Svb Financial Group (SIVBQ) has shared an update.
SVB Financial Group, after filing for Chapter 11 bankruptcy protection in March 2023, is operating its remaining businesses, such as SVB Capital, under court supervision. Investors are advised not to base investment decisions on the Monthly Operating Report, which is unaudited, not prepared in accordance with US GAAP, and intended solely for bankruptcy court requirements. The company also highlights that it will no longer file quarterly reports but will keep stakeholders informed through Current Reports on Form 8-K and other documents filed with the Bankruptcy Court. Investors are cautioned against placing undue reliance on forward-looking statements due to various risks, including those related to the ongoing bankruptcy proceedings.
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