Webull Stock Is Sliding After The Close: What's Going On?

Webull Corp (NASDAQ:BULL) shares are moving lower after the company announced a $1 billion standby equity agreement Thursday after the market close.

What Happened: Webull announced that it secured a financing option through a standby equity purchase agreement with YA II PN, an investment fund managed by Yorkville Advisors.

The agreement gives the company an option to issue up to $1 billion in Class A ordinary shares to Yorkville over a ...