Form 4: SK Growth Opportunities Corp Director Reports Share Conversion and Exchange Following Webull Business Combination

Director Michael Noonen 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 with Webull Corporation on April 10, 2025.

Summary

• On April 10, 2025, Michael Noonen, a director of SK Growth Opportunities Corp (SKGR), reported transactions related to the company's business combination with Webull Corporation.
• The transactions involved the conversion of 25,000 Class B ordinary shares into 25,000 Class A ordinary shares on a one-to-one basis.
• Following the conversion, 25,000 Class A ordinary shares were exchanged for Webull Corporation Class A ordinary shares, also on a one-to-one basis, resulting in Noonen holding zero Class A ordinary shares of SK Growth Opportunities Corp.
• These transactions were executed pursuant to the Business Combination Agreement between SK Growth Opportunities Corp, Webull Corporation, Feather Sound I Inc., and Feather Sound II Inc., dated February 27, 2024, as amended.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to a previously announced business combination. The sentiment is neutral as it reflects the completion of a planned transaction.

Future Outlook

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

Industry Context

This announcement reflects the completion of a SPAC merger, a common transaction structure in the financial industry. The conversion and exchange of shares are standard procedures following such mergers, aligning the ownership structure of the SPAC with the newly combined entity.

Stakeholder Impact

• Shareholders of SK Growth Opportunities Corp now hold shares in Webull Corporation as a result of the business combination.
• The completion of the merger impacts the ownership structure of the company.

Key Dates

Keywords

SK Growth Opportunities Corp, Webull Corporation, Business Combination, Class A Ordinary Shares, Class B Ordinary Shares, Director, Share Conversion, Share Exchange, SKGR