Brief: Webull Corporation To Publicly List Through Business Combination With SK Growth Opportunities Corporation

Webull

28/02/2024 14:17

Feb 28 (Reuters) - SK Growth Opportunities Corp
 SKGR.O :
    * WEBULL CORPORATION, A LEADING DIGITAL INVESTMENT PLATFORM,
TO
PUBLICLY LIST THROUGH BUSINESS COMBINATION WITH SK GROWTH
OPPORTUNITIES CORPORATION (NASDAQ: SKGR)
    * SK GROWTH OPPORTUNITIES CORP: PROPOSED TRANSACTION
REPRESENTS AN
IMPLIED PRO FORMA ENTERPRISE VALUE OF ABOUT $7.3 BILLION FOR
COMBINED CO
    * SK GROWTH OPPORTUNITIES CORP: PROPOSED TRANSACTION DOES
NOT
INCLUDE A MINIMUM CASH CONDITION
    * SK GROWTH OPPORTUNITIES CORP: RESPECTIVE BOARDS OF
DIRECTORS OF
WEBULL AND SK GROWTH HAVE UNANIMOUSLY APPROVED PROPOSED
TRANSACTION
    * SK GROWTH OPPORTUNITIES: COMBINED CO WILL RETAIN NAME AS
'WEBULL
CORPORATION'; ORDINARY SHARES EXPECTED TO BE LISTED ON NASDAQ
UNDER NEW TICKER SYMBOL

Source text for Eikon:  ID:nCNWRZ57ba 
Further company coverage:  SKGR.O 

 ((Reuters.Briefs@thomsonreuters.com;))