: Alphatec’s $14 million deposited with SVB represents more than 16% of its cash, cash equivalents
Shares of Alphatec Holdings Inc. ATEC 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 SIVBSilicon 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. “The Company affirms its expectation that its cash and cash equivalents held outside of SVB will be sufficient to operate... Читать дальше...