Mesa Labs says SVB closure impact immaterial; excess deposits <$500K vs $26.1M cash

MESA LABORATORIES INC /CO/

Deposit accounts at SVB above FDIC-insured limits are less than $500,000.
Total cash and equivalents were $26.1M as of Dec 31, 2022, held at multiple large financial institutions.
FDIC stated depositors will have access to all funds starting March 13, 2023.
Company believes existing cash and cash flow sufficient for working capital and capex needs.
No other material positions or relationships with SVB.

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