secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001193125-23-068401
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo discloses ~$1.3M exposure to Silicon Valley Bank; remaining funds at U.S. Bank
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- Sonendo had approximately $1.3 million in operating accounts at Silicon Valley Bank (SVB) as of March 13, 2023.
- Remaining cash and equivalents, including money market funds and U.S. government securities, held at U.S. Bank custodial accounts.
- Company may experience delays in transferring funds due to SVB disruptions.
- SVB was shut down by California DFPI on March 10; FDIC appointed receiver; depositors assured access to funds starting March 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000119312523068401/0001193125-23-068401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000119312523068401/d484386d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-068401

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