Webull Secures $1B Standby Equity Deal For Strategic Growth Initiatives; To Issue Class A Shares At A 2.5% Discount Rate To Market Price Over 3 Years

Company intends on opportunistically using capital for key growth initiatives

ST. PETERSBURG, Fla., July 3, 2025 /PRNewswire/ -- Webull Corporation (NASDAQ:BULL) ("Webull" or the "Company"), the owner of the Webull online investment platform, announced today that it has secured an important financing option by entering into a standby equity purchase agreement ("Purchase Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors ("Yorkville"). Subject to certain customary conditions, the Purchase Agreement grants Webull the option, at its sole discretion, to issue up to $1.0 billion in Class A ordinary shares to Yorkville over three years. The per share subscription price Yorkville will pay for the shares will be a 2.5% discount to the Market Price (as that term is defined in the Purchase Agreement) during each one-day pricing period elected by the Company. Webull intends to use the Purchase Agreement strategically to raise and deploy capital, using as little or as much as circumstances warrant, when market conditions and business opportunities justify doing so.