SAN JOSE, Calf., June 17, 2021 (GLOBE NEWSWIRE) — Firsthand Know-how Worth Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded enterprise capital fund that invests in expertise and cleantech firms, disclosed right now that its prime 5 holdings as of Might 31, 2021, had been IntraOp Medical, Wrightspeed, Pivotal Programs, Revasum, and Hera Programs.
|1.||IntraOp Medical Corp. is the producer of the Mobetron, a medical system that’s used to ship intra-operative radiation to most cancers sufferers. As of Might 31, 2021, the Fund’s funding in IntraOp consisted of 26,856,187 shares of most well-liked inventory plus debt securities and represented roughly 26.7% of the Fund’s estimated whole investments.*|
|2.||Wrightspeed, Inc. is a provider of electrical drivetrains for heavy-duty industrial automobiles. As of Might 31, 2021, the Fund’s funding in Wrightspeed consisted of 60,802,795 shares of most well-liked and customary inventory plus debt securities and warrants to buy further shares, and represented roughly 25.7% of the Fund’s estimated whole investments.*|
|3.||Pivotal Programs Corp. (ASX: PVS) offers monitoring and course of management applied sciences for the semiconductor manufacturing business. As of Might 31, 2021, the Fund’s funding in Pivotal consisted of 23,089,506 shares of widespread inventory equivalents (CDI’s) and represented roughly 21.5% of the Fund’s estimated whole investments.*|
|4.||Revasum, Inc. (ASX: RVS) is a supplier of chemical-mechanical planarization (CMP) and grinding instruments to the semiconductor business. As of Might 31, 2021, the Fund’s funding in Revasum consisted of 46,834,340 shares of widespread inventory equivalents (CDI’s) and represented roughly 9.9% of the Fund’s estimated whole investments.*|
|5.||Hera Programs, Inc. is creating micro satellites with imaging and communication capabilities for launch into low Earth orbit. As of Might 31, 2021, the Fund’s funding in Hera consisted of 13,331,527 shares of most well-liked inventory plus debt securities and warrants to buy further shares and represented roughly 3.6% of the Fund’s estimated whole investments.*|
The Fund additionally introduced that as of Might 31, 2021, the estimated whole investments* of the Fund had been roughly $112 million, or $16.21 per share, together with money and money equivalents of roughly $0.77 per share. As of that date, the Fund’s prime 5 holdings constituted 87.4% of the Fund’s estimated whole investments.* Full monetary statements and an in depth schedule of investments as of June 30, 2021, shall be accessible within the Fund’s quarterly report submitting on Kind 10-Q in August 2021.
*Complete investments are estimated as of Might 31, 2021, and characterize the worth of the Fund’s whole investments as of March 31, 2021, plus the estimated internet change in unrealized appreciation/depreciation and precise realized beneficial properties/losses on publicly traded and personal securities since March 31, 2021. For the needs of calculating the share of estimated whole investments represented by every funding, the worth of every holding is decided by both: (1) the acquisition value, (2) the market worth for public securities, much less any reductions taken as a result of restrictions on the inventory, or (3) the March 31, 2021, truthful worth of every safety, as decided below procedures authorized by our Board of Administrators. The estimated whole investments determine doesn’t replicate internet asset worth as a result of precise and estimated liabilities (resembling estimated tax liabilities and efficiency charges, accrued vendor service charges and different liabilities) aren’t deducted.
About Firsthand Know-how Worth Fund
Firsthand Know-how Worth Fund, Inc. is a publicly traded enterprise capital fund that invests in expertise and cleantech firms. Extra details about the Fund and its holdings will be discovered on-line at www.firsthandtvf.com.
The Fund is a non-diversified, closed-end funding firm that elected to be handled as a enterprise growth firm below the Funding Firm Act of 1940. The Fund’s funding goal is to hunt long-term progress of capital. Underneath regular circumstances, the Fund will make investments a minimum of 80% of its whole property for funding functions in expertise and cleantech firms. An funding within the Fund entails substantial dangers, a few of that are highlighted beneath. Not like most enterprise growth firms, the Fund is taxed as an organization slightly than a Regulated Funding Firm below federal tax legal guidelines, primarily based on the composition of its property. Please see the Fund’s public filings for extra details about charges, bills and threat. Previous funding outcomes don’t present any assurances about future outcomes.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press launch incorporates “forward-looking statements” as outlined below the U.S. federal securities legal guidelines. Typically, the phrases “consider,” “anticipate,” “intend,” “estimate,” “anticipate,” “mission,” “will,” and comparable expressions establish forward-looking statements, which usually aren’t historic in nature. Ahead-looking statements are topic to sure dangers and uncertainties that might trigger precise outcomes to materially differ from the Fund’s historic expertise and its current expectations or projections indicated in any forward-looking assertion. These dangers embody, however aren’t restricted to, modifications in financial and political situations, regulatory and authorized modifications, expertise and cleantech business threat, valuation threat, non-diversification threat, rate of interest threat, tax threat, and different dangers mentioned within the Fund’s filings with the SEC. You shouldn’t place undue reliance on forward-looking statements, which converse solely as of the date they’re made. The Fund undertakes no obligation to publicly replace or revise any forward-looking statements made herein. There isn’t any assurance that the Fund’s funding goals shall be attained. We acknowledge that, however the foregoing, the secure harbor for forward-looking statements below the Non-public Securities Litigation Reform Act of 1995 doesn’t apply to funding firms resembling us.
Firsthand Capital Administration, Inc.