secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001104659-23-031411
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Verastem reports $2M deposit at Silicon Valley Bank; depositors fully protected by FDIC
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- Company had ~$2 million on deposit at SVB when FDIC took control.
- Treasury, Fed, and FDIC announced all SVB depositors will be fully protected starting March 13, 2023.
- Verastem expects full access to its cash without loss.
- No other material exposure to SVB disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923031411/0001104659-23-031411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923031411/tm239294d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031411

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