secwatch.observer — SEC 8-K summary
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Issuer:     ZoomInfo Technologies Inc. (GTM)
CIK:        0001794515
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001794515-23-000053
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZoomInfo discloses $284M cash exposure to Silicon Valley Bank; FDIC guarantees deposits
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- $20M in deposit accounts at SVB (3% of cash); $264M in money market securities custodied at SVB (42% of cash).
- $6M in restricted cash for letters of credit also held at SVB.
- FDIC and Treasury guarantee depositors full access to all money starting March 13, 2023.
- Company states sufficient liquidity and alternative banking relationships to meet obligations.
- No material impact currently expected; ticker ZI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794515/000179451523000053/0001794515-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794515/000179451523000053/zi-20230310.htm
  HTML page:      https://secwatch.observer/filing/0001794515-23-000053

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