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EX-99.1 - Firsthand Technology Value Fund, Inc.fp0017818_ex991.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report: February 1, 2016
(Date of earliest event reported)

Firsthand Technology Value Fund, Inc.
(Exact name of registrant as specified in its charter)

Maryland
(State or other jurisdiction
of incorporation)
814-00830
(Commission File Number)
27-3008946
(IRS Employer
Identification Number)
 
150 Almaden Blvd., Suite 1250
San Jose, CA
(Address of principal executive offices)
95113
(Zip Code)

(800) 976-8776
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.  Other Events

On February 1, 2016, Firsthand Technology Value Fund, Inc. issued a press release announcing that Telenor, a public company with a $24 billion market cap, announced its intention to purchase Tapad for $360 million in cash. Tapad will remain a stand-alone company and Are Traasdahl, the CEO and founder, will remain at the helm. Closing of the transaction is subject to regulatory approval and is currently expected in the first quarter of 2016.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:

            None

(b) Pro forma financial information:

            None

(c) Shell company transactions:
 
           None

(d) Exhibits
     
99.1     Press Release dated February 1, 2016.

SIGNATURE
 
      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 1, 2016
FIRSTHAND TECHNOLOGY VALUE FUND, INC.
   
 
By:
/s/ Kevin Landis
 
   
Kevin Landis
 
   
President
 


Exhibit Index
Exhibit No.
Description
99.1
Press release dated February 1, 2016