Firsthand Technology Value Fund: Directors Resign; Shares to Cease Trading

What Happened Firsthand Technology Value Fund, Inc. (SVVC) filed an 8‑K on August 18, 2026 reporting that, effective at the close of business on August 17, 2026, its independent/disinterested directors Greg Burglin and Kimun Lee resigned, leaving Kevin Landis as the sole director. The company said it expects to file to withdraw its election to be treated as a business development company (BDC) under the Investment Company Act before August 31, 2026 and intends to pursue liquidation and dissolution. As a result of these actions, the company’s shares will cease trading.

Key Details

• Resignations effective August 17, 2026: independent directors Greg Burglin and Kimun Lee.
• Officers who resigned effective August 17, 2026: Nichole Mileski (Chief Compliance Officer and Assistant Secretary) and Kelvin Leung (Secretary).
• Remaining officer/director: Kevin Landis remains President, Chief Executive Officer, Chief Financial Officer and now also serves as Secretary; he is the sole director.
• Corporate actions planned: the company expects to file to withdraw BDC status before August 31, 2026 and to pursue liquidation and dissolution; shares will cease trading.

Why It Matters For shareholders, the combination of independent director resignations, departure of the Chief Compliance Officer, and the company’s plan to withdraw BDC status and pursue liquidation are material governance and structural changes. Ceasing trading means investors will no longer be able to buy or sell the stock on the market, and any eventual return to shareholders will depend on the liquidation process and related filings. The consolidation of board and executive roles under a single remaining director reduces independent oversight while the company moves toward winding up its operations. Investors should watch for further SEC filings and liquidation notices for details on timing and any distributions.