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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.

Wags Capital screengrab from Instagram (09-14-23). Image downloaded from Archive.Today on 10-28-24

A Former BYU Linebacker is Arrested on Wire Fraud Charges of $2.0 Million, Then Hindenburg Research Drops a 7,000-Word Bombshell Report to "Shed More Light on Aaron Wagner," Wags Capital, and More

On Wednesday, 23 October 2024, felony wire fraud charges were filed in U.S. District Court, District of Utah against 42-year-old Aaron A. Wagner (a former linebacker at Brigham Young University), alleging the electronic misappropriation of $2.0 million. As noted in the Salt Lake Sheriff's Inmate Database

Roughly Nine Months after Being Named Executive Chairman of Beyond, it's Clear that Marcus Lemonis is the "Man in Charge" as Beyond Unveils Five Major Announcements / Initiatives in the Past Six Weeks

Roughly Nine Months after Being Named Executive Chairman of Beyond, it's Clear that Marcus Lemonis is the "Man in Charge" as Beyond Unveils Five Major Announcements / Initiatives in the Past Six Weeks

What are these five major announcements / initiatives? ONE: A global licensing program; TWO: A Strategic Partnership with, and a $40 million investment in, The Container Store; THREE: A Strategic Partnership with, and up to $25 million in investments into, Kirkland's, including with four separate financial agreements with the

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

Gothenburg, Sweden-based Hexatronic Group has begun operations in its newest production facility, a manufacturing plant located in Ogden, Utah. According to the Hexatronic news release, the company spent ~$30 million over the past 16 months (through its Lexington, Kentucky-based subsidiary, Blue Diamond Industries), to build-out and equip this new 38,

Mo' Bettahs' Owners Decide it's Mo' Bettah to Sell a Majority Equity Stake to Two New Investors: Blue Marlin Partners and Trive Capital

Mo' Bettahs' Owners Decide it's Mo' Bettah to Sell a Majority Equity Stake to Two New Investors: Blue Marlin Partners and Trive Capital

After opening its first Mo' Bettahs Hawaiian Style Food quick serve restaurant in 2008, it took Kimo & Kalani Mack (the co-founder brothers) eight years to reach six total locations in 2016. But in eight additional years (after first engaging with Utah-based investment banker, Crewe Capital), Mo' Bettahs

Salt Lake City-based Vanilla Lands $35 Million in New Investment Round

Salt Lake City-based Vanilla Lands $35 Million in New Investment Round

With over $84 million raised since its 2019 founding, Vanilla helps wealth advisors, planners, and attorneys (and their firms) manage and maximize their estate planning efforts with a purpose-built SaaS platform that now serves over 10,000 end-clients with net worths ranging from $1 million to over $1 billion. Leading

Salt Lake City-based MARAbio has Raised $19 Million in a Series A Round of Funding

Salt Lake City-based MARAbio has Raised $19 Million in a Series A Round of Funding

Salt Lake City, Utah-based MARAbio has just raised a $19.0 round of Series A funding through New York City-based MAK Capital. According to the funding news release, MARAbio is "... a precision immunology company whose mission is to detect, treat and prevent Maternal Autoantibody Related Autism (MARA)." The

NEWS BRIEF: Approximately $292 Million of a New $2.1 Billion Lockheed Martin Space Contract is Slated to be Completed in Magna, Utah

The news is fairly straightforward: The Titusville, Florida-based office of Lockheed Martin Space, a part of Lockheed Martin (NYSE:LMT), has been awarded a new sole source contract worth ~$2.1 billion by the U.S. Navy through its Strategic Systems Programs (SSP) command headquartered in Bethesda, Maryland. As reported