Webull Ditches Crypto Amid SEC Hassle - SPAC to the Rescue! ๐
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Hey crypto enthusiasts! ๐ Webull's rollercoaster ride in the IPO world takes a turn โ no thanks to the SEC's cold vibes on their crypto ventures. ๐๐
Webull's CEO spilled the beans, blaming their IPO rejections on crypto ties. The SEC, not exactly throwing confetti their way. ๐๐คทโโ๏ธ
Webull waves goodbye to crypto services, selling off their digital asset business, citing the SEC's foggy stance on broker-dealers in the crypto game. Bye-bye, crypto trading on Webull! ๐๐ผ
Don't despair, though! ๐ Webull's still in the crypto loop, teaming up with Bakkt through Webull Pay App. It's like a crypto rebound but with a different dance partner. ๐๐บ
Unlike Webull, Robinhood nailed the crypto-IPO combo, flexing those crypto muscles since 2018. IPO success, crypto intact โ Robinhood, you sly fox! ๐ฆ๐ช
Now, Webull's eyeing Nasdaq via a $7.3 billion SPAC deal with SK Growth Opportunities Corp. SPACs, the cool kids' IPO โ less stress, upfront valuation, more swag. ๐ผ๐ฐ
SKGR stocks, the backstage pass to Webull's Nasdaq debut, trading at $11.11. Up 1.18% โ slow clap for the SPAC magic! ๐๐
But hold your crypto horses! ๐ The deal's still in the oven, waiting for the shareholder and regulatory thumbs-up. Stay tuned for the grand Webull Corporation debut! ๐๐
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Disclaimer: Handle crypto with care. This post is for entertainment and info only. Your financial decisions are yours โ own 'em! ๐จ๐ผ #Webull #CryptoDrama #SPACMagic