Webull terminates standby equity purchase agreement with YA II PN, Ltd.

Webull (BULL) announced that it has terminated the standby equity purchase agreement it entered into with YA II PN, Ltd. on July 1, 2025. The company delivered to Yorkville a notice of termination for the SEPA on April 1, 2026, which became effective on April 6, 2026. At the time of the termination, there were no outstanding advance notices, no shares to be issued, and no amounts owed by either party under the SEPA. While the SEPA allowed Webull to issue up to $1B in Class A Ordinary Shares, Webull only issued and sold to Yorkville 11,500,000 Webull Class A Ordinary Shares, raising proceeds of $173.2M in connection with such sales. Webull has not issued any shares pursuant to the SEPA since September 2025.