Webull Corporation filings document the reporting framework for a foreign private issuer that operates a global digital investment and brokerage platform. Form 6-K reports furnish earnings releases, investor presentations, share repurchase disclosures, financing agreement updates and other current information that may be incorporated into registration statements.
The company’s disclosure record also includes annual reporting on Form 20-F and registration statements such as Form S-8 and Form F-3. These filings address audited financial statements, securities registration matters, Class A ordinary share capital actions, governance, forward-looking statement qualifications and risk factors tied to technology infrastructure, third-party systems, security events, global operations and regulatory environments.
Webull Corp: Wang Anquan reports beneficial ownership of 96,796,752 Class A ordinary shares, representing 18.2% of the Class A shares referenced in the filing. The reported total includes direct holdings, shares held by related entities, 83,859,005 Class A shares issuable upon conversion of Class B shares, 754,616 Class A shares issuable upon settlement of RSUs, and 9,691,467 shares over which voting control is held via a proxy agreement.
Webull Corporation registers for resale up to 147,445,012 Webull Class A Ordinary Shares, up to 6,792,000 Webull Private Warrants, and up to 20,000,000 Webull Incentive Warrants pursuant to registration rights granted in connection with its Business Combination.
The prospectus covers resale by selling securityholders and issuance of up to 17,271,990 Class A shares underlying Webull Warrants exercisable at $11.50, and up to 20,913,089 Class A shares underlying Incentive Warrants. The filing states proceeds received to date from warrant exercises of approximately $213.8 million in aggregate and discloses that Webull will not receive proceeds from secondary sales by the selling securityholders.
Webull Corporation has authorized a share repurchase program allowing it to buy back up to $100 million of its Class A ordinary shares over the next 12 months. Repurchases may occur through open market purchases, block trades or privately negotiated deals, funded by existing cash and future cash flow.
The timing and total amount of buybacks will be determined by Webull’s capital position, liquidity, financial performance, share price, regulatory requirements and market conditions. The company is not required to repurchase a set number of shares and may modify, suspend or discontinue the program at any time.
Webull Corporation files Post-Effective Amendment No. 2 converting its previously effective Form F-1 registration statement into a Form F-3 and updating the prospectus to register resales of up to 147,445,012 Webull Class A Ordinary Shares, up to 6,792,000 Webull Private Warrants and up to 20,000,000 Webull Incentive Warrants. The prospectus permits selling securityholders to offer and sell those securities from time to time pursuant to registration rights tied to the Business Combination; no new securities are being registered in this amendment. The prospectus states that Webull will not receive proceeds from resale by the selling securityholders, but has received proceeds from prior warrant exercises and could receive up to $111.3 million if remaining Webull Warrants are exercised for cash at $11.50 per share. The filing also discloses capitalization figures as of December 31, 2025, governance status as a Cayman Islands foreign private issuer and a Nasdaq "controlled company," and highlights potential market pressure from the resale of a substantial portion of outstanding securities.
HOULIHAN WILLIAM A reported acquisition or exercise transactions in this Form 4 filing.
Webull Corp director William A. Houlihan received a grant of 42,471 Restricted Share Units (RSUs). These RSUs were granted on April 13, 2026 and each represents a contingent right to receive one Class A Ordinary Share if service conditions are met.
The RSUs are scheduled to vest on April 10, 2027, subject to Houlihan’s continued service with Webull through that date. Settlement of the vested RSUs has been deferred at Houlihan’s election to the earlier of the fifth anniversary of the grant date or 30 days after his separation from service.
Webull Corp director William A. Houlihan increased his direct equity stake through share-based compensation. On April 10, 2026, 12,500 restricted share units were exercised into 12,500 Class A Ordinary Shares at no cash exercise price, leaving no remaining units from that grant.
On the same date, he also received a separate award of 4,719 Class A Ordinary Shares, bringing his direct holdings to 17,219 Class A Ordinary Shares after these transactions. The filing reflects compensation-related equity awards rather than open-market buying or selling.
Webull Corporation filed its Form 20-F annual report outlining 2025 performance and key risks. The company reported net losses attributable to ordinary shareholders of $487.5 million in 2025 and $517.8 million in 2024, after preferred share accretion and warrant-related fair value.
Trading-related income is central to the model, with payment for order flow generating $304.1 million in 2025 and $197.1 million in 2024, equal to 53.3% and 50.5% of total revenue. This concentration exposes Webull to potential U.S. regulatory changes that could restrict or indirectly pressure PFOF economics.
As of December 31, 2025, Webull had 440,715,769 Class A and 83,859,005 Class B ordinary shares outstanding; Class B carries 20 votes per share. Founder and CEO Anquan Wang beneficially owned 16.4% of ordinary shares, representing 79.2% of voting power as of March 31, 2026, giving him effective control. The filing also describes several FINRA, SEC, and state settlements totaling over $5 million, plus ongoing regulatory and political scrutiny, including concerns about China links and newer products such as event-based contracts and cryptocurrencies.