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ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ:BULL), a $6.46 billion market cap company that has seen its stock surge nearly 24% in the past week, announced Thursday it has entered into a standby equity purchase agreement with YA II PN, Ltd., an investment fund managed by Yorkville Advisors, providing the company with the option to issue up to $1 billion in Class A ordinary shares over a three-year period. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 2.72.
The agreement allows Webull to access capital at its discretion, with Yorkville paying a 2.5% discount to the market price during each one-day pricing period selected by the company.
According to Anthony Denier, Group President and U.S. CEO of Webull, the agreement positions the company to pursue growth opportunities including product expansion, new asset classes, and geographic expansion. The company has demonstrated strong execution with revenue growth of 11.41% and maintains a healthy gross profit margin of nearly 80%, as reported by InvestingPro.
"As we survey the evolving market landscape and consider next-generation technologies in the space such as stable coins and real-world asset tokenization, access to capital will be critical to our ability to innovate and compete on the cutting edge going forward," Denier said in the press release.
Webull, which operates a digital investment platform, currently serves more than 24 million registered users across 14 markets globally. The platform offers trading in stocks, ETFs, options, futures, fractional shares, and digital assets. With a strong financial health score and seven additional key insights available on InvestingPro, the company maintains a solid balance sheet with minimal debt and a current ratio of 1.29.
The company stated it intends to use the purchase agreement strategically, raising and deploying capital as market conditions and business opportunities warrant.
The agreement is subject to certain customary conditions, according to the company statement.
In other recent news, Webull Corporation reported a 32% increase in revenue for the first quarter of 2025, reaching $117.4 million. The company also saw its adjusted operating profit rise significantly to $28.7 million, driven by growth in user numbers and customer assets. Webull has re-entered the cryptocurrency market, starting with Brazil, through a partnership with Coinbase, and plans to expand this offering to the United States in the coming months. Additionally, Webull announced the redemption of its incentive warrants set for June 30, 2025, allowing holders to purchase shares at a fixed price before the deadline. In a strategic move to bolster its governance, Webull appointed Walter Bishop, a finance veteran, to its Board of Directors. The board now includes six members, two of whom are independent. These developments reflect Webull’s ongoing efforts to enhance its financial offerings and expand its market reach.
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