secwatch.observer — SEC 8-K summary
======================================

Issuer:     Axogen, Inc. (AXGN)
CIK:        0000805928
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0000805928-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Axogen's $8M SVB deposits fully protected; moving other assets to JP Morgan
---------------------------------------------------------------------------

- Axogen had $8M cash at SVB, its sole depositor; FDIC guarantees full access as of March 13.
- Majority of other cash/investments held in U.S. Bank custodial accounts advised by SVB Asset Management.
- Company opening new brokerage/operations accounts with JP Morgan to move all held funds.
- Believes existing cash plus product sales sufficient for at least 12 months.
- SVB closed by California regulator March 10; FDIC appointed receiver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805928/000080592823000015/0000805928-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805928/000080592823000015/axgn-20230310.htm
  HTML page:      https://secwatch.observer/filing/0000805928-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer