UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events |
Ambarella, Inc. (the “Company”) is aware of reports that the Federal Deposit Insurance Corp. (“FDIC”) has taken control of Silicon Valley Bank (“SVB”) due to liquidity concerns. As of March 10, 2023, the Company had deposits with SVB of approximately $17 million. The Company’s total cash, cash equivalents and marketable debt securities on hand at the end of the fourth quarter of fiscal 2023 ended January 31, 2023 was $206.9 million.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 10, 2023 | Ambarella, Inc. | |||||
/s/ Michael Morehead | ||||||
Michael Morehead General Counsel |