Webull Completes Merger with SK Growth Opportunities, Begins Trading on Nasdaq
Deal News | Apr 16, 2025 | PR Newswire Cision Webull Corporation
Webull Corporation, the owner of a popular online investment platform, has closed its business combination with SK Growth Opportunities Corporation, a special purpose acquisition company. As a result, Webull is now trading on Nasdaq under the ticker 'BULL'. The merger, approved by SK Growth shareholders, marks a substantial step for Webull, allowing it to expand its services globally. This transaction led to the delisting of SK Growth, which became a wholly owned subsidiary of Webull. Webull's platform offers comprehensive financial products and serves retail investors in 14 markets. Advisors involved in the transaction included Cohen & Company Capital Markets, Kirkland & Ellis LLP, and Wilson Sonsini Goodrich & Rosati.
Sectors
- Financial Services
- Technology
Geography
- United States – Webull is headquartered in the United States and its shares are traded on Nasdaq.
- Global – Webull operates in 14 markets across North America, Asia Pacific, Europe, and Latin America.
Industry
- Financial Services – The article discusses Webull, an online investment platform providing financial services and products.
- Technology – Webull offers a digital investment platform that integrates advanced technology for trading and investment, catering to tech-savvy retail investors.
Financials
- N/A – The article does not disclose specific financial figures related to the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Webull Corporation | Target Company | Company | Webull is an online investment platform known for offering various financial tools and resources to retail investors. |
| SK Growth Opportunities Corporation | Selling Company/Vendor | Company | A special purpose acquisition company involved in the merger with Webull. |
| Cohen & Company Capital Markets | Financial Advisor | Company | Provided financial advisory services for SK Growth during the transaction. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Served as Webull's U.S. legal counsel in the transaction. |
| Wilson Sonsini Goodrich & Rosati | Legal Advisor | Company | Served as SK Growth's U.S. legal counsel in the transaction. |
| Anthony Denier | Executive | Person | Group President and US CEO of Webull. |