secwatch.observer — SEC 8-K summary
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Issuer:     IO Biotech, Inc. (IOBTQ)
CIK:        0001865494
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001193125-23-067793
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

IO Biotech discloses ~1% of cash held at Silicon Valley Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865494/000119312523067793/0001193125-23-067793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865494/000119312523067793/d483408d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-067793

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