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

Published on March 13, 2023 06:41 AM PDT

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 — Image source: ©2022 Kalkine Media®

March 13 (Reuters) - Procore Technologies Inc:

* 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:

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