other material
confidence high
sentiment negative
materiality 0.30
Annexon discloses $0.5M in SVB deposits; 0.2% of total cash
Annexon, Inc.
- Silicon Valley Bank closed by FDIC on March 10, 2023.
- Annexon held ~$0.5 million in SVB deposit accounts.
- Exposure equals approximately 0.2% of total cash, cash equivalents and marketable securities.
- Company expects no material impact on operations or liquidity.