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Accuray views its exposure to SVB liquidity concern as ‘immaterial’
The Fly

Accuray views its exposure to SVB liquidity concern as ‘immaterial’

Accuray Incorporated (ARAY) said in a regulatory filing that it is aware of media reports indicating a possible liquidity concern at Silicon Valley Bank (SVB). Accuray considers its exposure to any liquidity concern at SVB as immaterial, given that cash held at SVB is below the FDIC-insured limit of $250,000 and that Accuray holds no securities at SVB.

Published first on TheFly

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