Photronics confirms zero exposure to SVB, First Republic, Signature Bank

PHOTRONICS INC

No cash or other assets on deposit with Silicon Valley Bank, First Republic Bank, or Signature Bank.
No debt or equity issued by any of those banks, nor any credit facilities, swaps, or derivatives.
Disclosure made in response to recent bank failures to reassure investors of no financial exposure.
Neither the company nor any subsidiaries have any relationship with the affected banks.

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