Brief: Procore Technologies Says As Of Mar 10, About 5% Of Co's Total Cash, Cash Equivalents, Marketable Securities Is Held In Deposit Accounts At SVB

Procore Technologies

13/03/2023 13:41

March 13 (Reuters) - Procore Technologies Inc  PCOR.N :
    * PROCORE TECHNOLOGIES - AS OF MARCH 10, ABOUT 5% OF CO'S
TOTAL
CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES IS HELD IN
DEPOSIT ACCOUNTS AT SVB
    * PROCORE TECHNOLOGIES - BELIEVES ITS FUNDS CURRENTLY HELD
AT SVB
WILL BE FULLY AVAILABLE IF AND WHEN NEEDED
    * PROCORE TECHNOLOGIES - GIVEN OTHERWISE LIMITED EXPOSURE TO
SVB,
SITUATION WILL NOT HAVE A MATERIAL IMPACT ON DAY-TO-DAY
OPERATIONS OF CO

Further company coverage:  PCOR.N 

 ((Reuters.Briefs@thomsonreuters.com;))