10:41 AM EDT, 05/29/2025 (MT Newswires) -- Webull ( BULL ) said Thursday that it will redeem all outstanding incentive warrants exercisable for class A shares at an exercise price of $10.00 per share on Jun 30.

The warrants were issued following the closing of its business combination. In April, Webull ( BULL ) closed a merger with special purpose acquisition company SK Growth Opportunities.

The company has the right to redeem the warrants after the 30-day volume-weighted average price of its class A shares exceeded $18 as of May 23.

Shares of Webull ( BULL ) were down over 4% in recent trading.

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