Firsthand technology value fund announces plan to seek stockholder approval to withdraw bdc election and pursue liquidation

San jose, calif.--(business wire)--firsthand technology value fund, inc. (nasdaq: svvc) (the “fund” or “firsthand”), a publicly-traded venture capital fund that invests in technology and cleantech companies, today announced that its board of directors (the “board”) has approved a plan to seek stockholder approval to withdraw the fund's election to be regulated as a business development company (“bdc”) under the investment company act of 1940, as amended. the board will also be seeking stockhold.
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