Firsthand Technology Value Fund Discloses Preliminary NAV of $20.04 Per Share as of December 31, 2016

Firsthand Technology Value Fund, (NASDAQ:SVVC), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV* as of December 31, 2016 was $20.04 per share and its top five holdings were IntraOp Medical, Pivotal Systems, QMAT, Nutanix, and Wrightspeed.

As quoted in the press release:

1. IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of December 31, 2016, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 19.1% of the Fund’s preliminary net assets.

2. Pivotal Systems, Inc. provides monitoring and process control technologies for the semiconductor manufacturing industry. As of December 31, 2016, the Fund’s investment in Pivotal consisted of 33,508,691 shares of preferred stock plus warrants to purchase additional shares and represented approximately 16.6% of the Fund’s preliminary net assets.

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