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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.

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

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Sandy, Utah-based Bridge Investment Group Holdings (NYSE:BRDG) has agreed to be acquired by New York City-based Apollo Global Management (NYSE:APO) in an all-stock transaction for ~$1.5 billion. In the 16 years since its formation in 2009, Bridge has become the largest real estate firm in Utah, with

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

Just six months after landing a $5.6 million Seed Round of funding, Lehi, Utah-based Boostly has jumped into the big leagues by accepting what it describes as $22.0 million in "significant ... growth capital" as a Series A round of funding. According to the Boostly news release,

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Lehi, Utah-based Waystar (NASDAQ:WAY) announced yesterday afternoon it would conduct a secondary public offering where its three largest shareholders will sell at least 18 million shares of common stock with gross proceeds of over $800 million, based upon yesterday's closing price of $45.11. According to the

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

According to multiple news reports published over the weekend, Park City, Utah-based Pacific Group Resorts (PGR) has acquired controlling interest in Mesa, Colorado-based Powderhorn Mountain Resort from Denver, Colorado-based Gart Capital Partners and long-time ski industry veteran, Andy Daly. Officially, no financial terms of the acquisition have been published by