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Direct Technology Value Fund Disclosures Preliminary NAV

San Jose, CA, July 28, 2022 (GLOBE NEWSWIRE)-Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (“Fund”), a listed venture capital fund investing in technology and clean tech companies, reveals today The provisional NAV as of June 30, 2022 was $ 7.22. The fund also announced that the top five stocks as of June 30, 2022 are IntraOp Medical, Wrightspeed, Revasum, Hera Systems, and Pivotal Systems.

1.1. IntraOp Medical Corp. Is the manufacturer of Mobetron, a medical device used to irradiate cancer patients with electronically based radiation. As of June 30, 2022, the fund’s investment in IntraOp consists of 26,856,187 preferred stock and debt securities, accounting for approximately 32.8% of the fund’s provisional net assets.
2.2. Wrightspeed, Inc. Is an electric drivetrain supplier for heavy trucks. As of June 30, 2022, the Fund’s investment in Lightspeed consisted of 60,802,795 preferred and common stock, as well as debt securities and warrants to purchase additional stock, of the Fund’s provisional net assets. It accounted for about 30.7%.
3.3. Revasum, Inc. (ASX: RVS) Provides the semiconductor industry with chemical mechanical flattening (CMP) and grinding tools. As of June 30, 2022, the Fund’s investment in Revasum consisted of 39,744,889 shares of common stock equivalent (CDI), accounting for approximately 14.3% of the Fund’s provisional net assets.
4.4. Spatula Systems Co., Ltd. Is developing microsatellite with imaging and communication capabilities for low earth orbit launch. As of June 30, 2022, the Fund’s investment in Hera consisted of 13,331,527 preferred stock and purchase warrants for debt securities and additional shares, accounting for approximately 11.1% of the Fund’s provisional net assets.
5.5. Pivotal Systems Corp. (ASX: PVS) We provide monitoring and process control technology to the semiconductor manufacturing industry. As of June 30, 2022, the Fund’s investment in Pivotal consisted of 13,738,824 shares of common stock equivalent (CDI), accounting for approximately 3.5% of the Fund’s provisional net assets.

As of June 30, 2022, the Fund’s interim net assets include cash and cash equivalents of approximately $ 0.06 per share. As of June 30, 2022, the provisional total investment was $ 49.3 million, or approximately $ 7.16 per share. As of June 30, 2022, the top five funds in the fund accounted for 92.4% of the fund’s provisional net assets and 93.3% of the total provisional investment. The fund’s NAV on June 30, 2022, as well as the full financial statements and detailed investment schedule, will be available in the fund’s quarterly report filed on Form 10-Q in August 2022.

About Direct Technology Value Fund
Firsthand Technology Value Fund, Inc. is a listed venture capital fund that invests in technology and clean tech companies. More information about the fund and its holdings can be found online. www.firsthandtvf.com..

The fund is a non-diversified closed-end investment company that has chosen to be treated as a business development company under the Investment Company Act of 1940. The investment purpose of the fund is to pursue long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its total assets to invest in technology and clean tech companies. Investing in a fund involves considerable risk, some of which are listed below. For more information on fees, costs and risks, please see the fund’s public documents. Past investment results do not provide a guarantee of future results.

Forward-Looking Statements Note: This press release contains “forward-looking statements” as defined by US Federal Securities Law. In general, expressions such as “believe,” “expect,” “intend,” “estimate,” “expect,” “plan,” and “plan” are generally non-historical future prospects. Here is the description about. Forward-looking statements are subject to certain risks and uncertainties in which actual results may differ materially from current expectations or expectations expressed in the fund’s past experience and forward-looking statements. increase. These risks are discussed in changing economic and political conditions, regulatory and legal changes, technology and clean tech industry risks, valuation risks, dediversification risks, interest rate risks, tax risks, and funds. Other risks include, but are not limited to. Submission to SEC. You should not place undue reliance on forward-looking statements. These statements are only given as of the date they were created. The Fund undertakes no obligation to publicly update or revise any forward-looking statements contained in this document. There is no guarantee that the investment objectives of the fund will be achieved. Notwithstanding the above, we recognize that Safe Harbor, a forward-looking statement under the Private Securities Litigation Reform Act of 1995, does not apply to investment companies like us.

contact:

Phil Mosakowski
First Hand Capital Management Co., Ltd.
(408) 624-9526
vc@firsthandtvf.com

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