Star Equity Fund Amends 13D on Firsthand Tech Value Fund

TL;DR

**Star Equity Fund just updated its stake in Firsthand Technology Value Fund, watch for potential shifts!**

AI Summary

Star Equity Fund, LP filed an Amendment No. 11 to its Schedule 13D on February 23, 2024, regarding its ownership in Firsthand Technology Value Fund, Inc. The filing indicates a change in beneficial ownership, with the date of event being February 21, 2024. Star Equity Fund, LP, located at 53 Forest Avenue, Suite 101, Old Greenwich, Connecticut, is the filer, and Firsthand Technology Value Fund, Inc. is the subject company.

Why It Matters

This amendment signals a change in a significant shareholder's position, potentially impacting the governance or strategic direction of Firsthand Technology Value Fund, Inc.

Risk Assessment

Risk Level: medium — Changes in significant shareholder positions can lead to volatility or strategic shifts, but the specific nature of the change is not detailed in the provided text.

Key Players & Entities

• Star Equity Fund, LP (company) — Filing entity
• Firsthand Technology Value Fund, Inc. (company) — Subject company
• February 23, 2024 (date) — Filing date
• February 21, 2024 (date) — Date of event
• 0001495584 (other) — Firsthand Technology Value Fund, Inc. CIK

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
• $1,064,760 — ed by Star Equity Fund is approximately $1,064,760, excluding brokerage commissions. Ite

Filing Documents

• svvc13d02232024.htm (SC 13D/A) — 187KB
• svvc-amendedandrestatedjoi.htm (EX-99.7) — 17KB
• 0001915673-24-000002.txt ( ) — 205KB

Identity and Background

Item 2. Identity and Background.

is hereby amended to add the following

Item 2 is hereby amended to add the following In connection with the conclusion of the Issuer's 2023 annual meeting of stockholders (the "Annual Meeting"), Hannah M. Bible and Robert G. Pearse are no longer members of the Section 13(d) group and shall cease to be Reporting Persons immediately upon the filing of this Amendment No. 11 to the Schedule 13D, at which time the Joint Filing and Solicitation Agreement, described in Item 6, is also terminated. The remaining Reporting Persons will continue filing statements on Schedule 13D with respect to their beneficial ownership of securities of the Issuer to the extent required by applicable law. Each of the remaining Reporting Persons is party to the AR Joint Filing Agreement, as further described in Item 6 below.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended and restated as follows

Item 3 is hereby amended and restated as follows The Shares purchased by Star Equity Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein. The aggregate purchase price of the 1,985,724 Shares beneficially owned by Star Equity Fund is approximately $1,064,760, excluding brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a)-(c) is hereby amended and restated as follows

Item 5 (a)-(c) is hereby amended and restated as follows The aggregate percentage of the Shares reported owned by each person named herein is based upon 6,893,056 Shares outstanding as of September 30, 2023, which is the total number of Shares reported outstanding in the Issuer's most recent Quarterly Report on Form 10Q, filed with the Securities and Exchange Commission on November 14, 2023. A. Star Equity Holdings (a) Star Equity Holdings, as the parent of Star Value, sole member of Star Management, and limited partner of Star Equity Fund may be deemed the beneficial owner of the 1,985,724 Shares beneficially owned by Star Equity Fund. Percentage Approximately 28.81% (b) 1. Sole power to vote or direct vote 1,985,724 2. Shared power to vote or direct vote 0 3. Sole power to dispose or direct the disposition 1,985,724 4. Shared power to dispose or direct the disposition 0 10 CUSIP No. 817732100 (c) Star Equity Holdings has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of Star Equity Fund during the past 60 days are set forth in Schedule A and are incorporated herein by reference. B. Star Equity Fund (a) As of the close of business on February 23, 2024, Star Equity Fund beneficially owned 1,985,724 Shares. Percentage Approximately 28.81% (b) 1. Sole power to vote or direct vote 1,985,724 2. Shared power to vote or direct vote 0 3. Sole power to dispose or direct the disposition 1,985,724 4. Shared power to dispose or direct the disposition 0 (c) The transactions in the Shares by Star Equity Fund during the past 60 days are set forth in Schedule A and are incorporated herein by reference. C. Star Equity GP (a) Star Equity GP, as the general partner of Star Equity Fund, may be deemed the beneficial owner of the 1,985,724 Shares owned by Star Equity Fund. Percentage Approximately 28.81% (b) 1. Sole power to vote or direct vote 1,985,724 2. Shared power to vote or direct vote 0 3. S

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

is hereby amended to add the following

Item 6 is hereby amended to add the following On February 23, 2024, the Reporting Persons entered into an Amended and Restated Joint Filing and Solicitation Agreement (the "AR Joint Filing Agreement") in which the Reporting Persons who will remain Reporting Persons subsequent to this Amendment No. 11 agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The AR Joint Filing Agreement replaces the original Joint Filing and Solicitation Agreement entered into on December 5, 2022, which was filed with Amendment No. 1 to the Schedule 13D. The AR Joint Filing Agreement is attached hereto as Exhibit 99.7 and is incorporated herein by reference.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits.

is hereby amended to add the following

Item 7 is hereby amended to add the following The following items are filed as exhibits 99.7 Amended and Restated Joint Filing and Solicitation Agreement, dated February 23, 2024. 13 CUSIP No. 817732100

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated February 23, 2024 Star Equity Fund, LP By Star Equity Fund GP, LLC General Partner By s Jeffrey E. Eberwein Name Jeffrey E. Eberwein Title Manager Star Equity Holdings, Inc. By s Richard K Coleman Jr. Name Richard K. Coleman, Jr. Title Chief Executive Officer Star Equity Fund GP, LLC By s Jeffrey E. Eberwein Name Jeffrey E. Eberwein Title Manager Star Investment Management, LLC By s Jeffrey E. Eberwein Name Jeffrey E. Eberwein Title Manager Star Value, LLC By Star Equity Holdings, Inc. By s Richard K. Coleman, Jr. Name Richard K. Coleman, Jr. Title Chief Executive Officer s Jeffrey E. Eberwein Jeffrey E. Eberwein 14 CUSIP No. 817732100 Individually and as attorney-in-fact for Robert G. Pearse s Hannah Bible Hannah Bible 15 CUSIP No. 817732100 SCHEDULE A Transactions in the Securities of the Issuer Since the Filing of Amendment No. 10 to the Schedule 13D Shares of Common Stock Purchased(Sold) Price Per Share ($) 1 Date of Purchase Sale STAR EQUITY FUND, LP 11,000 $ 0.30 12212023 3,193 $ 0.31 12222023 1,000 $ 0.30 12262023 10,500 $ 0.34 12272023 10,000 $ 0.30 12282023 22,735 $ 0.30 (1) 12292023 150,000 $ 0.28 2212024 15,952 $ 0.29 (1) 2232024 1 The prices reported in this column are weighted average prices. Star Equity Fund, LP undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased (or sold) at each separate price such shares were purchased. 16

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