---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-049453"
form_type: "8-K"
ticker: null
cik: "0001912461"
company_name: "SK Growth Opportunities Corp"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:41:57.278101+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SK Growth Opportunities Corp announces business combination with Webull Corporation

## Summary
- Definitive agreement to combine with Webull Corp; Webull shareholders to receive shares in combined company with 5.4732 split factor.
- Sponsor to forfeit up to 2M Class B shares; insiders subject to 12-month lock-up on post-merger shares.
- SPAC shareholders who do not redeem receive one incentive warrant per non-redeemed share.
- Closing targeted by March 31, 2025; subject to SPAC and Webull shareholder approvals and regulatory clearances.
- Dual-class structure gives Webull founders 20 votes per Class B share; Class A holds one vote.

## SEC filing metadata
- accession: 0001193125-24-049453
- form_type: 8-K
- cik: 0001912461
- company_name: SK Growth Opportunities Corp
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1912461/000119312524049453/0001193125-24-049453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1912461/000119312524049453/d798354d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-049453
- JSON: https://secwatch.observer/filing/0001193125-24-049453.json
- Plain text: https://secwatch.observer/filing/0001193125-24-049453.txt

## Key facts
- Material Agreements
  SK Growth Opportunities Corp entered into Business Combination Agreement with Webull Corporation (effective 2024-02-27).
  - Action: entry
  - Agreement: merger
  - Counterparty: Webull Corporation
  - Effective: 2024-02-27
  source text: On February 27, 2024, SK Growth Opportunities Corporation, an exempted company limited by shares incorporated under the laws of the Cayman Islands (“ SPAC ”), Webull Corporation, an exempted company limited by shares incorporated under the laws of the Cayman Islands (“ Webull ” or the “ Company ”), Feather Sound I Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Webull (“ Merger Sub I ”) and Feather Sound II Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Webull (“ Merger Sub II ”, collectively with Merger Sub I, the “ Merger Subs ” and each a “ Merger Sub ”) entered into a business combination agreement (the “ Business Combination Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000119312524049453/0001193125-24-049453-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.