalmann & Co.
Inc. (“Ladenburg”) to evaluate strategic options for the Fund, with
the goal of increasing stockholder value. There can be no assurance
that this exploration of strategic alternatives will result in the
Fund entering or completing any transaction. The Fund does not
intend to make any further disclosures regarding the strategic
review process unless and until a specific course of action is
identified and approved.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the
U.S. federal securities laws. Generally, the words "believe,"
"expect," "intend," "estimate," "anticipate," "project," "will,"
and similar expressions identify forward-looking statements, which
generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to materially differ from the Fund’s historical
experience and its present expectations or projections indicated in
any forward-looking statement. These risks include, but are not
limited to, changes in economic and political conditions,
regulatory and legal changes, technology and cleantech industry
risk, valuation risk, non-diversification risk, interest rate risk,
tax risk, and other risks discussed in the Fund’s filings with the
SEC. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. The Fund
undertakes no obligation to publicly update or revise any
forward-looking statements made herein. There is no assurance that
the Fund’s investment objectives will be attained. We acknowledge
that, notwithstanding the foregoing, the safe harbor for
forward-looking statements under the Private Securities Litigation
Reform Act of 1995 does not apply to investment companies such as
us.
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version on businesswire.com: https://www.businesswire.com/news/home/20231127681607/en/
Phil Mosakowski Firsthand Capital Management, Inc. (408)
624-9526 vc@firsthandtvf.com
Firsthand Technology Value (NASDAQ:SVVC)
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