Webull Corporation, operator of the online trading platform Webull, has entered into a standby equity purchase agreement with YA II PN, a fund managed by Yorkville Advisors. Under the terms of the agreement, Webull may issue up to $1 billion in Class A ordinary shares to Yorkville over three years. The purchase price for the shares will reflect a 2.5% discount to the market price, as determined during one-day pricing periods selected by the company. This arrangement allows Webull to raise capital at its discretion based on market conditions and operational needs.
The company plans to utilize this funding flexibility to support business expansion and strategic initiatives. Anthony Denier, Group President and U.S. CEO of Webull, stated, "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.” He added that as the company considers innovations such as stablecoins and tokenized real-world assets, funding will play a vital role. Webull currently operates in 14 markets across North America, Asia Pacific, Europe, and Latin America, serving over 24 million registered users with a platform offering access to stocks, ETFs, options, futures, and digital assets.
