Firsthand Technology Value Fund Announces Exercise of Over-Allotment Option
Firsthand Technology Value Fund, Inc. (Nasdaq: SVVC) today announced that Ladenburg Thalmann & Co. Inc. and National Securities Corporation, on behalf of the underwriters, have exercised the underwriters' overallotment option to purchase an additional 660,000 shares of the Fund's common stock at $27.00 per share. The net proceeds of the over-allotment, after deducting underwriting discounts and commissions and estimated offering expenses is $16.7 million. The exercise of the over-allotment option brings the gross proceeds of the total offering to $136.6 million.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.