NEW YORK , Dec. 6, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating SK Growth Opportunities Corporation (NASDAQ: SKGR ), relating to the proposed merger with Webull Corp. Under the terms of the agreement, shares of SK Growth will be converted into shares of Webull Corp. Click here for more https://monteverdelaw.com/case/sk-growth-opportunities-corporation-skgr/.
The SPAC SK Growth Opportunities announced a business combination agreement with digital brokerage Webull Corporation, which is expected to raise $100 million in proceeds. Upon its listing, Webull is expected to have a pro forma enterprise value of $7.287 billion, assuming no further redemptions by SK Growth Opportunities shareholders, and an implied market cap of $7.852 billion. The parties have until Sep. 30, 2024 to complete the merger, with the option to extend until no later than Mar. 31, 2025, subject to shareholder approval, redemption rights, and mutually agreed consideration to shareholders.