Facing losses stemming from the FTX collapse in November and regulatory inquiries on a number of fronts, Silvergate Capital (SI) on Wednesday evening said the filing of its annual report would be delayed.
The company further said the impact of the losses and regulatory issues call into question its ability to continue as a “going concern.” Shares are down 29% in after-hours trading.
It's not clear if the stakes in the company are directional bets by the traditional finance (TradFi) players and most of the filings were made on Dec. 31, according to FactSet data. There is also no recent data to suggest if the funds remain invested at those levels, given recent volatility in the stock.
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