other material
confidence high
sentiment negative
materiality 0.15
Century Therapeutics discloses ~$3M uninsured at SVB; less than 1% of total cash
Century Therapeutics, Inc.
- Company has ~$3 million in cash/cash equivalents/restricted cash with SVB in excess of FDIC insurance limit.
- Amount represents less than 1% of total cash, cash equivalents, restricted cash, and investments.
- Company acknowledges SVB closure and FDIC appointment as receiver; monitoring situation.