Outbrain issues statement on events surrounding Silicon Valley Bank

Outbrain (OB) provided a statement regarding the events surrounding Silicon Valley Bank (SIVB), saying that, "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."