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25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

Last week's lead stories at Utah Money Watch were about Clene, Overstock, Ovation, Qualtrics, and RevRoad. Additionally, we now share quick news updates from last week about eight other Utah-based firms (or people), specifically: Allison Braver (former Olympic speedskater), BYU Law School, EnergySolutions, INW, Lumio, Owlet, Recursion, World

"Venture Services" Firm RevRoad Lands $15 Million in New Funding

"Venture Services" Firm RevRoad Lands $15 Million in New Funding

With more than $25 million in total outside monies now invested in the Provo-based firm, RevRoad looks to accelerate its growth, both in Utah and Florida, home of its second base of operations. Although many might consider RevRoad a "venture accelerator," CEO and Co-Founder, Derrin Hill assured me

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Qualtrics (NASDAQ:XM) is no longer a publicly traded company as Silver Lake and Canada Pension Plan Investment Board (CPP Investments) have acquired the leading "Experience Management" firm. According to my calculations, the per share acquisition price of $18.15/share, coupled with an additional $1 billion investment

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation has now raised $7.2 million over three financing rounds and currently serves over 3,000 restaurant locations. Why? In large part it's because its AI-powered application helps owners and operators to capture diner feedback of up to 25% and provide them with real-time, actionable data. Lehi,

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

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

Limited to physician-issued prescriptions, the BabySat is Owlet's first FDA-Cleared product; additional details will be released by the company at a later date, with sales expected to begin before 2024. As expected by this author, Lehi, Utah-based Owlet (NYSE:OWLT) has received notice from the U.S. Food