The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Firsthand Technology Value Fund, Inc. (“Firsthand Technology” or “the Company”) (OTC: SVVC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between January 1, 2021 and November 14, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before May 20, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. The Company’s managers and service providers for the Firsthand Technology Value Fund, Inc. (the “Fund”) caused the destruction of more than $200 million in shareholder value. The Company inflated the Fund’s remaining value by using accounting tricks to hide the fact that its investments were failing. The Company integrated fraudulent valuations into the Fund’s publicly stated net asset value (“NAV”). Investors relied on this fraudulent NAV to make investment decisions. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Firsthand Technology, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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