Liquidation: SK Growth Opportunities Corp

Form Type: DEF 14A

Filing Date: 2025-03-12

Corporate Action: Liquidation

Type: New

Accession Number: 000121390025022951

Filing Summary: SK Growth Opportunities Corporation is holding an extraordinary general meeting on March 27, 2025, to vote on crucial proposals affecting its operational timeline. These include a proposal to amend their memorandum and articles of association to extend the deadline for consummating a business combination from March 31, 2025, to June 22, 2025, to enable compliance with regulatory approvals related to a Business Combination with Webull Corporation. Additionally, a Trust Amendment Proposal is on the table to extend the liquidation timeline of the trust account holding the proceeds from their initial public offering, also until June 22, 2025. If these proposals are not approved, SK Growth would need to liquidate as it would not be able to complete the Business Combination in time. The document highlights the redemptive rights of shareholders and notes that if the proposals are not passed, SK Growth will be forced into liquidation under Cayman Islands law, ceasing operations and redeeming shareholder interests. The document emphasizes the importance of voting on these proposals to allow the company additional time to secure the necessary regulatory approvals and complete the Business Combination.

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Form Type: PRE 14A

Filing Date: 2025-02-28

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025018332

Filing Summary: SK Growth Opportunities Corporation is holding an extraordinary general meeting to seek shareholder approval for the Extension Amendment Proposal, which proposes to extend the deadline for consummating a business combination from March 31, 2025 to June 22, 2025. This extension is necessary due to potential regulatory delays in the company's ongoing business combination with Webull Corporation. Additionally, the Trust Amendment Proposal aims to extend the date by which the trust account must be liquidated if the business combination is not completed. If the Extension Amendment is not approved, SK Growth would be forced to liquidate its assets, ceasing all operations except for winding up. The meeting will also consider an Adjournment Proposal to allow further solicitation of proxies if necessary. Shareholders can redeem their public shares for a pro rata portion of the Trust Account funds. The trustee for the Trust Account is Continental Stock Transfer & Trust Company. Shareholders are encouraged to vote or provide voting instructions to ensure their shares are represented.

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