Sign in Subscribe

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.

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

With news last Thursday that Bankruptcy Court had approved Overstock's $21.5 million "Stalking Horse Bid" to acquire the assets of Bed Bath & Beyond, the price of OSTK shares jumped from $21.19 to $25.87 in less than a day, boosting Overstock's

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene sold 50 million shares of stock, each coupled with two warrants, at a total price of $0.80 per unit. Canacord Genuity served as sole bookrunner on the offering, and after expenses, Clene will receive ~$37.4 million in net proceeds. Salt Lake City-based Clene (NASDAQ:CLNN) closed a

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

The Huntsman Cancer Institute has received a $75 million donation dedicated to creating a second headquarters, and related facilities, in Vineyard, Utah. According to the Institute's news release, the $75 million gift was made by the Huntsman Foundation and is "... the largest single gift by the Jon

Lehi's Limble Lands $58 Million Series B Round of Funding Led by Goldman Sachs

Lehi's Limble Lands $58 Million Series B Round of Funding Led by Goldman Sachs

Limble is a leading developer in the computerized maintenance management system Software-as-a-Service application industry. And with this new funding, Limble has achieved a $450 million valuation on year-over-year (YoY) revenue growth of 130% with over 50,000 maintenance professionals using the Limble app today. Lehi, Utah-based Limble has closed a

Rio Tinto Boosts Investment Commitment to $973 Million to Grow Kennecott Copper Mine Output

Rio Tinto Boosts Investment Commitment to $973 Million to Grow Kennecott Copper Mine Output

It's clear the company is starting underground exploration and mining at Kennecott, something it has not done previously.

Publicly Traded Verb Technology Announces $6.5 Million Sale of its Direct Sales and Life Sciences SaaS Apps

Publicly Traded Verb Technology Announces $6.5 Million Sale of its Direct Sales and Life Sciences SaaS Apps

Verb also disclosed it has signed a non-binding Letter-of-Intent to acquire an unnamed eCommerce firm that produced ~$9.5 million in gross merchandise value for 2022 and was cashflow positive Lehi, Utah-based Verb Technology Company (NASDAQ:VERB) today announced that as of 13 June 2023 it has sold its direct

Is Vernal's Superior Drilling Products Inc. for Sale? Could be, as its Board Hires an Investment Banker and Explores a "Range of Strategic Alternatives."

Is Vernal's Superior Drilling Products Inc. for Sale? Could be, as its Board Hires an Investment Banker and Explores a "Range of Strategic Alternatives."

Vernal, Utah-based Superior Drilling Products (NYSE: SPDI) today announced it has hired Piper Sandler, a $2 billion investment banker, to help the company explore a "range of strategic alternatives." Superior Drilling is a 30-year-old firm that generated over $19 million in revenue in fiscal 2022 (ended December 31)