AcuityAds confirms all monies recovered from SVB

AcuityAds (ATY) provided an update on its previously disclosed cash deposits with Silicon Valley Bank (SIVB), SVB. The Company is pleased to report that all monies mentioned in its press release dated March 10, 2023, have been recovered from SVB and are currently on account at a Canadian Schedule I bank. "I want to thank our team for working tirelessly around the clock this weekend to ensure we had no operational interruptions with our clients, vendors or employees," said Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds. "After reporting strong fourth quarter 2022 results on the back of tremendous illumin momentum, we can now turn our attention back to growing our business and continuing to increase our market share."