Beamr Imaging Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Beamr Imaging Ltd., an Israeli company, on March 13, 2023. The report addresses the closure of Silicon Valley Bank (SVB) by the California Department of Financial Protection and Innovation on March 10, 2023, and the appointment of the Federal Deposit Insurance Corporation as receiver.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The only specific financial figure disclosed relates to the company's exposure to SVB:
- Deposits at SVB: Approximately $30,000.
- Other SVB Exposure: The company holds no additional deposits or securities at SVB.
Material Changes
The filing reports no material changes to the company's operations or financial condition other than the potential impact of the SVB closure on the disclosed $30,000 deposit balance.
Outlook, Risks, and Management Commentary
Management has confirmed awareness of the SVB closure. The primary risk identified is the status of the approximately $30,000 held at the bank. The filing does not provide forward-looking guidance, revenue outlook, or discussion of other contingencies.
Key Facts for Investor Verification
- Verify the status of the $30,000 deposit held at Silicon Valley Bank.
- Confirm that the company has no other undisclosed exposure to SVB or similar financial institutions.
- Note that this filing is a current event report and does not contain quarterly or annual financial performance data.