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 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 were down over 4% in recent trading.
Price: 12.62, Change: -0.60, Percent Change: -4.54
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