Rimini Street confirms no exposure to failed Silicon Valley Bank or Signature Bank

Rimini Street, Inc.

As of Dec 31, 2022, cash and short-term investments balance $129.1M held at HSBC, Bank of America, Sumitomo Mitsui, Capital One, Banco Bradesco.
Short-term investments consist of U.S. Treasury Bills and Government Agency Securities with portfolio duration <6 months.
Rimini Street has no banking, credit, or other relationship whatsoever with SVB or Signature Bank.
Company does not currently believe SVB/Signature failures will have any material impact on operations or future results.

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