SAN FRANCISCO, Calif., April 22, 2019 (GLOBE NEWSWIRE) -- GSV Capital Corp. (“GSV Capital” or the “Company”) (Nasdaq:GSVC) announced today that on April 18, 2019 the Company filed its annual report on Form 10-K for the fiscal year ended December 31, 2018 (the “Form 10-K”).
As previously reported, the Company was unable to file 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 of the Company (the “Internal Review”). The Internal Review is now complete and no material issues were found. The results of the Internal Review did not change the Company’s financial statements or results of operations that were reported in its earnings release on March 14, 2019.
In addition, as a result of filing the Form 10-K, the Company received a notice from Nasdaq on April 18, 2019 stating that the Company is now in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. As previously reported, the Company had received a notice from Nasdaq stating that the Company was not in compliance with such rule because the Company was unable to file the Form 10-K within the prescribed time period.
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
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.