Audinate Group (ASX:AD8) confirms no known exposure to SVB

Audinate Group (ASX:AD8) has announced it doesn't have banking facilities or investments with Silicon Valley Bank (SVB), and have no other known exposure to SVB.

Audinate Group is a company that provides professional AV solutions, including Dante media networking solutions, which allow for the transmission of AV signals across large distances using Ethernet cables.

It is headquartered in Australia, with regional offices in the US, UK, Belgium, and Hong Kong.

Its ordinary shares are currently traded at $8.70.