Webull Corporation (NASDAQ:BULL) today announced that it has terminated the standby equity purchase agreement (SEPA) it entered into with YA II PN, Ltd. (“Yorkville”) on July 1, 2025.

Webull 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 $1.0 billion in Class A Ordinary Shares, Webull only issued and sold to Yorkville 11,500,000 Webull Class A Ordinary Shares, raising proceeds of $173.2 million in connection with such sales. Webull has not issued any shares pursuant to the SEPA since September 2025.