Webull Completes Business Merge with SK Growth Opportunities
Webull Corporation Announces Successful Business Combination Completion
Shares are trading on Nasdaq under the ticker "BULL".
Webull Corporation (NASDAQ: BULL) has successfully completed its long-awaited business combination with SK Growth Opportunities Corporation (NASDAQ: SKGR), a special purpose acquisition company. This significant transaction marks a new chapter for Webull, which operates a comprehensive online investment platform. Notably, this move was approved by the shareholders of SK Growth and allows Webull to expand its operations.
The practical implications of this business combination are substantial. As of now, SK Growth is a fully owned subsidiary of Webull, and its ordinary shares and warrants have transitioned to Webull’s shares and warrants. Trading of these new shares commenced on Nasdaq, now represented under the tickers "BULL," "BULLW," and "BULLZ." To commemorate this milestone, Webull participated in an opening bell ringing ceremony at Nasdaq, celebrating this noteworthy achievement.
Webull has always set itself apart with its innovative online investment platform, which provides a range of financial products, complete with detailed analytics and data tools. Unlike traditional investment service providers, Webull centers on enhancing the user experience for retail investors globally, aiming to assist them in wealth accumulation through effective investment strategies.
Since its launch in the U.S. in 2018, Webull has rapidly advanced into 13 additional markets spanning Asia Pacific, Europe, and Latin America. To illustrate its growth, the Webull App has been downloaded over 50 million times, boasting a user base exceeding 23 million registered participants worldwide.
“Achieving public company status is a cornerstone moment for Webull,” stated Anthony Denier, Group President and U.S. CEO of Webull. “This transition is designed to cater to an increasing number of digitally adept retail investors who require sophisticated trading partners capable of evolving alongside them. Webull’s dedicated trading and investment features position us as the preferred choice for the next generation of investors eager to engage with the fast-paced world of trading.” Denier expressed gratitude for the entire team’s commitment to advancing their customers' financial success and their mission to make investing more accessible.
Advisory Team
Cohen & Company Capital Markets, a branch of J.V.B. Financial Group, LLC, played a pivotal role as SK Growth’s exclusive financial advisor and lead capital markets consultant. Similarly, Kirkland & Ellis LLP provided legal counsel to Webull in the U.S., while Wilson Sonsini Goodrich & Rosati, Professional Corporation was the legal advisor for SK Growth in the U.S.
Company Overview
Webull Corporation (NASDAQ: BULL) operates a state-of-the-art digital investment platform that leverages advanced global infrastructure. It offers a variety of investment services across 14 markets in North America, Asia Pacific, Europe, and Latin America. Currently, Webull supports over 23 million registered users, granting them access to global markets 24/7. Investors can effectively execute trading strategies related to stocks, ETFs, options, futures, and fractional shares using Webull's intuitive platform, which integrates essential market data, community interactions, and educational resources for its users.
For more detailed information about Webull and its offerings, the company actively engages with the U.S. Securities and Exchange Commission (SEC), submitting reports including those on Form 6-K and annual reports on Form 20-F.
Contact for Investor Relations
Webull Investor Relations
For inquiries, please reach us via the provided email address.
Media Contact
5W Public Relations
Media inquiries can be directed to Nicholas Koulermos at our contact number.
Frequently Asked Questions
What is the significance of Webull's merger with SK Growth?
The merger allows Webull to enhance its services, expand its market position, and cater to a growing number of digitally savvy investors.
How did Webull's user base grow since its inception?
Since launching in 2018, Webull has expanded into multiple international markets, resulting in more than 23 million registered users globally.
What services does Webull offer?
Webull provides various investment services including trading in stocks, ETFs, options, futures, and fractional shares, alongside analytical tools for investors.
When did Webull officially start trading on NASDAQ?
Webull began trading on NASDAQ after the successful completion of its business combination in early April.
Who were the advisors involved in this business combination?
Cohen & Company Capital Markets acted as the financial advisor for SK Growth, while Kirkland & Ellis LLP provided legal support to Webull during this transition.
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