Shares of Bionano Genomics Inc. fell 0.8% in premarket trading Monday, after the life sciences instrumentation company said it had about $2.1 million in...
Shares of Bionano Genomics Inc.
fell 0.8% in premarket trading Monday, after the life sciences instrumentation company said it had about $2.1 million in accounts with SIVB Financial Group’s SIVB Silicon Valley Bank, which was closed by regulators last week. That exposure represented about 41% of the $5.1 million the company had in cash and cash equivalents as of Dec. 31. The company also had $108.1 million in available-for-sale securities at the end of 2022.
fell 0.8% in premarket trading Monday, after the life sciences instrumentation company said it had about $2.1 million in accounts with SIVB Financial Group’s SIVB Silicon Valley Bank, which was closed by regulators last week. That exposure represented about 41% of the $5.1 million the company had in cash and cash equivalents as of Dec. 31. The company also had $108.1 million in available-for-sale securities at the end of 2022.
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