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Archer says SVB receivership has no impact on business, operations
The Fly

Archer says SVB receivership has no impact on business, operations

Archer Aviation (ACHR) said it currently maintains only a small amount of cash with SVB (SIVB), in the single digit millions of U.S. dollars, representing less than 2% of the company’s total cash, cash equivalents and short-term investments. Accordingly, the SVB receivership is not expected to have any impact on its business or operations.

Published first on TheFly

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