BigCommerce says less than 2% of $305M cash held at Silicon Valley Bank

Commerce.com, Inc.

As of March 10, 2023, BigCommerce held less than 2% of its cash and marketable securities in SVB and SVB UK accounts combined.
Total cash, equivalents, restricted cash and marketable securities balance was $305.0 million as of December 31, 2022.
The disclosure addresses investor concerns following the collapse of Silicon Valley Bank on March 10, 2023.

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