Brief: Wish Reassures Investors Of Limited Financial Exposure In Silicon Valley Bank
13/03/2023 20:26
March 13 (Reuters) - ContextLogic Inc WISH.O :
* WISH REASSURES INVESTORS OF LIMITED FINANCIAL EXPOSURE IN
SILICON VALLEY BANK
* CONTEXTLOGIC INC - DO NOT EXPECT SVB SITUATION TO
MATERIALLY
IMPACT COMPANY'S OVERALL LIQUIDITY POSITION OR ITS DAY TO DAY
OPERATIONS
* CONTEXTLOGIC: AS OF DEC 31, 2022, LESS THAN 5% OF CO'S
$719
MILLION OF CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES WAS
HELD AT SILICON VALLEY BANK
Source text for Eikon: ID:nGNX1Ny4Ry
Further company coverage: WISH.O
((Reuters.Briefs@thomsonreuters.com;))
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