Firsthand Technology Value Fund Moves to Delist from OTCQB and Liquidate
SVVC is trading near its 52-week low of $0.008 (0.0% above the low).
Summary
Firsthand Technology Value Fund will delist from OTCQB and pursue liquidation, with all independent directors and two officers resigning. The company expects to file Form N-54C before August 31, 2026.
Key Events · Legal and Risk Events · SVVC
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Delisting from OTCQB
The company will file to delist its common stock from OTCQB, causing shares to cease trading.
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Liquidation and Dissolution Plan
The company expects to file Form N-54C before August 31, 2026 to withdraw its BDC election and pursue liquidation and dissolution.
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Director and Officer Resignations
Independent directors Greg Burglin and Kimun Lee resigned effective August 17, 2026. CCO Nichole Mileski and Secretary Kelvin Leung also resigned. Kevin Landis remains as sole director and CEO/CFO/Secretary.
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Financial Distress Context
Follows 10-Q filed August 14, 2026 reporting negative net assets of $447,081 and no cash, with a going concern warning.
Analysis · SVVC · Unknown
The company announced it will delist its common stock from OTCQB, causing shares to cease trading, and plans to withdraw its business development company election and pursue liquidation and dissolution. All independent directors and two officers resigned, leaving Kevin Landis as sole director and CEO/CFO/Secretary. This follows a 10-Q filed four days ago reporting negative net assets of $447,081 and no cash, with a going concern warning. The delisting and liquidation plan confirm the company's financial distress and effectively end shareholder liquidity.
At the time of this filing, SVVC was trading at $0.01 on OTC in the Unknown sector, with a market capitalization of approximately $57.2K. The 52-week trading range was $0.01 to $0.08. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.