UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
Shattuck Labs, Inc. (the “Company”) is aware of media reports indicating California’s banking regulator has taken possession of Silicon Valley Bank (“SVB”). On March 10, 2023, the Company announced that it has total deposits of approximately $2.3 million with SVB, which is less than 1.7% of the Company’s cash and cash equivalents and investments. The Company does not have any cash equivalents or investments held at SVB. Another institution serves as a custodian for third-party investments held in the Company’s name, which consist primarily of United States government obligations. We do not believe these investments are directly exposed to any consequences of the insolvency of SVB.
The information in this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Forward-Looking Statements
The Company cautions you that statements included in this report that are not a description of historical facts are forward-looking statements. These forward-looking statements include statements regarding any liquidity concern. The inclusion of forward-looking statements should not be regarded as a representation by the Company that any of these results will be achieved. Actual results may differ from those set forth in this report due to the risks and uncertainties associated with liquidity concerns, as well as risks and uncertainties inherent in the Company’s business, including those described in the Company’s other filings with the Securities Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this report to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Shattuck Labs, Inc. | ||||||
| Date: March 10, 2023 | By: | /s/ Andrew R. Neill | ||||
| Andrew R. Neill | ||||||
| Chief Financial Officer (principal financial and accounting officer) | ||||||
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