Archive for March 10th, 2023

Good morning.  Bob Tillman (a member of Gerbsman Partners Board of Intellectual Capital) and I want to share with you information about Silicon Valley Bank. https://www.cnbc.com/2023/03/10/silicon-valley-bank-is-shut-down-by-regulators-fdic-to-protect-insured-deposits.html

This is an unprecedented announcement regarding Silicon Valley Bank. We understand that many technology, life science and medical device companies who have SVB deposits and credit lines may be impacted by this development. Even if deposits above the $250,000 FDIC coverage limit are paid in full, SVB credit lines will likely be unavailable. 

Bob and I anticipate greatly restricted availability of venture financing, as many venture firms are also SVB customers. Financings in progress will likely be delayed, as venture firms will re-evaluate their commitments. If you have technology, life science and medical device companies as customers, you can expect that many of these companies will have difficulties paying their bills. Lastly, other banks will be fearful of a similar fate, and will likely pull back from lending and from taking on new customers.

If your company of one of those affected, it is vitally important that you retain professional help immediately to prepare for CASH shortages. Gerbsman Partners has a decades long track record in negotiating with creditors in difficult and complex situations and restructuring prohibitive real estate and intellectual property leases.

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property, as well as maximizing value for Intellectual Property Patents. Since 2001, Gerbsman Partners has been involved in maximizing value for 118 technology, medical device, life science, solar, fuel cell, cyber security, consumer and digital marketing companies and their Intellectual Property and has restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception in 1980, Gerbsman Partners has been involved in over $2.3 billion of financings, restructurings and M & A Transactions.

Gerbsman Partners has offices and strategic alliances in San Francisco, New York, McLean, VA/Washington DC, Orange County, Boston, Europe and Israel.

Bob, Ken Hardesty and I, as well as the rest of the Gerbsman Partners team are available to strategize and develop action for maximizing and monetizing value. 

Best regards

Steve Gerbsman and Bob Tillman

Steven R. Gerbsman

Cell: 415.505.4991

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