Alphatec’s $14 million deposited with SVB represents more than 16% of its cash, cash equivalents

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Alphatec’s $14 million deposited with SVB represents more than 16% of its cash, cash equivalents
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Shares of Alphatec Holdings Inc. gained 0.2% in morning trading Monday, after the California-based spinal fusion technology company disclosed that it had $14...

Shares of Alphatec Holdings Inc.

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 SIVB Silicon 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.

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 SIVB Silicon 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.

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