secwatch.observer — SEC 8-K summary
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Issuer:     SANGAMO THERAPEUTICS, INC (SGMO)
CIK:        0001001233
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001628280-23-007777
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Sangamo recovers $34.4M in SVB deposits; funds moved to alternative banks
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- Had approximately $34.4M in deposits with Silicon Valley Bank, substantially all uninsured.
- FDIC transferred all deposits to a bridge bank on March 13; Sangamo accessed full amount.
- Substantially all deposits transferred to alternative global banking providers on March 13.
- Expects to migrate all banking services from SVB to alternative global banking providers.
- No loss of funds; cash position unaffected by SVB closure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001233/000162828023007777/0001628280-23-007777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001233/000162828023007777/sgmo-20230313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-007777

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