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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.

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

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

On 04 November 2024, Hindenburg Research released a 15,000-word, deep-dive report alleging multiple misdeeds leading up to the April 2024 Initial Public Offering of PACS Group (NYSE:PACS), the Farmington, Utah-based owner, manager and operator of over 310 skilled nursing facilities in 17 states across the United States. Since

NEWS BRIEF: Utah's Extra Space Storage has Raised $300 Million in a Public Offering Selling 5.7% Senior Notes that Mature in April 2028

NEWS BRIEF: Utah's Extra Space Storage has Raised $300 Million in a Public Offering Selling 5.7% Senior Notes that Mature in April 2028

Through a new public offering closed yesterday, Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has raised $300 million by selling 5.7% Senior Notes that "come due" on 01 April 2028. According to its filing yesterday with the U.S. Securities and Exchange Commission via Form 8-K,

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

The Air Force Sustainment Center of the Ogden Air Logistics Center at Hill Air Force Base (Hill AFB) in Roy, Utah and Layton, Utah has awarded a new 10-year contract to five businesses worth up to $751 million. According to the Contracts News page of the U.S. Department of

BREAKING NEWS: The U.S. Army Selects the "Black Widow" Brand Drone from Utah's Teal Drones for a Five-Year Contract Valued at least $79 Million

South Salt Lake, Utah-based Teal Drones, a wholly owned subsidiary of San Juan, Puerto Rico-based Red Cat Holdings (NASDAQ:RCAT), has been awarded a five-year contract from the U.S. Army valued at at least $79 million. According to the news release announcing the selection by the Army, "The