Naked Wines PLC (AIM:WINE, OTCQX:NWINF) said no loss is expected from the failure of Silicon Valley Bank (SVB), while its liquidity position remains "robust".
The company said it has £32mln of gross cash, £17mln of which is immediately available.
It confirmed that it held cash with SVB, which is also the administrative agent for a £50mln (US$60mln) asset-backed credit facility.
However, by its own calculations, less than £0.6mln is considered to be potentially at risk from the collapse of the lender.
A total of £14mln held in a cash sweep account should be returned to the wine retailer under the terms of its contract. A further £17mln is deposited with "multiple" other banks.
Chief executive Nick Devlin said: "We are announcing today that day-to-day operations are unaffected and we don't expect to incur any loss as a result.
“Whilst this situation remains fluid, we maintain a robust balance sheet with approximately £185mln of stock and £17mln of immediately accessible cash.
“We remain focussed on delivering for our customers and winemakers and continuing to execute against the pivot to profit strategy announced in October."