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ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ:BULL), an online investment platform with a market capitalization of $6.1 billion and a notably high gross profit margin of ~80%, has announced the redemption of all its outstanding incentive warrants (NASDAQ:BULLZ) on June 30, 2025. These warrants, exercisable at $10.00 per share for Class A ordinary shares, will become void if unexercised by 5:00 p.m. New York City time on the Redemption Date, with holders entitled to receive $0.01 per warrant.
The redemption follows the condition in the Warrant Agreement that allows Webull to redeem these warrants if the volume weighted average price of Class A ordinary shares exceeds $18.00 for a specified period, which it has as of May 23, 2025. According to InvestingPro data, the stock currently trades at $13.22 and has shown significant price volatility, with a 52-week range of $9.54 to $79.56.
Holders of the incentive warrants may exercise them before the Redemption Date to purchase shares at the set exercise price. Webull, however, has not made any recommendations to warrant holders regarding the exercise of their warrants. For deeper insights into Webull’s financial health (currently rated as FAIR by InvestingPro) and access to exclusive ProTips, investors can explore the comprehensive Pro Research Report available on InvestingPro.
The redemption and exercise of these warrants are covered under a prospectus included in a Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission (SEC) and declared effective.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information for the redemption and exercise process is based on a press release statement.
In other recent news, Webull Corp reported a notable 32% increase in total revenues for the first quarter of 2025, reaching $117.4 million. The company also achieved a significant rise in adjusted operating profit, which surged to $28.7 million, marking a substantial improvement from the previous year. Despite these strong financial results, Webull’s stock experienced a decline in aftermarket trading, highlighting investor concerns regarding future growth prospects. The company added 800,000 new users, bringing the total to 24.1 million, and saw customer assets rise 45% year-over-year to $12.6 billion. Looking ahead, Webull plans to expand its product offerings, including corporate bond trading and mutual funds support, and aims to broaden its crypto trading in international markets by the second quarter and in the U.S. by the year’s second half. The company also launched Webull Premium, a subscription-based service for active traders and long-term investors, which has already attracted over 40,000 users. Despite a challenging market environment, Webull’s strategic focus on sophisticated retail investors and advanced trading tools has supported its growth. These developments reflect Webull’s ongoing efforts to enhance its platform and expand globally amidst a dynamic market landscape.
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