Brief: Standard BioTools Currently Holds About $334,000 In Cash Deposits At Silicon Valley Bank

Standard BioTools

13/03/2023 11:25

March 13 (Reuters) - Standard BioTools Inc  LAB.O :
    * STANDARD BIOTOOLS INC - CURRENTLY HOLDS ABOUT $334,000 IN
CASH
DEPOSITS AT SILICON VALLEY BANK
    * STANDARD BIOTOOLS INC - HOLDS $1 MILLION IN RESTRICTED
CASH
ACCOUNT AT SVB TO SECURE LETTER OF CREDIT IN FAVOR OF LANDLORD
    * STANDARD BIOTOOLS INC - CO'S INVESTMENTS DO NOT CONTAIN
ANY
SECURITIES OF SVB
    * STANDARD BIOTOOLS - IS PARTY TO $25 MILLION CREDIT
FACILITY WITH
SVB, AS LENDER
    * STANDARD BIOTOOLS INC - EVALUATING ITS OPTIONS WITH
RESPECT TO
CREDIT FACILITY

Further company coverage:  LAB.O 

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