Webull Corp Completes Business Combination
Ticker: BULLW · Form: 6-K · Filed: Apr 14, 2025 · CIK: 1866364
Sentiment: neutral
Topics: business-combination, spac, closing
Related Tickers: SKGR
TL;DR
Webull Corp is officially public after closing its business combination deal.
AI Summary
Webull Corporation, previously SK Growth Opportunities Corporation (SKGR), announced the closing of its business combination on April 14, 2025. The business combination agreement, initially dated February 27, 2024, was amended on December 5, 2024, and March 31, 2025, involving SKGR, Webull Corporation, and Feather Sound I Inc.
Why It Matters
This filing marks the official closing of the business combination, signifying a significant step in Webull Corporation's journey as a publicly traded entity.
Risk Assessment
Risk Level: medium — The filing details a business combination, which inherently carries integration and execution risks, though specific financial risks are not detailed here.
Key Players & Entities
- Webull Corporation (company) — The company completing the business combination.
- SK Growth Opportunities Corporation (company) — The SPAC that entered into the business combination agreement.
- SKGR (company) — Abbreviation for SK Growth Opportunities Corporation.
- Feather Sound I Inc. (company) — A party involved in the business combination.
- February 28, 2024 (date) — Date the initial business combination agreement was entered into.
- December 5, 2024 (date) — Date of the first amendment to the business combination agreement.
- March 31, 2025 (date) — Date of the second amendment to the business combination agreement.
- April 14, 2025 (date) — Date the business combination was closed.
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing is to report the closing of the business combination between SK Growth Opportunities Corporation (SKGR) and Webull Corporation.
When was the initial business combination agreement signed?
The initial business combination agreement was signed on February 27, 2024.
How many times was the business combination agreement amended?
The business combination agreement was amended twice, on December 5, 2024, and March 31, 2025.
What is Webull Corporation's principal executive office address?
Webull Corporation's principal executive office is located at 200 Carillon Parkway, St. Petersburg, Florida 33716.
Which form does the registrant indicate it files annual reports under?
The registrant, Webull Corporation, indicates it files annual reports under Form 20-F.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 14, 2025 regarding Webull Corp (BULLW).