UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
SEP Acquisition Corp. (the “Company”) is aware that Silicon Valley Bank (“SVB”) has been closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. On March 10, 2023, the Company announced that it holds all of its operating cash deposits with SVB in the amount of approximately $1.2 million. None of the Company’s trust account deposits are held at SVB.
SIGNATURE
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.
| SEP Acquisition Corp. | ||
| Date: March 10, 2023 | By: | /s/ R. Andrew White |
| Name: R. Andrew White | ||
| Title: President and Chief Executive Officer | ||