Webull Corporation (BULL) has secured a significant financing option by entering into a standby equity purchase agreement with YA II PN, Ltd., an investment fund managed by Yorkville Advisors.
Subject to customary conditions, this agreement allows Webull to issue up to $1.0 billion in Class A ordinary shares to Yorkville over three years.
The subscription price per share will be at a 2.5% discount to the Market Price during each one-day pricing period selected by the company.
Webull intends to use this agreement strategically to raise and deploy capital as needed. The company plans to utilize the capital flexibly, depending on market conditions and business opportunities.
With this capital access, Webull is well positioned to pursue growth opportunities including product expansion, new asset classes, and geographic expansion, said Anthony Denier, Group President and U.S. CEO of Webull.