When Silicon Valley Bank collapsed after a run on deposits, many of its clients rushed for compensation after being cut off. Companies that disclosed how much money they had in the bank when it went bankrupt are listed below.
Shares of Roku fell on March 10 after the streaming platform provider said in a securities filing that it had about $487 million with SVB, or 26% of its $1.9 billion cash position.
Those funds were locked up when the bank failed, but the companies should be able to access them again as a result of Sunday’s decision by the Federal Reserve and other regulators to make entire uninsured depositors at Silicon Valley Bank and another bank closed on Sunday. taken over.
| Company | Deposits (estimate) | % of cash/equivalents |
|---|---|---|
| Year |
$487,000,000 |
26% |
| iRhythm Technologies |
$54,500,000 |
26% |
| Cancer |
$10,000,000 |
23% |
| Bill Holdings |
$300,000,000 |
12% |
| Sangamo Therapeutics |
$34,400,000 |
11% |
| Ambarella |
$17,000,000 |
8.2% |
| Rocket Lab USA |
$38,000,000 |
7.9% |
| Eiger BioPharmaceuticals |
$8,300,000 |
6.9% |
| Ginkgo Bioworks Holdings |
$74,000,000 |
6% |
| Aehr test systems |
Less than $2,500,000 |
Less than 6% |
| roblox |
$150,000,000 |
5% |
| Digi International |
$2,000,000 |
5% |
| Enanta Pharmaceuticals |
– |
Less than 5% |
| Rod |
– |
Less than 5% |
| What |
$12,300,000 |
3.8% |
| Repair Therapeutics |
$6,878,000 |
Less than 2% |
| Shattuck Labs |
$2,300,000 |
Less than 1.7% |
| IO Biotech |
– |
1% |
| Lending club |
$21,000,000 |
“Not material” |
| video |
Less than $250,000 |
– |
Note: All figures are estimates and have been rounded in some cases. Some deposit figures are estimated based on the company’s reporting of the percentage of cash and equivalents held in SVB deposits. Some companies have specified the dollar amount or percentage of cash, but not both.
Sources: the companies
Write to Peter Santilli at peter.santilli@wsj.com
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