Published on 2 Mar 2023 on Decrypt Media via Yahoo Finance
Silvergate Stock Plunges 31% as Crypto Bank Delays SEC Financial Report
Silvergate Capital Corporation, the parent company of Silvergate Bank, delayed its annual 10-K report filing with the U.S. Securities and Exchange Commission on Wednesday, telling the agency it “needs additional time” to allow an independent accounting firm to complete certain audit procedures.
In the filing, Silvergate also cited “a number of circumstances” that will “negatively impact” the timing of the 10-K report.