other material
confidence high
sentiment positive
materiality 0.55
Appian says SVB receivership will not materially impact operations; most cash held elsewhere
APPIAN CORP
- Company believes SVB receivership will not have a material impact on operations.
- Vast majority of cash, equivalents, and short-term investments held at institutions other than SVB.
- Has up to $50M available credit under revolving loan with non-SVB institutions for additional liquidity.