---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000107"
form_type: "8-K"
ticker: "MDNC"
cik: "0001931055"
company_name: "Medinotec Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:57:27.282832+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Medinotec confirms recovery of $2.6M from SVB after FDIC backstop

## Summary
- Had $2.6M (96% of $2.7M cash) at Silicon Valley Bank, largely uninsured.
- FDIC/Treasury/Fed announced all SVB depositors made whole on March 12.
- Company confirms deposits fully recovered as of March 13, 2023.
- No material impact on cash position or operations; event resolved.

## SEC filing metadata
- accession: 0001663577-23-000107
- form_type: 8-K
- ticker: MDNC
- cik: 0001931055
- company_name: Medinotec Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000107/0001663577-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000107/mdin8k031023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000107
- JSON: https://secwatch.observer/filing/0001663577-23-000107.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000107.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.