Firsthand Technology Value Fund Discloses Top Portfolio Holdings

SAN JOSE, Calif., May 20, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of April 30, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR.

1.	Pivotal Systems Corp. (ASX: PVS) provides monitoring and process control technologies for the semiconductor manufacturing industry. As of April 30, 2020, the Fund’s investment in Pivotal consisted of 45,090,506 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 40.8% of the Fund’s estimated total investments.*
2.	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 April 30, 2020, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 15.3% of the Fund’s estimated total investments.*
3.	Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of April 30, 2020, the Fund’s investment in Wrightspeed consisted of 57,719,173 shares of preferred and common stock plus debt securities and warrants to purchase additional shares, and represented approximately 14.7% of the Fund’s estimated total investments.*
4.	Revasum, Inc. (ASX: RVS) is a provider of chemical-mechanical planarization (CMP) and grinding tools to the semiconductor industry. As of April 30, 2020, the Fund’s investment in Revasum consisted of 46,834,340 shares of restricted and unrestricted common stock and common stock equivalents and represented approximately 11.4% of the Fund’s estimated total investments.*
5.	SVXR, Inc. is a manufacturer of automated X-ray inspection tools for the semiconductor and microelectronics industries. As of April 30, 2020, the Fund’s investment in SVXR consisted of 8,219,454 shares of preferred stock and represented approximately 5.9% of the Fund’s estimated total investments.*

The Fund also announced that as of April 30, 2020, the estimated total investments* of the Fund were approximately $91 million, or $13.25 per share, including cash and cash equivalents of approximately $0.10 per share. As of that date, the Fund’s top five holdings constituted 88.0% of the Fund’s estimated total investments*. Complete financial statements and a detailed schedule of investments as of June 30, 2020, will be available in the Fund’s quarterly report filing on Form 10-Q in August 2020.