Form 4: SK Growth Opportunities Corp Director Payne Martin J. Reports Share Conversion and Exchange Following Business Combination with Webull

Director Payne Martin J. reports the conversion of Class B ordinary shares to Class A ordinary shares and the subsequent exchange of Class A ordinary shares for Webull Corporation Class A ordinary shares following the completion of the business combination between SK Growth Opportunities Corp and Webull.

Summary

• On April 10, 2025, SK Growth Opportunities Corp consummated its business combination with Webull Corporation.
• Director Payne Martin J. reported transactions related to this combination.
• 25,000 Class B ordinary shares were converted into 25,000 Class A ordinary shares on a one-to-one basis.
• Subsequently, 25,000 Class A ordinary shares were cancelled and exchanged for Webull Corporation Class A ordinary shares on a one-to-one basis.
• Following these transactions, Payne Martin J. holds 0 Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a previously announced business combination, which is generally viewed favorably. There are no indications of negative outcomes or surprises.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the business combination.

Industry Context

This announcement reflects the completion of a SPAC merger, a common route for private companies like Webull to go public. The conversion and exchange of shares are standard procedures in such transactions.

Stakeholder Impact

• Shareholders of SK Growth Opportunities Corp now hold shares in Webull Corporation.
• The business combination is expected to provide Webull with access to public markets and potentially more capital for growth.

Key Dates

Keywords

Business Combination, Webull, SK Growth Opportunities Corp, Share Conversion, Share Exchange, Form 4, Director, Payne Martin J.