Hims & Hers Health, Inc. Not Materially Impacted by Silicon Valley Bank Closure
March 10 2023 - 7:37PM
Business Wire
Hims & Hers Health, Inc. (“Hims & Hers” or the
“Company”) (NYSE: HIMS), the leading health and wellness platform,
is aware of the current actions taken by the Federal Deposit
Insurance Corporation with respect to Silicon Valley Bank (“SVB”).
The Company has limited cash exposure resulting from the liquidity
concerns at SVB. The vast majority of the Company’s cash and
short-term investments are held via third-party custodians other
than SVB. Additionally, the Company does not have any debts or
current lines of credit directly impacted by these events.
About Hims & Hers Health, Inc.
Hims & Hers is the leading health and wellness platform on a
mission to help the world feel great through the power of better
health.
We believe how you feel in your body and mind transforms how you
show up in life. That’s why we’re building a future where nothing
stands in the way of harnessing this power. Hims & Hers
normalizes health & wellness challenges—and innovates on their
solutions—to make feeling happy and healthy easy to achieve. No two
people are the same, so the Company provides access to personalized
care designed for results.
For more information, please visit
https://investors.forhims.com/.
Cautionary Note Regarding Forward-Looking Statements
The Company cautions you that statements included in this report
that are not a description of historical facts are forward-looking
statements. These forward-looking statements include statements
regarding any liquidity concern. The inclusion of forward-looking
statements should not be regarded as a representation by the
Company that any of these results will be achieved. These
forward-looking statements are based on the Company’s current
expectations and beliefs concerning future developments and their
potential effects on the Company. Future developments affecting the
Company may not be those that the Company has anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the Company’s control) and other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include,
but are not limited to, those factors described in the “Risk
Factors” section of each of the Company’s most recently filed
Quarterly Report on Form 10-Q, the Company’s most recently filed
Annual Report on Form 10-K, and any of the Company’s subsequent
filings with the Securities and Exchange Commission (the
“Commission”).
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version on businesswire.com: https://www.businesswire.com/news/home/20230310005431/en/
Investor Relations Alice Lopatto
Investors@forhims.com
Media Relations Press@forhims.com
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