Webull Corp (BULL) Form 424B3 — Oct 16, 2026
Webull filed a 424B3 prospectus registering the resale of up to 12,292,419 Class A ordinary shares by Country Group Holdings, the Thai seller from the Pi Securities acquisition that closed August 31, 2026. The shares consist of 7,091,780 consideration shares, 2,363,927 escrow shares, and up to 2,836,712 adjustment shares issued at a deemed price of $8.4605 — well above the $6.295 October 15 close. Webull receives no proceeds from these resales, and sellers are capped at 20% of daily trading volume. The share count represents roughly 2.5% of Class A shares outstanding, creating a moderate overhang on BULL stock.
Key figures
- Total Debt
- 65000000
- Cash Position
- 653188906
- Offering Price
- $8.4605 (deemed Conversion Price; no public offering price)
- Shares Offered
- 12292419
- Shares Outstanding
- 481,812,503 Class A + 58,859,005 Class B
- Escrow shares
- 2363927
- Consideration shares
- 7091780
- Adjustment shares max
- 2836712
- Buyback authorized usd
- 100000000
- Daily volume sales cap
- 20% of daily trading volume
- Buyback repurchased usd
- 10985103
- Closing price oct 15 2026
- 6.295
- Adjustment issuance cap usd
- 24000000
- Sepa terminated proceeds usd
- 173200000
- Resale dilution pct of class A
- 2.5%
- Pi acquisition total consideration usd
- 90000000
- Pi acquisition aggregate 99 36pct cost usd
- 100000000
AI analysis
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