Firsthand Technology Value Fund, Inc. Files 10-K/A Amendment

TL;DR

<b>Firsthand Technology Value Fund, Inc. has filed an amended 10-K for the fiscal year ending December 31, 2023.</b>

AI Summary

Firsthand Technology Value Fund, Inc. (SVVC) filed a Amended Annual Report (10-K/A) with the SEC on April 12, 2024. Filing is an amendment to the 10-K for the fiscal year ended December 31, 2023. The company's address is 150 Almaden Blvd., Suite 1250, San Jose, CA 95113. Business phone number is 408-886-7096. The SEC file number is 814-00830. The filing date is April 12, 2024.

Why It Matters

For investors and stakeholders tracking Firsthand Technology Value Fund, Inc., this filing contains several important signals. This amended filing provides updated information for the fiscal year 2023, which is crucial for investors to have the most current financial and operational details. As a technology-focused fund, understanding the specifics of their filings is important for assessing investment performance and strategy.

Risk Assessment

Risk Level: low — Firsthand Technology Value Fund, Inc. shows low risk based on this filing. The filing is an amendment to a previous 10-K, indicating potential corrections or additions to previously reported information, but does not inherently suggest significant new risks.

Analyst Insight

Review the specific changes made in this 10-K/A filing to understand any updated financial or operational disclosures from Firsthand Technology Value Fund, Inc.

Financial Highlights

revenue

2,629

eps

0.001

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240412 — Filing Date (Filed as of date)
• 10-K/A — Form Type (Conformed submission type)

Key Players & Entities

• Firsthand Technology Value Fund, Inc. (company) — Filer name
• 150 Almaden Blvd., Suite 1250, San Jose, CA 95113 (company) — Business and mailing address
• 408-886-7096 (company) — Business phone number
• 814-00830 (company) — SEC file number
• 273008946 (company) — IRS number

FAQ

Industry Context

Firsthand Technology Value Fund, Inc. operates as a closed-end management investment company focused on technology investments.

Regulatory Implications

The filing is a 10-K/A, an amendment to the annual report, which is a standard SEC filing for public companies to provide comprehensive financial information.

What Investors Should Do

1. Review the specific amendments made in this 10-K/A filing.
2. Verify the accuracy of financial data and disclosures for the fiscal year ended December 31, 2023.
3. Assess any potential impact of the amendments on the company's investment strategy or performance.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to the original 10-K filing for the fiscal year ended December 31, 2023.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value The NASDAQ Global Market
• $0.30 — on (computed using the closing price of $0.30 per share of Common Stock on December 3
• $250 million — s with market capitalizations less than $250 million. Our portfolio is primarily composed of
• $1 million — ese investments generally range between $1 million and $10 million each, although the inve
• $10 million — generally range between $1 million and $10 million each, although the investment size will

Filing Documents

• sccv20240410_10ka.htm (10-K/A) — 5313KB
• ex_652285.htm (EX-31.1) — 15KB
• ex_652308.htm (EX-32.1) — 4KB
• ex_652309.htm (EX-99.1) — 1464KB
• a1.jpg (GRAPHIC) — 9KB
• bdo.jpg (GRAPHIC) — 6KB
• c01.jpg (GRAPHIC) — 13KB
• c02.jpg (GRAPHIC) — 28KB
• c03.jpg (GRAPHIC) — 9KB
• fp0081632-2_100.jpg (GRAPHIC) — 9KB
• i24.jpg (GRAPHIC) — 41KB
• sig1.jpg (GRAPHIC) — 4KB
• sig2.jpg (GRAPHIC) — 4KB
• 0001437749-24-011886.txt (&nbsp;) — 24621KB
• svvc-20231231.xsd (EX-101.SCH) — 68KB
• svvc-20231231_def.xml (EX-101.DEF) — 458KB
• svvc-20231231_lab.xml (EX-101.LAB) — 354KB
• svvc-20231231_pre.xml (EX-101.PRE) — 488KB
• svvc-20231231_cal.xml (EX-101.CAL) — 38KB
• sccv20240410_10ka_htm.xml (XML) — 8181KB

Business

Item 1. Business 2

Risk Factors

Item 1A. Risk Factors 16

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 22

C ybersecurity

Item 1C. C ybersecurity 23

Properties

Item 2. Properties 24

Legal Proceedings

Item 3. Legal Proceedings 24

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 24 PART II

Market for Registrant ' s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Item 5. Market for Registrant ' s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 24

Selected Financial Data

Item 6. Selected Financial Data 25

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative And Qualitative Disclosures About Market Risk

Item 7A. Quantitative And Qualitative Disclosures About Market Risk 38

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 41

Changes In And Disagreements With Accountants On Accounting And Financial Disclosure

Item 9. Changes In And Disagreements With Accountants On Accounting And Financial Disclosure 91

Controls and Procedures

Item 9A. Controls and Procedures 91

Other Information

Item 9B. Other Information 92 Part III

Directors, Executives Officers And Corporate Governance

Item 10. Directors, Executives Officers And Corporate Governance 92

Executive Compensation

Item 11. Executive Compensation 92

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 92

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 93

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 93 Part IV

Exhibits, Financial Statements Schedules

Item 15. Exhibits, Financial Statements Schedules 93 1 Table of Contents PART I Item 1.

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This report, and other statements that we may make, may contain forward-looking statements, which relate to future events or our future performance or financial condition. We use words such as "anticipates," "believes," "expects," "plans," "will," "may," "continues," "seeks," "likely," "intends," and similar expressions to identify forward-looking statements. The forward-looking statements contained in this Annual Report on Form 10-K involve risks and uncertainties, including forward-looking statements as to: our future operating results, our business prospects and the prospects of our prospective portfolio companies, the impact of investments that we expect to make, our contractual arrangements and relationships with third parties, the dependence of our future success on the general economy and its impact on the industries in which we invest, the ability of our prospective portfolio companies to achieve their objectives, our expected financings and investments, the adequacy of our cash resources and working capital, and the timing of cash flows, if any, from the operations of our prospective portfolio companies. Our actual results could differ materially from those projected in the forward-looking statements for any reason, including the factors set forth in "Risk Factors" and elsewhere in this Annual Report on Form 10-K. In addition, several factors that could materially affect our actual results are the ability of the portfolio companies in which we invest to achieve their objectives; our ability to source favorable private investments; changes in the securities markets, especially the markets for technology companies including those that may be early stage or micro-cap companies; the dependence of our future success of the general economy and its impact on the industries in which we invest and other factors discussed in our periodic filings with the Securities and Exchange Commission (the "SEC"). Unpredictable or unknown fa

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View this 10-K/A filing on SEC EDGAR