Webull Announces Closing of Business Combination Transaction with SK Growth Opportunities Corporation | BULL Stock News

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Apr 16, 2025
  • Webull (BULL, Financial) successfully completed its business combination with SK Growth Opportunities, starting trading on Nasdaq on April 11, 2025.
  • The platform boasts over 23 million registered users globally, with more than 50 million downloads.
  • Webull operates in 14 international markets, highlighting its expansive reach.

Webull Corporation (NASDAQ: BULL), a prominent online investment platform, has finalized its merger with SK Growth Opportunities Corporation, a special purpose acquisition company. This strategic business combination was approved on March 30, 2025, and inaugurated Webull's trading on Nasdaq under the ticker symbols “BULL,” “BULLW,” and “BULLZ” starting April 11, 2025.

Launched in 2018, Webull quickly expanded beyond its U.S. origins to cover 14 markets across North America, Asia Pacific, Europe, and Latin America. The platform offers a comprehensive suite of financial products and in-depth analytical tools, catering to the demands of sophisticated retail investors.

With over 23 million registered users and 50 million app downloads worldwide, Webull's intuitive platform supports a robust user experience designed for building long-term wealth. This user base represents a nearly 46% conversion rate from app downloads to registered accounts, indicating significant engagement.

Becoming publicly traded marks a pivotal milestone for Webull, as it seeks to enhance its access to capital for future growth initiatives. This move is particularly noteworthy given the challenging climate recently faced by SPAC-related transactions. Webull distinguishes itself through its focus on advanced trading tools and investor education, targeting experienced retail investors seeking comprehensive market insights.

Webull's executive team expressed gratitude for the dedication of their workforce and reaffirmed their commitment to empower retail investors with a dynamic and accessible investing experience. Investors and market analysts will be looking forward to Webull's upcoming financial disclosures to evaluate its competitive stance within the burgeoning retail trading platform landscape.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.