other material
confidence high
sentiment neutral
materiality 0.15
Nurix Therapeutics discloses minimal SVB exposure; less than 1% of cash at SVB
Nurix Therapeutics, Inc.
- SVB closed by California DFPI on March 10; FDIC appointed receiver.
- U.S. Treasury, Fed, FDIC: all depositors fully protected; funds accessible March 13.
- Nurix's SVB account holds less than 1% of total cash, equivalents, and marketable securities.
- Remaining cash held at other large, global financial institutions.
- Company believes exposure is immaterial and funds will be fully available.