Webull Corp to consolidate crypto entities

Webull will integrate Webull Pay back into the Webull group. This step advances Webull’s plan to reintroduce crypto trading to its global customer base following its launch in Brazil last month. Additional market rollouts are expected to take place later this year, including plans to make crypto trading available in the United States through the Webull app during Q3. The arrangement is structured as a business combination that will result in the parent company of Webull Pay LLC, Webull Pay Inc., becoming a subsidiary of Webull Corp (BULL)oration. The business combination has been approved by a special committee of Webull Corporation’s board and the shareholders of Webull Pay Inc. Closing is subject to customary closing conditions, including regulatory approvals.