Company sells 515,552 common shares at $26.19 per share in offering
By Devika Patel
Knoxville, Tenn., Oct. 7 - Firsthand Technology Value Fund, Inc. completed a $13.5 million private placement of stock on Oct. 4, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 515,552 common shares at $26.19 per share. The price per share reflects a 6.51% premium to the Oct. 3 closing share price of $24.59.
These shares were sold in connection with the company's acquisition of the assets of IntraOp Medical Corp.
Firsthand is a venture capital fund that invests in technology and cleantech companies. It is based in San Jose, Calif.
Issuer: | Firsthand Technology Value Fund, Inc.
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Issue: | Common stock
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Amount: | $13,502,307
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Shares: | 515,552
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Price: | $26.19
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Warrants: | No
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Settlement date: | Oct. 4
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Stock symbol: | Nasdaq: SVVC
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Stock price: | $24.59 at close Oct. 3
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