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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.

BREAKING NEWS: Two Utah Entities are Seeking a Combined Total of over $108 Million for Real Estate Work in Weber and Summit Counties, Respectively

BREAKING NEWS: Two Utah Entities are Seeking a Combined Total of over $108 Million for Real Estate Work in Weber and Summit Counties, Respectively

Wolf Creek Resort has floated over $69.4 million in "Special Assessment Bonds" for expanded real estate development work in Weber County, while the Park City School District plans to sell more than $38.6 million in "Lease Revenue Bonds" to finance improvements at Park City

NEWS BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

NEWS BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has announced a new debt offering to raise $500 million in new funds for the market-leading Real Estate Investment Trust (REIT) in the self-storage industry. According to the company news release, the new Extra Space senior notes come with a 5.4%

NEWS BRIEF: Lehi, Utah Man Sentenced to Nine Years in Prison and Five Years of Supervised Release for "Stealing" $3.4 Million from Family and Friends

NEWS BRIEF: Lehi, Utah Man Sentenced to Nine Years in Prison and Five Years of Supervised Release for "Stealing" $3.4 Million from Family and Friends

After pleading guilty in December 2023 to defrauding family members and acquaintances of over $3.4 million over a five-year-period, 60-year-old Mi Siona Patane, of Lehi, Utah was sentenced last week to nine years in prison and five years of supervised release. Although the sealed indictment filed 15 December 2021

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

In this writeup, you'll find info about 27 Utah-based firms and 19 separate executives that we feel we feel made the cut as "newsworthy" in February 2025. This being the case, welcome to this writeup on Utah's Top 27 Monetary, Financial and/or Business

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

If there was any doubt that Wes Swenson is hyper-serious about the data center marketplace, such notions were disabused yesterday morning when his firm, Novva Data Centers, dropped a news release with this bombshell headline: CIM Group and Novva Data Centers Announce $2 Billion in New Financing to Accelerate Growth

NEWS BRIEF: Salt Lake City-based SINTX Technologies Raises $5 Million Gross Proceeds in a Private Placement

NEWS BRIEF: Salt Lake City-based SINTX Technologies Raises $5 Million Gross Proceeds in a Private Placement

Salt Lake City-based SINTX Technologies (NASDAQ:SINT) has raised gross proceeds of $5 million through a private placement and sale of shares and warrants of its common stock to certain "... institutional and accredited investors...." According to the company news release (and the Form 8-K it filed with the

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

On the surface, the news seems pretty straightforward, but it's not. So here's both the straightforward news, as well as the more complex backstory. The Straightforward News: Orem, Utah-based US Synthetic is Being Bought for ~$300 Million Orem, Utah-based US Synthetic is being sold for approximately