secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001635282-23-000073
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000073/0001635282-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000073/rmni-20230313.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000073

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