--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-25-031274" form_type: "8-K" ticker: null cik: "0001912461" company_name: "SK Growth Opportunities Corp" filed_at: "2025-04-14T23:59:59+00:00" generated_at: "2026-05-23T15:41:50.818223+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # SKGR completes business combination with Webull; new trading symbols BULL, BULLW, BULLZ ## Summary - Business combination closed April 10, 2025; Webull now public on Nasdaq under BULL (Class A), BULLW (warrants), BULLZ (incentive warrants) effective April 11. - Webull outstanding: 378.5M Class A shares, 83.0M Class B shares, 17.3M warrants, 20.9M incentive warrants. - Existing Webull shareholders locked up 180 days; initial shareholders locked up one year; early release possible if stock exceeds $12.00 for 20 of 30 days after 150 days. - Anquan Wang holds 81.43% voting power, controlled company status; board includes Wang, Haichen Wang, Benjamin Worthy James; prior SKGR directors and officers resigned. - Registration rights agreement grants demand/piggyback rights; Webull to file resale prospectus and F-1 resale shelf within 15 business days. ## SEC filing metadata - accession: 0001213900-25-031274 - form_type: 8-K - cik: 0001912461 - company_name: SK Growth Opportunities Corp - filed_at: 2025-04-14T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/ea0238129-8k_skgrowth.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-25-031274 - JSON: https://secwatch.observer/filing/0001213900-25-031274.json - Plain text: https://secwatch.observer/filing/0001213900-25-031274.txt ## Key facts - Executive change Martin Payne departed as Director at SK Growth Opportunities Corp. - Action: ceased to be - Role: Director source text: each of Richard Chin, Derek Jensen, Speaker John Boehner, Martin Payne and Michael Noonen ceased to be a director of SKGR evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Speaker John Boehner departed as Director at SK Growth Opportunities Corp. - Action: ceased to be - Role: Director source text: each of Richard Chin, Derek Jensen, Speaker John Boehner, Martin Payne and Michael Noonen ceased to be a director of SKGR evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Derek Jensen resigned as Chief Financial Officer at SK Growth Opportunities Corp. - Action: resigned - Role: Chief Financial Officer source text: Mr. Jensen resigned as Chief Financial Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Haichen Wang was appointed as Director at SK Growth Opportunities Corp. - Action: will serve as - Role: Director source text: Mr. Anquan Wang, Mr. Haichen Wang and Mr. Benjamin Worthy James will serve as directors of Merger Sub II, the Surviving Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Benjamin Worthy James was appointed as Director at SK Growth Opportunities Corp. - Action: will serve as - Role: Director source text: Mr. Anquan Wang, Mr. Haichen Wang and Mr. Benjamin Worthy James will serve as directors of Merger Sub II, the Surviving Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Michael Noonen departed as Director at SK Growth Opportunities Corp. - Action: ceased to be - Role: Director source text: each of Richard Chin, Derek Jensen, Speaker John Boehner, Martin Payne and Michael Noonen ceased to be a director of SKGR evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Anquan Wang was appointed as Director at SK Growth Opportunities Corp. - Action: will serve as - Role: Director source text: Mr. Anquan Wang, Mr. Haichen Wang and Mr. Benjamin Worthy James will serve as directors of Merger Sub II, the Surviving Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Derek Jensen departed as Director at SK Growth Opportunities Corp. - Action: ceased to be - Role: Director source text: each of Richard Chin, Derek Jensen, Speaker John Boehner, Martin Payne and Michael Noonen ceased to be a director of SKGR evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Richard Chin departed as Director at SK Growth Opportunities Corp. - Action: ceased to be - Role: Director source text: each of Richard Chin, Derek Jensen, Speaker John Boehner, Martin Payne and Michael Noonen ceased to be a director of SKGR evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - Executive change Richard Chin resigned as Chief Executive Officer at SK Growth Opportunities Corp. - Action: resigned - Role: Chief Executive Officer source text: Mr. Chin resigned as Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm - M&A Transactions SK Growth Opportunities Corp underwent a change of control involving Webull Corporation (closed 2025-04-10). - Action: change of control - Counterparty: Webull Corporation - Closing: 2025-04-10 source text: On April 10, 2025 (the "Closing Date"), pursuant to the Business Combination Agreement, immediately prior to the effective time of the First Merger (the "First Merger Effective Time"), (i) immediately prior to the Share Subdivision (as defined below), each preferred share of Webull issued and outstanding immediately prior to the First Merger Effective Time converted into one ordinary share of Webull, par value $0.0001 per share (the "Pre-Subdivision Ordinary Share," and together with the preferred shares of Webull, the "Pre-Subdivision Shares") (the "Conversion"); (ii) immediately following the Conversion, the fifth amended and restated memorandum and articles of association of Webull (the "Webull Articles") was adopted and became effective (the "Charter Amendment"); evidence_url: https://www.sec.gov/Archives/edgar/data/1912461/000121390025031274/0001213900-25-031274-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.