Shares of Webull Corp (NASDAQ:BULL) are trading lower Monday afternoon after the company detailed a new committed equity financing agreement in an SEC filing on Friday. While the deal provides significant potential capital, it also raises concerns about shareholder dilution.
What To Know: The filing outlines a standby equity purchase agreement with an affiliate of Yorkville Advisors. Under the agreement, Webull has the right, but not the obligation, to sell up to $1 billion of its Class A ordinary shares to the investor over a 36-month period. The shares would be sold at a 2.5% discount to the market price.
