## Filing Overview
**Filing Date**: 03-10-2023
**Type of Filing**: [[Filing Definitions#8-K|8-K]]
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## Notes
#### Summary:
Rocket Lab acknowledged the closure of **Silicon Valley Bank (SVB)** by the California Department of Financial Protection and Innovation. The company confirmed holding **$38 million** in deposit accounts with SVB, representing **7.9%** of Rocket Lab’s total cash, cash equivalents, and marketable securities as of **December 31, 2022**. This filing serves to inform stakeholders of the minimal impact on overall liquidity due to the diversification of assets.
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## Filing
![[b644cf38-1413-43b7-bdb7-a0292b3ac1b3.pdf]]