GSV Capital Corp. Provides Update Related To its Annual Report on Form 10-K
08 Avril 2019 - 10:35PM
GSV Capital Corp. (“GSV Capital” or the “Company”)
(Nasdaq:GSVC). As previously reported by the Company in its Form
12b-25 filed with the Securities and Exchange Commission (“SEC”) on
March 18, 2019 (the “Form 12b-25”), the Company was unable to file
its Annual Report on Form 10-K for the fiscal year ended December
31, 2018 (the “Form 10-K”) within the prescribed time period
without unreasonable effort or expense because the Company’s
independent directors retained independent counsel to conduct a
review of certain operational and administrative activities (the
“Internal Review”). The Internal Review is not yet complete and, as
a result, the Company was unable to file the Form 10-K by April 2,
2019 – the deadline for filing the Form 10-K prescribed by Rule
12b-25 under the Securities Exchange Act of 1934.
Today, the Company announced that it received a
notice (the “Notice”) on April 2, 2019 from the Nasdaq Listing
Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”)
related to the delayed filing of the Form 10-K. The Notice states
that, as a result of not having timely filed the Form 10-K, the
Company is not in compliance with Nasdaq Listing Rule 5250(c)(1),
which requires timely filing of periodic financial reports with the
SEC. The Notice has no immediate effect on the listing or
trading of the Company’s common stock on the Nasdaq Capital
Market.
The Company expects to complete the required
filing of the Form 10-K with the SEC as soon as practicable after
completion of the Internal Review. Importantly, the Company does
not expect the Internal Review to result in any change to the
Company’s financial statements or results of operations that were
reported in its earnings release on March 14, 2019.
About GSV Capital
Corp.
GSV Capital Corp. (GSVC) is a publicly traded
investment fund that seeks to invest in high-growth, venture-backed
private companies. The fund seeks to create a portfolio of
high-growth emerging private companies via a repeatable and
disciplined investment approach, as well as to provide investors
with access to such companies through its publicly traded common
stock. GSV Capital is headquartered in San Francisco, CA.
www.gsvcap.com
Forward-Looking Statements
Statements included herein may constitute
“forward-looking statements,” which relate to future events or our
future performance or financial condition. These statements are not
guarantees of our future performance, condition or results of
operations and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in our filings with the SEC. GSV
Capital Corp. undertakes no duty to update any forward-looking
statements made herein, unless required to do so by law.
Contact
GSV Capital Corp.(650) 235-4769IR@gsvcap.com
GSV Capital (NASDAQ:GSVC)
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