SECURITIES AND EXCHANGE COMMISSION
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Item 7.01 Regulation FD Disclosure
Century Therapeutics, Inc. (the “Company”) is aware of the closure of Silicon Valley Bank (“SVB”) and the appointment of the Federal Deposit Insurance Corporation (the “FDIC”) as receiver and the March 12 notice from the Treasury and Federal Reserve. The Company maintains approximately $3 million of cash, cash equivalents and restricted cash with SVB in excess of the FDIC standard deposit insurance limit, which represents less than 1% of the Company’s total cash, cash equivalents, restricted cash and investments.
The information in this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|CENTURY THERAPEUTICS, INC.|
|By:||/s/ Osvaldo Flores, Ph.D.|
|Name:||Osvaldo Flores, Ph.D.|
|Title:||President and Chief Executive Officer|
Date: March 13, 2023