other material
confidence high
sentiment positive
materiality 0.35
Lemonade says SVB liquidity exposure immaterial, less than $7,000 in cash at bank
Lemonade, Inc.
- Cash held at Silicon Valley Bank is less than $7,000, below FDIC-insured limit of $250,000.
- Company uses large financial institutions for commercial banking services not currently exposed to liquidity risk.
- Believes cash and assets are well diversified to minimize overall risk.