Companies & People

Pure Air North Carolina files Chapter 11 after revenue doubles

CARY — Pure Air North Carolina filed a voluntary Chapter 11 case after reporting $5.4 million in 2025 revenue, more than twice its 2024 total.

September 24, 2026

Companies & People

Intrepid adds 14 bankers, expands Charlotte office to 23

CHARLOTTE — Intrepid Investment Bankers added a 14-person M&A team, expanding its Charlotte office to 23 employees and launching a new practice.

September 24, 2026

Companies & People

Elon, Queens outline Charlotte campus expansion under merger

CHARLOTTE — Elon and Queens outlined a Charlotte campus expansion under their proposed merger, with Elon estimating roughly $100 million in investment.

September 24, 2026

Companies & People

M&F rejects rival proposal ahead of Optus merger vote

DURHAM — M&F Bancorp rejected a rival proposal offering $12 cash plus preferred stock per share as an Oct. 7 vote on its Optus merger approaches.

September 24, 2026

Companies & People

Hornets add over-the-air TV in eight Carolinas markets

CHARLOTTE — Agreements with Gray Media and Sinclair extend Hornets broadcasts beyond Charlotte to eight N.C. and S.C. markets.

September 23, 2026

Companies & People

H3Pelvic wins $2.2 million NIH grant for commercialization

WINSTON-SALEM — The Phase II award gives the medical-device startup funding for early commercialization and user protocols for its investigational pelvic-pain system.

September 23, 2026

Companies & People

Hurricanes land Spectrum carriage for team-owned TV network

RALEIGH — The Hurricanes secured a multi-year Spectrum agreement, giving the team-owned network broad regional cable distribution.

September 23, 2026

Companies & People

Ramona Optics raises $25 million to expand Durham operation

DURHAM — Ramona Optics raised $25 million to scale sales and engineering as the microscope maker moves into a larger downtown office.

September 23, 2026

Companies & People

Blum plans $82 million Lincoln County expansion, 20 jobs

STANLEY — Blum plans an $82 million expansion of its Lincoln County furniture-hardware operation, adding 20 jobs and a 67,000-square-foot showroom and office building.

September 23, 2026

Companies & People

Air Force names NC-developed FQ-44 as Anduril expands Triangle operation

MORRISVILLE — The Air Force has formally named the FQ-44 Fury, a North Carolina-developed autonomous aircraft tied to Anduril's expanding Triangle operation.

September 23, 2026

Companies & People

Kingsdown lands Mattress Firm deal, expects added shifts

MEBANE - Kingsdown's exclusive Wesley collection agreement with Mattress Firm is expected to add production shifts and hiring at its North Carolina operation.

September 22, 2026

Companies & People

Aluma-Form plans $6.7 million Mocksville plant, more than 100 jobs

MOCKSVILLE - Aluma-Form plans to invest $6.7 million and employ more than 100 people as it moves plastic injection molding operations into Davie County.

September 22, 2026

Category: Companies & People