secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0000950170-23-007469
Event type: regulatory
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Alphatec discloses $14M SVB deposit exposure; FDIC guarantees full access
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- Approximately $14M in deposit accounts at failed Silicon Valley Bank; fully protected under joint Treasury-Fed-FDIC action.
- Money market investments held through SVB as agent consist of U.S. government securities and are not part of FDIC receivership.
- Company holds $100M fully-funded term loan with Braidwell and $35M drawn on MidCap revolving credit facility, both outside SVB.
- Affirms cash and equivalents held outside SVB sufficient to meet operating needs for the foreseeable future.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000095017023007469/0000950170-23-007469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000095017023007469/atec-20230310.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007469

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