Webull Corp (BULL) enters $1 billion standby equity agreement with YA II PN

Webull Corporation (Nasdaq: BULL) ("Webull" or the "Company"), the owner of the Webull online investment platform, announced today that it has secured an important financing option by entering into a standby equity purchase agreement ("Purchase Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors ("Yorkville"). Subject to certain customary conditions, the Purchase Agreement grants Webull the option, at its sole discretion, to issue up to $1.0 billion in Class A ordinary shares to Yorkville over three years. The per share subscription price Yorkville will pay for the shares will be a 2.5% discount to the Market Price (as that term is defined in the Purchase Agreement) during each one-day pricing period elected by the Company. Webull intends to use the Purchase Agreement strategically to raise and deploy capital, using as little or as much as circumstances warrant, when market conditions and business opportunities justify doing so.

"With access to capital available through the Purchase Agreement, Webull is well positioned to pursue new growth opportunities, such as product expansion, new asset classes, and geographic expansion," said Anthony Denier, Group President and U.S. CEO of Webull. "As we survey the evolving market landscape and consider next-generation technologies in the space such as stable coins and real-world asset tokenization, access to capital will be critical to our ability to innovate and compete on the cutting edge going forward."

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