Update of the Financial Strength of Columbia Financial, Inc.

Written by Customer Service on March 12, 2023. Posted in Public Companies.

Total Regulatory Capital Total Regulatory Capital Columbia Financial Inc. – Regulatory Capital Columbia Financial Inc. – Regulatory Capital FAIR LAWN, N.J., March 12, 2023 (GLOBE NEWSWIRE) — Silicon Valley Bank’s and Silvergate Bank’s problems have attracted nationwide attention. As such, Columbia Financial, Inc. (the “Company”) the holding company of Columbia Bank and Freehold Bank, want to assure clients and shareholders that the Company’s risk profile continues to be prudently managed in order to ensure a safe and secure environment. The below statement demonstrates that the Company’s risk profile vastly differs from both Silicon Valley Bank and Silvergate Bank. We believe that Silicon Valley Bank’s and Silvergate Bank’s distress was caused by high exposure to undiversified lines of business. In particular, we...

Intuitive Machines to Attend 35th Annual Roth Conference

Written by Customer Service on March 12, 2023. Posted in Public Companies.

Intuitive Machines Chief Financial Officer, Erik Sallee, attending Roth Conference Mr. Sallee will participate in one-on-onemeetings with analysts and investors and hosta fireside chat on Monday, March 13, at1030am during the Conference, sharingIntuitive Machines’ diversified spaceexploration strategy, execution, and upcomingmilestones. To book a one-on-one with Mr.Sallee, please contact your Roth salespersonor email the event one on one desk atoneononerequests@roth.com. HOUSTON, March 12, 2023 (GLOBE NEWSWIRE) — Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, today announced that the Company’s Chief Financial Officer, Erik Sallee, will attend the 35th Annual Roth Conference (the “Conference”) from March 12 to 14, 2023 at...

CapStar Issues Updated Financial Figures

Written by Customer Service on March 12, 2023. Posted in Public Companies.

Reiterates Strong Capital, Liquidity, and Asset Quality Position NASHVILLE, Tenn., March 12, 2023 (GLOBE NEWSWIRE) — CapStar Financial Holdings, Inc. (Nasdaq: CSTR), a bank holding company with $3.1 billion in total assets, today reported updated unaudited financial figures and reiterated its strong financial position and well-diversified business mix in the wake of recent industry developments. “While the events of the past week are unfortunate, the impacted institutions operated very unique business models which presented unique risks. CapStar is a conservative and well-diversified company with a history of solid performance and risk management. We target and maintain a diverse business mix of established, known customers that principally operate and live in our seven communities. Importantly, we have no deposits, loans, or equity...

Zealand Pharma Provides Statement on Silicon Valley Bank Closure

Written by Customer Service on March 12, 2023. Posted in Public Companies.

Company announcement – No. 5 / 2023 Zealand Pharma Provides Statement on Silicon Valley Bank Closure Copenhagen, Denmark March 12, 2023 – Zealand Pharma A/S (Nasdaq: ZEAL) (CVR-no. 20045078) a biotechnology company focused on the discovery and development of innovative peptide-based medicines, today issued the following statement: On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. As receiver the FDIC will retain all the assets from SVB for later disposition. Zealand has approximately DKK 162.6 million in cash deposits held at SVB as of March 10, 2023, which represents approximately 15% of its total cash, cash equivalents and marketable securities on that date. Zealand’s deposits with SVB are insured...

WalkMe Confirms No Material Exposure to Silicon Valley Bank Shutdown

Written by Customer Service on March 12, 2023. Posted in Public Companies.

SAN FRANCISCO, March 12, 2023 (GLOBE NEWSWIRE) — WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today released the following statement in response to the shutdown of Silicon Valley Bank: As of December 31, 2022, WalkMe had approximately $304.9 million in cash, cash equivalents, bank deposits and marketable securities. Today, a small portion of the Company’s cash and bank deposits, approximately $17 million, is held with Silicon Valley Bank of Santa Clara, California (“SVB”). WalkMe also had a $50 million revolving credit facility with SVB, but that facility was unutilized. SVB is not a customer of WalkMe. The SVB closure has no material impact on WalkMe’s liquidity or day to day operations. The Company’s cash and cash equivalents, bank deposits and marketable securities are held with a diversified...

Alpha Tau Medical Confirms No Direct Exposure to Silicon Valley Bank

Written by Customer Service on March 12, 2023. Posted in Public Companies.

JERUSALEM, March 12, 2023 (GLOBE NEWSWIRE) — Alpha Tau Medical Ltd. (“Alpha Tau”, or the “Company”) (NASDAQ: DRTS, DRTSW), the developer of the innovative alpha-radiation cancer therapy Alpha DaRT™, today issued the following statement on Silicon Valley Bank (SVB) in response to questions from investors and analysts. We maintain no accounts or other financial relationships with SVB, and we do not currently expect its closure to have any impact on our operations. About Alpha DaRT™ Alpha DaRT (Diffusing Alpha-emitters Radiation Therapy) is designed to enable highly potent and conformal alpha-irradiation of solid tumors by intratumoral delivery of radium-224 impregnated sources. When the radium decays, its short-lived daughters are released from the sources and disperse while emitting high-energy alpha particles...

Day: March 12, 2023