Opendoor reveals <1% cash at SVB; 98% held in big four banks

Opendoor Technologies Inc.

Less than 1% of total cash, equivalents, and restricted cash was held at Silicon Valley Bank.
Critical business operations were not run from SVB accounts.
As of March 13, 2023, approximately 98% of cash is at the nation's four largest banks.
Asset-backed credit facilities are with a diversified lender base and have staggered maturities.
All credit facilities continue to operate per the terms in the most recent 10-K.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.