electroCore Affirms No Direct Exposure to Silicon Valley Bank, Silvergate Bank, or Signature Bank
14 March 2023 - 11:30PM
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic
medicine and wellness company, announced today it does not have
direct exposure to Silicon Valley Bank, Silvergate Bank, or
Signature Bank. electroCore does not hold cash deposits or
securities with these banking institutions, and currently holds
corporate cash accounts with large global money center
banks.
About electroCore, Inc.electroCore, Inc. is
a commercial stage bioelectronic medicine and wellness company
dedicated to improving health through its non-invasive vagus nerve
stimulation (“nVNS”) technology platform. Our focus is the
commercialization of medical devices for the management and
treatment of certain medical conditions and consumer product
offerings utilizing nVNS to promote general wellbeing and human
performance in the United States and select overseas markets.For
more information, visit www.electrocore.com.
Forward-Looking
StatementsThis press release and other written and oral
statements made by representatives of electroCore may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include, but are not limited to, statements about
electroCore's business prospects and clinical and product
development plans (including with respect to ongoing studies); its
pipeline or potential markets for its technologies; the timing,
outcome and impact of regulatory, clinical and commercial
developments; the issuance of U.S. and international patents
providing expanded IP coverage; the possibility of future business
models and revenue streams from the company’s potential use of nVNS
for the enhancement of second learning vocabulary acquisition, the
potential of nVNS generally and gammaCore in particular and other
statements that are not historical in nature, particularly those
that utilize terminology such as "anticipates," "will," "expects,"
"believes," "intends," other words of similar meaning, derivations
of such words and the use of future dates. Actual results could
differ from those projected in any forward-looking statements due
to numerous factors. Such factors include, among others, the
ability to raise the additional funding needed to continue to
pursue electroCore’s business and product development plans, the
inherent uncertainties associated with developing new products or
technologies, the ability to commercialize gammaCore™, the
potential impact and effects of COVID-19 on the business of
electroCore, electroCore’s results of operations and financial
performance, and any measures electroCore has and may take in
response to COVID-19 and any expectations electroCore may have with
respect thereto, competition in the industry in which electroCore
operates and overall market conditions. Any forward-looking
statements are made as of the date of this press release, and
electroCore assumes no obligation to update the forward-looking
statements or to update the reasons why actual results could differ
from those projected in the forward-looking statements, except as
required by law. Investors should consult all of the information
set forth herein and should also refer to the risk factor
disclosure set forth in the reports and other documents electroCore
files with the SEC available at
www.sec.gov.
Contact:Rich CockrellCG
Capital404-736-3838ecor@cg.capital
electroCore (NASDAQ:ECOR)
Historical Stock Chart
From Sep 2024 to Oct 2024
electroCore (NASDAQ:ECOR)
Historical Stock Chart
From Oct 2023 to Oct 2024