Brief: Walkme Confirms No Material Exposure To Silicon Valley Bank Shutdown

Walkme

12/03/2023 17:50

March 12 (Reuters) - Walkme Ltd  WKME.O :
    * WALKME CONFIRMS NO MATERIAL EXPOSURE TO SILICON VALLEY
BANK
SHUTDOWN
    * SVB IS NOT A CUSTOMER OF WALKME.
    * WALKME ALSO HAD A $50 MILLION REVOLVING CREDIT FACILITY
WITH
SVB, BUT THAT FACILITY WAS UNUTILIZED
    * SVB CLOSURE HAS NO MATERIAL IMPACT ON WALKME'S LIQUIDITY
OR DAY
TO DAY OPERATIONS
    * WALKME - CASH, BANK DEPOSITS, MARKETABLE SECURITIES HELD
WITH A
DIVERSIFIED PORTFOLIO OF FINANCIAL INSTITUTIONS ARE SUFFICIENT
TO SUPPORT OPERATIONS

Source text for Eikon:  ID:nGNX574h6b 
Further company coverage:  WKME.O 

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