Shares of Alphatec Holdings Inc. gained 0.2% in morning trading Monday, after the California-based spinal fusion technology company disclosed that it had $14...
Shares of Alphatec Holdings Inc.
gained 0.2% in morning trading Monday, after the California-based spinal fusion technology company disclosed that it had $14 million deposited with SVB Financial Group’s SIVB Silicon Valley Bank for use for its day-to-day operations. That represented about 16.5% of the $84.7 million Alphatec had in cash and cash equivalents as of Dec. 31.
gained 0.2% in morning trading Monday, after the California-based spinal fusion technology company disclosed that it had $14 million deposited with SVB Financial Group’s SIVB Silicon Valley Bank for use for its day-to-day operations. That represented about 16.5% of the $84.7 million Alphatec had in cash and cash equivalents as of Dec. 31.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »
Pantera, Paradigm, Andreessen Horowitz Might Be Affected by SVB Collapse: DataChinese journalist and insider Colin Wu shared some SEC data that might shed light on who is (potentially) exposed to SVB
Read more »
Founders swarmed SVB’s Bay Area branches looking for answers after bank's historic failureSilicon Valley Bank's clients went to physical branches on Friday searching for answers as the bank rapidly collapsed.
Read more »
Analysis: SVB's lightning collapse stuns banking industryThe rapid unraveling of SVB Financial Group has blindsided the banking industry after years of stability.
Read more »
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposureThe U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning.
Read more »
Elon Musk is 'open' to buying SVB, Tesla investor says 'no thanks'Elon Musk says he's 'open to the idea' of buying Silicon Valley Bank, but a Tesla investor tells him 'no thanks'
Read more »