secwatch.observer — SEC 8-K summary
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Issuer:     SANGAMO THERAPEUTICS, INC (SGMO)
CIK:        0001001233
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001628280-23-007587
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001233/000162828023007587/0001628280-23-007587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001233/000162828023007587/sgmo-20230310.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-007587

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