other material
confidence high
sentiment neutral
materiality 0.60
CytomX says SVB exposure immaterial; cash near FDIC limit, $917K letter of credit
CytomX Therapeutics, Inc.
- Operating cash at SVB at or near FDIC-insured limit of $250,000.
- Standby letter of credit under office lease: ~$917,000 deposited at SVB.
- Third-party investments held at outside custodians, not directly exposed to SVB.
- Company does not consider SVB liquidity concern material to its operations.