Webull is going public through a SPAC merger.

Source: Benzinga. The digital investment platform Webull is set to go public through a SPAC merger announced on Wednesday. The digital investment company will merge with the listed SPAC SK Growth Opportunities Corporation (NASDAQ: SKGR). The deal values the digital investment platform company at $7.3 billion. If the merger is approved, the new company will go public under a new stock symbol yet to be disclosed as Micro Bull Company. Webull's investors include General Atlantic, Coatue Management, Lightspeed Venture Partners, and J. Rothschild Capital Management. About Webull: According to the press release, Webull has over 20 million registered users globally. Webull was launched in the United States in 2018 and later expanded to Europe, Latin America, and the Asia-Pacific region. The company states that its business spans across 15 regions worldwide. In 2023, Webull's trading volume reached $370 billion, with 430 million options contracts traded on its platform. SKGR Stock Performance: The stock price rose by 5% on Wednesday to $11.50, with a 52-week trading range of $10.35 to $11.60.