other material
confidence high
sentiment neutral
materiality 0.15
IO Biotech discloses ~1% of cash held at Silicon Valley Bank
IO Biotech, Inc.
- Approximately 1% of total cash and cash equivalents held at Silicon Valley Bank in operating accounts.
- Remaining 99% of cash held at other institutions; exposure is limited.
- Disclosure filed March 10, 2023, amid SVB liquidity crisis affecting broader market.
- Company continues to support U.S. operations through the affected accounts.