Quotient says it does not hold cash deposits, securities at Silicon Valley Bank

In a regulatory filing, Quotient Technology (QUOT) said it is aware of media reports indicating a possible liquidity concern at SVB Financial Group (SVB). Quotient informed its stockholders and other stakeholders in the filing of the following: Quotient does not hold cash deposits or securities at Silicon Valley Bank, the U.S. subsidiary of SVB, and Quotient holds approximately $400,000, at today’s exchange rate, at Silicon Valley Bank UK Limited, a U.K. subsidiary of SVB.