other material
confidence high
sentiment negative
materiality 0.65
Ambarella discloses ~$17M in SVB deposits after FDIC takeover
AMBARELLA INC
- Ambarella had approximately $17M in deposits at Silicon Valley Bank (SVB) as of March 10, 2023.
- Total cash, cash equivalents, and marketable securities stood at $206.9M as of Jan 31, 2023.
- FDIC seized SVB due to liquidity concerns, putting access to the $17M at risk.