SWK Holdings says does not have direct exposure to SVB

In a regulatory filing, SWK Holdings (SWKH) reported that the company is aware that Silicon Valley Bank (SIVB) was closed on March 10 by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. "The company does not have direct exposure to SVB. The company does not hold cash deposits or securities with SVB, and does not otherwise have a business relationship with SVB. In addition, the company is not party to any debt financing arrangement in which SVB is an agent, co-lender, or a participant," SWK Holdings stated.