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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

NEWS BRIEF: Utah-based rPlus Energies Lands $304 Million in New Financings to Help Drive Renewable Energy Projects

In 2024, rPlus has now raised nearly $1.9 billion in equity and debt financings to support over 1.2 Gigawatts of projects under construction and an additional 15GW in development. Salt Lake City, Utah-based rPlus Energies has landed $304 million in new financings to help it drive construction of

NEWS BRIEF: Utah-based Varex Imaging is Raising $125 Million through the Sale of 7.857% Senior Secured Notes

NEWS BRIEF: Utah-based Varex Imaging is Raising $125 Million through the Sale of 7.857% Senior Secured Notes

One of the world's largest manufacturers of components for medical and industrial X-ray machines, Salt Lake City, Utah-based Varex Imaging (NASDAQ:VREX), has announced plans to raise $125 million through a bond sale. According to its news release earlier this week, Varex expects to sell $125 million of

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

In Utah news not apparently reported previously in the state, Denver, Colorado-based Ovintiv (NYSE:OVV) is selling 126,000 acres of oil-producing land in Utah's Unita Basis for $2.0 billion in cash. According to the recent Ovintiv news release, Ovintiv announced two separate yet interrelated agreements, specifically:

Multiple Yet Unnamed Utah Governmental Entities will Spend at Least $60 Million to Purchase 203* New Heavy-Duty, Zero-Emission Vehicles

Multiple Yet Unnamed Utah Governmental Entities will Spend at Least $60 Million to Purchase 203* New Heavy-Duty, Zero-Emission Vehicles

Although the final combined payment required has not yet been disclosed to complete the planned purchases, several yet unnamed governmental entities in Utah will receive $60 million in federal grant monies to purchase 203* new heavy-duty, zero-emission vehicles. Here's the rest of the story. The U.S. Environmental

Annual Sales for Utah's Crumbl Cookie Empire have Now Surpassed $1 Billion, an Overnight WSJ Story Reports

Annual Sales for Utah's Crumbl Cookie Empire have Now Surpassed $1 Billion, an Overnight WSJ Story Reports

While most Utahns were preparing to be "snuggled in their beds last night," the Wall Street Journal published a tasty, 1,900-word feature story about Lindon, Utah-based Crumbl, the aggressively expanding cookie store franchisor that's now reached over $1 billion in annual sales. Although we at

NEWS BRIEF: Salt Lake City's Vobev Files for Chapter 11 Bankruptcy Protection with over $470 Million in Secured and Unsecured Debt

NEWS BRIEF: Salt Lake City's Vobev Files for Chapter 11 Bankruptcy Protection with over $470 Million in Secured and Unsecured Debt

Utah Bankruptcy Court filings show that Vobev (a Utah-based beverage can manufacturer, filler, and logistics firm) is moving forward with the Court and its debtors on a "Stalking Horse" bid process to fund the company through its voluntary bankruptcy proceedings and then sell-off the company and its assets.

Canadian Mineral Exploration Company, Urano Energy, is Buying 12.7 Square Miles of Prospective Uranium Properties in Utah and Colorado in a Planned $10.6 Million Cash and Stock Purchase

Canadian Mineral Exploration Company, Urano Energy, is Buying 12.7 Square Miles of Prospective Uranium Properties in Utah and Colorado in a Planned $10.6 Million Cash and Stock Purchase

Urano Energy (OTCQB:UECXF), a Vancouver, British Columbia mineral exploration company, has entered into a purchase agreement to buy 12.7 square miles of prospective uranium-holding mining properties in Utah and Colorado for $10.6 million in cash and stock. According to the company news release, the Urano agreement with