Nanotechnology Now - Press Release: "Harris & Harris Group Reports Financial Statements as of June 30, 2011"

Home > Press > Harris & Harris Group Reports Financial Statements as of June 30, 2011

Abstract:
Harris & Harris Group, Inc., (NASDAQ:TINY) reported today that, as of June 30, 2011, its net asset value and net asset value per share (NAV) were $168,426,152 and $5.43, respectively.

Harris & Harris Group Reports Financial Statements as of June 30, 2011

New York, NY | Posted on August 8th, 2011

As of June 30, 2011, we owned an aggregate of 2,304,149 shares of Solazyme. This position was valued at $44,354,868 as of June 30, 2011, which is included in our total assets of $173,384,222. The key inputs to our valuation of Solazyme were the share price as of the close of trading on June 30, 2011, which was $22.97, less a liquidity discount owing to the lock-up restrictions placed on the shares through an agreement with the underwriters of the IPO. As of August 5, 2011, Solazyme's closing price was $17.61 per share.

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About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital company that invests in nanotechnology and microsystems.

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