On February 28, 2024, SK Growth Opportunities Corporation (SK Growth), a publicly traded special purpose acquisition company, and Webull Corporation (Webull), a leading digital investment platform, announced a business combination through which Webull will become a publicly listed company. The transaction values the combined business at a pro forma enterprise value of approximately $7.3 billion, assuming no further redemptions by SK Growth shareholders. A wholly-owned subsidiary of SK Inc., a leading global conglomerate based in the Republic of Korea, is the anchor investor in SK Growth’s sponsor. Webull is the owner of the popular Webull platform, which provides a full suite of financial products to 20 million registered users globally.

Wilson Sonsini Goodrich & Rosati represented SK Growth in the transaction. The Wilson Sonsini team includes:

Corporate
Dan Ouyang
Robert Day
Ethan Lutske
Lianna Whittleton
Ke Li
Kenji A. Strait
Veronica Liu
TJ Tingjie Li
Celia Li
Caiti VerBrugge
Jing Zhang

Tax
Myra Sutanto Shen
Anjali Krishnan

Privacy and Cybersecurity
Matthew Staples
Daniel Chen

Technology Transactions
Christopher A. Paniewski
Atussa Simon

Fintech and Financial Services
Neel Maitra

Regulatory
Kimberley Biagioli

Employee Benefits and Compensation
Matthew C. Norgard

For more information, please see the press release.