UNITED STATES
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CURRENT REPORT
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Item 8.01. Other Events.
Substantially all of the cash, cash equivalents, and marketable securities of Voyager Therapeutics, Inc. (the “Company”) and its subsidiary are held by banking institutions or custodial partners other than Silicon Valley Bank (“SVB”).
The Company currently maintains an operating account at SVB and a restricted cash deposit account at SVB pursuant to which SVB has issued letters of credit related to the Company’s ongoing leases. The aggregate balance of these accounts at SVB is less than $2 million, constituting less than 1% of the Company’s and its subsidiary’s total cash, cash equivalents and marketable securities (inclusive of restricted cash).
In addition, the Company is aware of the joint press release by the United States Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation on March 12, 2023, stating that, among other things, depositors of SVB will have access to all of their money starting March 13, 2023.
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.
VOYAGER THERAPEUTICS, INC. | ||
Date: March 13, 2023 | By: | /s/ Alfred Sandrock, M.D., Ph.D. |
Alfred Sandrock, M.D., Ph.D. Chief Executive Officer, President, and Director | ||
(President and Chief Executive Officer) |