secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001564590-23-003597
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex recovers all $10.1M from SVB accounts after bank failure
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- Total exposure: ~$4.6M in SVB bank account + ~$5.5M in money market account (third-party custodian).
- Company had previously disclosed it was unable to access funds; now confirms full recovery.
- Funds received in full; no remaining balance at SVB or SVB Asset Management.
- Removes immediate liquidity risk from SVB collapse on Marchex's cash position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023003597/0001564590-23-003597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023003597/mchx-8k_20230314.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-003597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer