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NEWS BRIEF: Utah-based Superior Drilling Products has been Acquired for $32.2 Million in Cash and Stock

NEWS BRIEF: Utah-based Superior Drilling Products has been Acquired for $32.2 Million in Cash and Stock

Vernal, Utah-based Superior Drilling Products, previously NASDAQ:SPDI, has been acquired by Houston, Texas-based Drilling Tools International (NASDAQ:DTI) for $32.2 million in cash and stock. DTI is a global oilfield services company, and according to its acquisition news release, one of the benefits of acquiring 31-year-old Superior Drilling

With a Quarter-Billion-Dollars in Federal Monies Now in Hand, Utah Will Lead a $500 Million Electrical Grid Reliability Project Touching 700,000 Customers in Six States and Five Tribal Nations

With a Quarter-Billion-Dollars in Federal Monies Now in Hand, Utah Will Lead a $500 Million Electrical Grid Reliability Project Touching 700,000 Customers in Six States and Five Tribal Nations

With notice from the U.S. Department of Energy of its successful proposal, the State of Utah's Office of Energy Development will now lead a $500 million multi-state effort to boost the reliability of the electrical grid serving 0ver 700,000 customers in six western states and five

Yowza — 94 Utah Companies Make the Inc. 5000 List for 2024, with 64 Repeat Honorees

Between them, these 94 Utah-based firms had a 230% median growth rate, while 64 of the 94 firms were repeat honorees.

Park City, Utah-based EQV Ventures Acquisition Corp. has Raised $350 Million in an IPO Focused on Acquiring a "Going Concern" Through a SPAC Merger

Park City, Utah-based EQV Ventures Acquisition Corp. has Raised $350 Million in an IPO Focused on Acquiring a "Going Concern" Through a SPAC Merger

In a surprise turn of events, a Utah-based startup with no operations completed an Initial Public Offering on the New York Stock Exchange earlier this month, generating $350 million in gross proceeds in the process. According to a company news release published on 06 August 2024, Park City, Utah-based EQV

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. And in this writeup, you'll find info about 11 Utah-based firms and eight separate executives that we feel

NEWS BRIEF: Utah's Green Dot Bank is Fined $44.0 Million by the U.S. Federal Reserve Board

NEWS BRIEF: Utah's Green Dot Bank is Fined $44.0 Million by the U.S. Federal Reserve Board

Citing "... unfair and deceptive acts and practices in violation of Section 5(a)(1) of the FTC Act..." and "... a faulty consumer compliance risk management program ..." (from 2017 through 2022), the Federal Reserve also issued what appears to be a comprehensive Consent Order against Green Dot

But Wait, There's More: Utah-based Recursion Pharmaceuticals is Acquiring UK-based Exscientia for $688 Million in an All-Stock Deal

But Wait, There's More: Utah-based Recursion Pharmaceuticals is Acquiring UK-based Exscientia for $688 Million in an All-Stock Deal

Early yesterday morning (Thursday, 08 August 2024), Salt Lake City, Utah-based Recursion Pharmaceuticals (NASDAQ:RXRX) announced that is "combining" with Oxford, England-based Exscientia (NASDAQ:EXAI) in an all-stock transaction that will create a global tech-enabled drug-development / drug-discovery powerhouse. Under terms of the agreement disclosed in yesterday's