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Stock impact report

Are Webullish On Webull? [Seeking Alpha]

SK Growth Opportunities Corporation (SKGR) 
Company Research Source: Seeking Alpha
Summary The SPAC SK Growth Opportunities announced a business combination agreement with digital brokerage Webull Corporation, which is expected to raise $100 million in proceeds. Upon its listing, Webull is expected to have a pro forma enterprise value of $7.287 billion, assuming no further redemptions by SK Growth Opportunities shareholders, and an implied market cap of $7.852 billion. The parties have until Sep. 30, 2024 to complete the merger, with the option to extend until no later than Mar. 31, 2025, subject to shareholder approval, redemption rights, and mutually agreed consideration to shareholders. grinvalds Originally published on June 20, 2024 Introduction On Feb. 27, 2024, the SPAC SK Growth Opportunities ( NASDAQ: SKGR ) announced a business combination agreement with digital brokerage Webull Corporation, which is expected to raise $100 million in proceeds. The deal, which is supposed to close in the third or fourth quarter, would result in Webull sharehol Show less Read more
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