August 26 2022 - 09:15AM
GlobeNewswire Inc.
Alert
Share On Facebook
Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that Hera Systems, a holding since 2015, has been selected to provide spacecraft and related capabilities to the Tetra-5 program for the U.S. Space Force.
The Tetra-5 program will develop and deploy a constellation of up to three prototype spacecraft to demonstrate key inspection and docking capabilities for on-orbit refueling and the use of next-generation autonomous collaboration techniques. The U.S. Space Force has awarded the contract to lead the Tetra-5 program to Orion Space Solutions with support from Hera Systems. The contract award, if all options are exercised, is valued at up to $44.5 million.
Under its agreement with Orion Space Solutions, Hera Systems will provide the advanced spacecraft, mission unique software, and associated digital twin support for the Tetra-5 constellation, which will operate in Geostationary Earth Orbit (GEO). For more information, please visit Hera Systems’ website at https://www.herasys.com.
About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.
The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. Announced acquisition transactions about the Fund’s holdings, such as provided above, do not provide any indication about whether any other Fund holding will be acquired for a profit or otherwise will become a profitable investment.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.
Contact:
Phil Mosakowski
Firsthand Capital Management, Inc.
(408) 624-9526
vc@firsthandtvf.com
Primary Logo
Firsthand Technology Value (NASDAQ:SVVC)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Firsthand Technology Value Charts. Firsthand Technology Value (NASDAQ:SVVC)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Firsthand Technology Value Charts.
Recent SVVC News
- Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $0.02 Per Share • GlobeNewswire Inc. • 05/14/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:06:25 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 04/12/2024 07:02:04 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 04/08/2024 09:31:06 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 04/05/2024 09:29:44 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 04/03/2024 09:15:40 PM
- Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $0.18 Per Share • GlobeNewswire Inc. • 03/28/2024 09:35:08 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/23/2024 10:53:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 09:41:39 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/20/2023 09:49:16 PM
- Firsthand Technology Value Fund Board Engages Ladenburg Thalmann & Co. Inc. to Explore Strategic Options to Increase Stockholder Value • Business Wire • 11/27/2023 02:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 06:08:38 PM
- Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $0.10 Per Share • Business Wire • 11/14/2023 09:15:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/02/2023 09:20:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 08:20:11 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/20/2023 08:45:52 PM
- Form 25 - Notification of the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 10/17/2023 08:16:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/13/2023 09:23:17 PM
- Firsthand Technology Value Fund Announces Plan to Seek Stockholder Approval to Withdraw BDC Election and Pursue Liquidation • Business Wire • 10/13/2023 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 08:26:47 PM
- Firsthand Technology Value Fund Announces Voluntary Delisting from Nasdaq Global Market • Business Wire • 10/06/2023 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/25/2023 08:14:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/01/2023 07:11:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/18/2023 01:04:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2023 09:30:48 PM
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
Branded Legacy Inc. Invites Shareholders to Celebrate Milestones at Open House: Announces Share Buyback and Commitment to Authorized Share Count • BLEG • May 15, 2024 8:30 AM
Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • ACGX • May 15, 2024 8:30 AM
Category V Biotech, Inc. Announces Letter of Intent to Acquire Genetic Networks, Expanding into Biotechnology Sector • CATV • May 15, 2024 8:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • ELEM • May 14, 2024 7:00 AM