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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.

Some 30 Months on, Utah's Mercato Partners Completes Merger of its "Blank Check" Company with a Brazilian Firm

Some 30 Months on, Utah's Mercato Partners Completes Merger of its "Blank Check" Company with a Brazilian Firm

Almost exactly 2.5 years after one of Utah's largest and most successful investment and private equity firms filed paperwork with the SEC about its intent to conduct an IPO of its Special Purpose Acquisition Company, Mercato Partners Acquisition Corporation has now completed its "SPAC Merger"

Utah-based Medical Marijuana Firm, Kindly MD, has Filed Paperwork for an IPO

Utah-based Medical Marijuana Firm, Kindly MD, has Filed Paperwork for an IPO

Murray, Utah-based Kindly MD, a three-year-old medical marijuana firm registered and licensed by the state of Utah, has quietly filed documentation with the U.S. Securities and Exchange Commission signifying its intent to raise monies via an Initial Public Offering. According to Kindly MD's Form S-1, the company

Utah's Top 16 Business "News Nuggets" for September 01—22, 2023.

Utah's Top 16 Business "News Nuggets" for September 01—22, 2023.

AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. This is why we regularly take time to bundle a number of these announcements into semi-regular write-ups focused on

Pending Bankruptcy Court Approval Today, the Burger King Company will Purchase 17 Utah Stores Back from its Franchisee: Ogden, Utah-based Meridian Restaurants Unlimited

Pending Bankruptcy Court Approval Today, the Burger King Company will Purchase 17 Utah Stores Back from its Franchisee: Ogden, Utah-based Meridian Restaurants Unlimited

With 116 Burger King franchise units then spread across nine states, Ogden, Utah-based Meridian Restaurants Unlimited filed for Chapter 11 bankruptcy protection on 2 March 2023. Since March, Meridian has sought, and gained, approval from the U.S. Bankruptcy Court (District of Utah) to shutter nine under-performing stores. But now,

At $768 Million in Research Funding for Fiscal 2023, the University of Utah Sets a New Funding Record

At $768 Million in Research Funding for Fiscal 2023, the University of Utah Sets a New Funding Record

From a base of $388.5 million in FY 2014, researchers at the UofU have snagged nearly $5.5 billion in total research funding over the past decade, nearly doubling annual research monies in just 10 years At $768 million, the University of Utah has just set a new record

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

The offer to acquire Clarus' ammunition business was made on 15 September 2023 via a letter delivered by its Executive Chairman, Warren B. Kanders, to the Clarus board of directors comes "... following certain informal, exploratory discussions ..." between he and the company. Additionally, Kanders also notified the Clarus

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

Just 22 months after its launch, and with $7 million in outside funding, Kaysville, Utah-based The Picklr just exploded onto the franchising scene with 13 franchisee partners now signed with commitments for its first 80+ franchise locations across 11 states — with more franchise units coming, its execs say. With a