other material
confidence high
sentiment negative
materiality 0.75
Aprea Therapeutics discloses $1.5M SVB deposits, $28.9M in SVB-purchased money market fund
Aprea Therapeutics, Inc.
- Cash deposits of approximately $1.5M held at Silicon Valley Bank (SVB) after FDIC takeover.
- Additional $28.9M in a money market mutual fund purchased through SVB, managed by a third party.
- Company expects full access to the money market fund but timing and process remain unclear as of March 13.
- Total potential exposure of $30.4M represents a material portion of the company's cash position.