IPO - Webull Corp
Form Type: F-1/A
Filing Date: 2025-05-08
Corporate Action: Ipo
Type: Update
Accession Number: 000121390025040764
Filing Summary: Webull Corporation filed an amendment to its registration statement under the Securities Act of 1933, indicating their intent to sell up to 147,445,012 Class A Ordinary Shares, along with various warrants. The document details various holders of the securities and outlines the terms of the Business Combination that has led to this offering. It specifies that certain securities are available for sale but cautions that the offering is not an active solicitation until the registration statement becomes effective. Webull is highlighted as an emerging growth company and a controlled company, which influences its compliance with Nasdaq corporate governance rules. Furthermore, the document elaborates on the various classes of shares, their market prices, and the potential financial implications of the securities being offered on the market price of Webull's stocks.
Additional details:
Approximate Date Of Commencement Of Proposed Sale: As soon as practicable after the effective date of this registration statement.
Number Of Class A Shares: 147,445,012
Number Of Private Warrants: 6,792,000
Number Of Incentive Warrants: 20,000,000
Number Of Shares Underlying Warrants: 17,271,990
Number Of Shares Underlying Incentive Warrants: 20,913,089
Emerging Growth Company: Yes
Lock Up Restrictions: 30 days, 1 year, and 180 days after the Closing Date for different securities
Last Reported Prices: {"class_a_ordinary_shares":"$14.55","warrants":"$2.49","incentive_warrants":"$3.81"}
Percentage Of Total Outstanding Shares: 27.6%
Concentration Of Voting Power: 81.43%
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