Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $0.10 Per Share
During the quarter, the Fund suffered material setbacks in IntraOp Medical Corp. and Wrightspeed, Inc., two of its largest holdings at the start of the quarter.
- During the quarter, the Fund suffered material setbacks in IntraOp Medical Corp. and Wrightspeed, Inc., two of its largest holdings at the start of the quarter.
- Effective September 30, 2023, the Fund has entered into a fee waiver agreement with its investment adviser, Firsthand Capital Management, Inc. (“FCM”).
- For the quarter ended September 30, 2023, the Fund reported a total investment loss of approximately $0.2 million.
- The Fund reported net realized and unrealized losses on investments of approximately $12.3 million for the quarter.