- CEO
- Chung Hun Chin
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 228 Park Avenue S New York City NY United States of America 10003
- IPO Date
- Aug 22, 2022
- Business
- SK Growth Opportunities Corporation (SKGR) is a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company focuses on targets involved in developing or deploying technologies and products that address environmental, social, and governance (ESG)-related issues or operate consistent with ESG principles; it conducts no significant independent operations and generates no revenues. Incorporated as a Cayman Islands exempted company in 2021 and headquartered at 228 Park Avenue South, Suite 96693, New York, New York, SK Growth operates principally in the United States with an emphasis on partnering with innovative teams addressing critical issues through technology.
In a major strategic development, SK Growth completed a definitive business combination with Webull Corporation, a digital investment platform, on April 10, 2025, following shareholder approval on March 30, 2025; this reverse merger transaction resulted in Webull becoming a wholly-owned subsidiary, with SKGR delisted from Nasdaq effective April 11, 2025, and Webull's ordinary shares, warrants, and incentive warrants commencing trading under the ticker BULL. The deal, initially announced in February 2024 and valued at an implied pro forma enterprise value of approximately $7.3 billion, included amendments to non-redemption agreements providing additional shares to certain investors and extensions of the merger deadline from March 31 to April 15, 2025. Post-combination, Webull shareholders retain approximately 98% ownership of the combined entity, enabling expanded global growth for Webull's services across Asia Pacific, Europe, Latin America, and beyond, serving over 20 million registered users with intuitive trading tools, advanced capabilities, zero-commission trades, cryptocurrency offerings, and investment education.