ITEM 7.01 REGULATION FD

Rimini Street, Inc. (the "Company"), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today issued the following statement in response to investor questions relating to the recent collapse of both Silicon Valley Bank ("SVB") and Signature Bank:

The Company has no banking, credit or other relationship whatsoever with either SVB or Signature Bank.

As of December 31, 2022, the Company had a cash and short-term investments balance of $129.1 million, held with a diverse group of large global and national financial institutions, including HSBC Holdings, Bank of America, Sumitomo Mitsui Financial Group, Capital One Financial Corporation and Banco Bradesco SA. The Company's short-term investments consist of U.S. Treasury Bills and U.S. Government Agency Securities with a portfolio effective duration of less than six months. For more information, the Company's Cash Investment Policy can be found here: https://investors.riministreet.com/static-files/71b132e6-f8b3-4cad-98cc-41f91d620572.

While we do not currently believe that the failure of SVB and/or Signature Bank will have any material impact on the Company's operations or future operating results, we will continue to monitor the situation and any potential or developing impacts on the Company, our clients, prospects, partners and suppliers.

The information presented in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, unless we specifically state that the information is to be considered "filed" under the Exchange Act or specifically incorporate it by reference in any filing under the Securities Act or the Exchange Act.




ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS



(d)  Exhibits.

    Exhibit No.            Exhibit Title

        104                Cover Page Interactive Data File (embedded within the Inline XBRL
                           document)




                                       1

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