Month: March 2023

BURLINGAME, Calif., March 12, 2023 (GLOBE NEWSWIRE) — Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today issued the following statement regarding Silicon Valley Bank’s (“SVB”) transition into receivership by the Federal Deposit Insurance Corporation (“FDIC”): “While we continue to proactively monitor the situation involving SVB, our initial assessment indicates our Company maintains a de minimis amount of cash with SVB. With today’s announcement from the Department of the Treasury, Federal Reserve, and FDIC, we expect to access our accounts on Monday, March 13th and do not currently anticipate a material impact to our financial condition or operations as a result of SVB’s transition into receivership by the FDIC. We will continue to monitor the situation and any impact on Proterra,...

HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J., March 13, 2023 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED” or the “Company”) (Nasdaq/AIM:​HCM, HKEX:​13) today confirms that it does not have any exposure to Silicon Valley Bank (“SVB”) or Silicon Valley Bank UK Limited (“SVBUK”). The Company does not hold any cash deposits or securities with SVB or SVBUK. About HUTCHMED HUTCHMED (Nasdaq/AIM:​HCM; HKEX:​13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. It has approximately 5,000 personnel across all its companies, at the center of which is a team of about 1,800 in oncology/​immunology. Since inception it has focused on bringing...

Total Regulatory Capital Total Regulatory CapitalColumbia Financial Inc. – Regulatory Capital Columbia Financial Inc. – Regulatory CapitalFAIR 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 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...

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...

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...

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...

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...

NEW YORK, March 11, 2023 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB), a leading recommendation platform for the open web, is providing the following statement regarding the events surrounding Silicon Valley Bank (“SVB”): “Less than 5% of our current cash, cash equivalents and investments in marketable securities is held by SVB with the balance being held at multiple, large financial institutions. We also have an undrawn revolving credit facility with SVB, and the company does not foresee any near-term needs to draw upon this facility. SVB is also the counterparty to our forward foreign currency hedge contracts. We do not anticipate a material impact on our financial condition or on our operations.” Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws,...

Aðalfundur Vátryggingafélags Íslands hf. verður haldinn fimmtudaginn 16. mars 2023 kl. 16:00 í höfuðstöðvum félagsins Ármúla 3, 108 Reykjavík, auk þess sem gefinn er kostur á rafrænni þátttöku á fundinum. Framboðsfrestur vegna stjórnar og tilnefningarnefndar Vátryggingafélags Íslands hf. rann út þann 11. mars 2023 kl. 16:00. Meðfylgjandi eru upplýsingar um þá aðila sem gefið hafa kost á sér til setu í stjórn og varastjórn annars vegar, og tilnefningarnefnd hins vegar. Athygli er vakin á því að Stefán Árni Auðólfsson, sem tilgreindur er í skýrslu tilnefningarnefndar hefur dregið framboð sitt til baka.Er það mat stjórnar að öll framboð séu gild sbr. 63. gr. a. hlutafélagalaga nr.2/1995. Þar sem fimm einstaklingar hafa boðið sig fram til aðalstjórnar, tveir til varastjórnar og þrír einstaklingar hafa boðið sig fram til setu í tilnefningarnefnd...