SK Growth Opportunities Corp

SK Growth Opportunities Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded on December 8, 2021 and is headquartered in New York, NY.

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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.

Are Webullish On Webull?

A Nasdaq-listed blank-check company formed by Korean billionaire Chey Tae-won's SK conglomerate is acquiring Webull Corp., a Chinese-owned online broker rival to Robinhood Markets, the companies said on Wednesday.

SK Group's SPAC To Merge With Online Trading Platform Webull In $7.3 Billion Deal

The New York-based online brokerage will combine with SK Growth Opportunities Corporation (SKGR) in the second half of the year.

Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

Webull Corporation is the owner of the popular Webull platform, which provides a full suite of financial products including in-depth data and analytic tools to 20 million registered users globally Comprehensive product offerings with competitive pricing, including zero-commission trading in the United States and low trading commissions in other markets Proposed transaction represents an implied pro forma enterprise value of approximately $7.3 billion for the combined company ST. PETERSBURG, Fla.

Webull Corporation, a Leading Digital Investment Platform, to Publicly List Through Business Combination with SK Growth Opportunities Corporation (NASDAQ: SKGR)

News for SK Growth Opportunities Corp Stock (SKGR)