secwatch.observer — SEC 8-K summary
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Issuer:     SK Growth Opportunities Corp (—)
CIK:        0001912461
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-049453
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SK Growth Opportunities Corp announces business combination with Webull Corporation
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1912461/000119312524049453/0001193125-24-049453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1912461/000119312524049453/d798354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-049453

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