Brief: Stem Announces Minimal Exposure To Silicon Valley Bank

Stem

11/03/2023 01:01

March 10 (Reuters) - Stem Inc  STEM.N :
    * STEM ANNOUNCES MINIMAL EXPOSURE TO SILICON VALLEY BANK
    * DO NOT EXPECT CLOSURE TO HAVE ANY IMPACT ON OUR OPERATIONS
    * ESTIMATE LESS THAN 5% OF CASH AND SHORT-TERM INVESTMENTS
COULD
BE IMPACTED BY CLOSURE OF BANK
    * HAVE NO CREDIT FACILITIES OR OTHER FINANCIAL RELATIONSHIPS
WITH
SVB
    * STEM MAINTAINS ITS CASH AND SHORT-TERM INVESTMENTS WITH A
DIVERSE GROUP OF LARGE NATIONAL FINANCIAL INSTITUTIONS

Source text for Eikon:  ID:nBw7JqDXha 
Further company coverage:  STEM.N 

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