Webull Announces $1 Billion Standby Equity Agreement
- On July 3, 2025, in Petersburg, Florida, Webull Corporation disclosed that it has finalized a financing arrangement with YA II PN, Ltd., allowing the company to raise up to $1 billion by issuing Class A ordinary shares over a three-year period.
- Webull secured a financing arrangement that allows the company to raise up to $1 billion by selling Class A ordinary shares over a three-year period, with shares priced at a 2.5% discount to the prevailing market value.
- The company intends to leverage this capital to drive growth by broadening its product portfolio, entering additional asset categories, and extending its presence into new regional markets as market technologies continue to evolve.
- Anthony Denier, Webull's Group President and U.S. CEO, emphasized that securing funds through the Purchase Agreement enables the company to explore opportunities for expansion, including broadening product offerings, entering new asset markets, and expanding geographically.
- Following the announcement, Webull shares declined 4.27% in after-hours trading, closing at $13.69, reflecting market reaction to this financing move and future uncertainties.
Insights by Ground AI
Does this summary seem wrong?
46 Articles
46 Articles
All
Left
7
Center
15
Right
4
Coverage Details
Total News Sources46
Leaning Left7Leaning Right4Center15Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 27%
C 58%
15%
Factuality
To view factuality data please Upgrade to Premium