Sangamo has $34.4M in uninsured deposits at failed Silicon Valley Bank

SANGAMO THERAPEUTICS, INC

Sangamo had approximately $34.4 million in deposits with SVB as of March 10, 2023, substantially all uninsured.
Total cash, cash equivalents, and marketable securities were $307.5 million as of December 31, 2022.
FDIC stated uninsured depositors will receive an advance dividend within one week; full recovery timing and amount unknown.
Company expects to meet payroll and supplier obligations through other banking providers despite SVB failure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.