Webull Corporation said on Wednesday that it has completed its business group with Sk Growth Forts Corporation, as it was first identified as a company publicly circulated in Nasdaq under the Ticker “bull”.
The deal, which is approved by SK growth shareholders on March 30, believes that SK growth becomes a fully owned by Webul.
As part of the SPAC deal, the shares and regular notes of SK Growth have been converted into that of Webul.
As of April 11, regular stocks at Webl began and incentive orders in trading under “Bull”, “Bullw” and “Bullz” indicators, respectively.
The company revealed that it kept the teacher through the opening bell ringing on the Nasdaq Stock Exchange.
Webul was founded in the United States in 2018, and has since expanded to 13 additional markets across Asia, Pacific, Europe and Latin America.
Its application has now been downloaded more than 50 million times, with more than 23 million registered users worldwide.
The company platform offers many financial products with a focus on user experience, market data and investment tools for retailers.
“To become a public circulating company is a milestone in the history of Webul,” said Anthony Denier, head of the group and CEO of the company. “This next step will put us on our company’s journey to serve the increasing number of experienced retailers with experience and cunning who are demanding a more sophisticated commercial partner in retail that can grow with them and serve them over decades.“
Cohen & Company Capital Markets worked as a financial advisor for SK growth, while Kirkland & Elis Llp and Wilson Sonsini Goodrich & Rosati have provided legal advisers.