Svb Financial Group ( (SIVBQ) ) has issued an announcement.
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SVB Financial Group, amid bankruptcy proceedings since March 17, 2023, successfully had its Chapter 11 reorganization plan confirmed by the court on August 2, 2024. While continuing to run its business operations, the company cautions investors not to rely heavily on its Monthly Operating Report for investment decisions; the report was not prepared in accordance with standard accounting principles and is not indicative of future results. The company has ceased filing quarterly reports since May 9, 2023, opting instead to file current reports that include material events and financial information submitted to the bankruptcy court.
Learn more about SIVBQ stock on TipRanks’ Stock Analysis page.
