{"id":739300,"date":"2023-03-10T21:14:07","date_gmt":"2023-03-11T02:14:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/unity-issues-statement-regarding-the-events-surrounding-silicon-valley-bank\/"},"modified":"2023-03-10T21:14:07","modified_gmt":"2023-03-11T02:14:07","slug":"unity-issues-statement-regarding-the-events-surrounding-silicon-valley-bank","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/unity-issues-statement-regarding-the-events-surrounding-silicon-valley-bank\/","title":{"rendered":"Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUnity Software Inc. (NYSE: U), the world\u2019s leading platform for creating and growing real-time 3D (RT3D) content, is providing the following statement regarding the events surrounding Silicon Valley Bank:\n<\/p>\n<p>\n\u201cAs Silicon Valley Bank (SVB) has been placed under receivership with the Federal Deposit Insurance Corp (FDIC), Unity is disclosing that less than 5% of our cash and cash equivalents are with SVB, not including any FDIC-insured amounts, and we expect minimal impact on our operations.\u201d\n<\/p>\n<p><b>About Unity Software Inc. (Unity)<\/b><\/p>\n<p>\nUnity is the world\u2019s leading platform for content creators of all sizes to successfully realize their vision. Our comprehensive set of software solutions supports them through the entire development lifecycle as they build, run, and grow immersive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. For more information, visit unity.com.\n<\/p>\n<p>\nUnity uses its website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Finvestors.unity.com&amp;esheet=53360349&amp;newsitemid=20230310005439&amp;lan=en-US&amp;anchor=investors.unity.com&amp;index=1&amp;md5=58e42f1233e870db8dac041f4b3940d7\">investors.unity.com<\/a>), filings with the SEC, press releases, public conference calls, and public webcasts as means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements,\u201d as that term is defined under federal securities laws, including, in particular, statements about Unity&#8217;s plans, strategies and objectives. The words \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cproject,\u201d and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Further information on these and additional risks that could affect Unity\u2019s results is included in our filings with the Securities and Exchange Commission (SEC) which are available on the Unity Investor Relations website. Statements herein speak only as of the date of this release, and Unity assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this publication except as required by law.\n<\/p>\n<p>\nSource: Unity\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230310005439r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230310005439\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230310005439\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations:<br \/>\n<\/b><br \/>Richard Davis<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@unity3d.com\">ir@unity3d.com<\/a><\/p>\n<p><b>Media Relations:<br \/>\n<\/b><br \/>Ryan M. Wallace<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ryan.wallace@unity3d.com\">ryan.wallace@unity3d.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America United States Ireland United Kingdom Europe California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consumer Electronics Mobile\/Wireless Apps\/Applications Technology Software<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230310005439\/en\/1736113\/3\/U_Logo_Black_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Unity Software Inc. (NYSE: U), the world\u2019s leading platform for creating and growing real-time 3D (RT3D) content, is providing the following statement regarding the events surrounding Silicon Valley Bank: \u201cAs Silicon Valley Bank (SVB) has been placed under receivership with the Federal Deposit Insurance Corp (FDIC), Unity is disclosing that less than 5% of our cash and cash equivalents are with SVB, not including any FDIC-insured amounts, and we expect minimal impact on our operations.\u201d About Unity Software Inc. (Unity) Unity is the world\u2019s leading platform for content creators of all sizes to successfully realize their vision. Our comprehensive set of software solutions supports them through the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/unity-issues-statement-regarding-the-events-surrounding-silicon-valley-bank\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739300","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/unity-issues-statement-regarding-the-events-surrounding-silicon-valley-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Unity Issues Statement Regarding the Events Surrounding Silicon Valley Bank SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Unity Software Inc. (NYSE: U), the world\u2019s leading platform for creating and growing real-time 3D (RT3D) content, is providing the following statement regarding the events surrounding Silicon Valley Bank: \u201cAs Silicon Valley Bank (SVB) has been placed under receivership with the Federal Deposit Insurance Corp (FDIC), Unity is disclosing that less than 5% of our cash and cash equivalents are with SVB, not including any FDIC-insured amounts, and we expect minimal impact on our operations.\u201d About Unity Software Inc. (Unity) Unity is the world\u2019s leading platform for content creators of all sizes to successfully realize their vision. 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