[25-NSE] Webull Corporation Incentive Warrant SEC Filing
On 30 June 2025, Nasdaq Stock Market LLC filed a Form 25 to remove Webull Corp鈥檚 Incentive Warrants (symbol BULLZ) from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The exchange certifies compliance with Rule 12d2-2(b), and the issuer confirms adherence to Rule 12d2-2(c) for voluntary withdrawal. Once the filing becomes effective, the warrants will cease trading on Nasdaq and their SEC registration will terminate, materially reducing secondary-market liquidity and market visibility for warrant holders.
Il 30 giugno 2025, Nasdaq Stock Market LLC ha presentato un Modulo 25 per rimuovere i Warrant Incentivo di Webull Corp (simbolo BULLZ) dalla quotazione e dalla registrazione ai sensi della Sezione 12(b) del Securities Exchange Act del 1934. La borsa certifica la conformit脿 alla Regola 12d2-2(b), mentre l'emittente conferma l'adesione alla Regola 12d2-2(c) per il ritiro volontario. Una volta che la presentazione sar脿 efficace, i warrant cesseranno di essere negoziati su Nasdaq e la loro registrazione presso la SEC terminer脿, riducendo significativamente la liquidit脿 nel mercato secondario e la visibilit脿 di mercato per i detentori dei warrant.
El 30 de junio de 2025, Nasdaq Stock Market LLC present贸 un Formulario 25 para retirar los Warrants Incentivo de Webull Corp (s铆mbolo BULLZ) de la cotizaci贸n y registro bajo la Secci贸n 12(b) de la Ley de Bolsa de Valores de 1934. La bolsa certifica el cumplimiento con la Regla 12d2-2(b), y el emisor confirma la adhesi贸n a la Regla 12d2-2(c) para la retirada voluntaria. Una vez que la presentaci贸n sea efectiva, los warrants dejar谩n de negociarse en Nasdaq y su registro ante la SEC terminar谩, reduciendo significativamente la liquidez en el mercado secundario y la visibilidad para los tenedores de warrants.
2025雲� 6鞗� 30鞚�, 雮橃姢雼� 歃濌秾瓯半灅靻� LLC電� Webull Corp鞚� 鞚胳劶韹半笇 鞗岆煱韸�(鞁臣 BULLZ)毳� 1934雲� 歃濌秾瓯半灅氩� 靹轨厴 12(b)鞐� 霐半澕 靸侅灔 氚� 霌彪鞐愳劀 鞝滌櫢頃橁赴 鞙勴暣 Form 25毳� 鞝滌稖頄堨姷雼堧嫟. 瓯半灅靻岆姅 攴滌箼 12d2-2(b) 欷�靾橂ゼ 鞚胳頃橁碃, 氚滍枆靷姅 鞛愲皽鞝� 觳犿殞毳� 鞙勴暅 攴滌箼 12d2-2(c) 欷�靾橂ゼ 頇曥澑頄堨姷雼堧嫟. 鞝滌稖鞚� 須牓鞚� 氚滌儩頃橂┐ 鞗岆煱韸鸽姅 雮橃姢雼レ棎靹� 瓯半灅臧� 欷戨嫧霅橁碃 SEC 霌彪鞚� 膦呺霅橃柎, 鞗岆煱韸� 氤挫湢鞛愲摛鞚� 2彀� 鞁滌灔 鞙犽彊靹标臣 鞁滌灔 臧�鞁滌劚鞚� 韥矊 臧愳唽頃橁矊 霅╇媹雼�.
Le 30 juin 2025, Nasdaq Stock Market LLC a d茅pos茅 un formulaire 25 pour retirer les bons d'incitation de Webull Corp (symbole BULLZ) de la cotation et de l'enregistrement en vertu de la section 12(b) du Securities Exchange Act de 1934. La bourse certifie la conformit茅 脿 la r猫gle 12d2-2(b), et l'茅metteur confirme son adh茅sion 脿 la r猫gle 12d2-2(c) pour un retrait volontaire. Une fois le d茅p么t effectif, les bons cesseront d'锚tre n茅goci茅s sur le Nasdaq et leur enregistrement aupr猫s de la SEC prendra fin, r茅duisant consid茅rablement la liquidit茅 sur le march茅 secondaire et la visibilit茅 pour les d茅tenteurs de bons.
Am 30. Juni 2025 reichte die Nasdaq Stock Market LLC ein Formular 25 ein, um die Incentive Warrants der Webull Corp (Symbol BULLZ) von der Notierung und Registrierung gem盲脽 Abschnitt 12(b) des Securities Exchange Act von 1934 zu entfernen. Die B枚rse best盲tigt die Einhaltung der Regel 12d2-2(b), und der Emittent best盲tigt die Einhaltung der Regel 12d2-2(c) f眉r den freiwilligen R眉ckzug. Sobald die Einreichung wirksam wird, werden die Warrants nicht mehr an der Nasdaq gehandelt und ihre SEC-Registrierung endet, was die Liquidit盲t am Sekund盲rmarkt und die Marktpr盲senz f眉r die Warranthalter erheblich verringert.
- None.
- Nasdaq filed Form 25 to delist Webull Corp鈥檚 Incentive Warrants, ending exchange trading and SEC registration.
- Delisting reduces liquidity, transparency and market visibility for existing warrant holders.
Insights
TL;DR 鈥� Nasdaq is delisting Webull鈥檚 Incentive Warrants; liquidity and valuation risk rise.
The Form 25 signals that Webull Corp鈥檚 Incentive Warrants will no longer trade on Nasdaq, eliminating an exchange venue for price discovery. While the filing states procedural compliance, it offers no rationale such as low activity, corporate action or listing rule violations, leaving holders exposed to heightened liquidity risk and potential valuation discounts. For equity investors, the move is neutral, but for warrant holders it is clearly negative because secondary-market exit options contract sharply.
TL;DR 鈥� Form 25 meets technical rules; delisting effective after SEC processing.
The document confirms Nasdaq鈥檚 and the issuer鈥檚 adherence to Rules 12d2-2(b) and (c), satisfying legal prerequisites for delisting without SEC objection. No additional regulatory or litigation issues are disclosed, suggesting this is a straightforward procedural filing rather than a contested action. Nonetheless, termination of Section 12(b) registration removes periodic reporting requirements for the warrant class, which diminishes transparency for investors.
Il 30 giugno 2025, Nasdaq Stock Market LLC ha presentato un Modulo 25 per rimuovere i Warrant Incentivo di Webull Corp (simbolo BULLZ) dalla quotazione e dalla registrazione ai sensi della Sezione 12(b) del Securities Exchange Act del 1934. La borsa certifica la conformit脿 alla Regola 12d2-2(b), mentre l'emittente conferma l'adesione alla Regola 12d2-2(c) per il ritiro volontario. Una volta che la presentazione sar脿 efficace, i warrant cesseranno di essere negoziati su Nasdaq e la loro registrazione presso la SEC terminer脿, riducendo significativamente la liquidit脿 nel mercato secondario e la visibilit脿 di mercato per i detentori dei warrant.
El 30 de junio de 2025, Nasdaq Stock Market LLC present贸 un Formulario 25 para retirar los Warrants Incentivo de Webull Corp (s铆mbolo BULLZ) de la cotizaci贸n y registro bajo la Secci贸n 12(b) de la Ley de Bolsa de Valores de 1934. La bolsa certifica el cumplimiento con la Regla 12d2-2(b), y el emisor confirma la adhesi贸n a la Regla 12d2-2(c) para la retirada voluntaria. Una vez que la presentaci贸n sea efectiva, los warrants dejar谩n de negociarse en Nasdaq y su registro ante la SEC terminar谩, reduciendo significativamente la liquidez en el mercado secundario y la visibilidad para los tenedores de warrants.
2025雲� 6鞗� 30鞚�, 雮橃姢雼� 歃濌秾瓯半灅靻� LLC電� Webull Corp鞚� 鞚胳劶韹半笇 鞗岆煱韸�(鞁臣 BULLZ)毳� 1934雲� 歃濌秾瓯半灅氩� 靹轨厴 12(b)鞐� 霐半澕 靸侅灔 氚� 霌彪鞐愳劀 鞝滌櫢頃橁赴 鞙勴暣 Form 25毳� 鞝滌稖頄堨姷雼堧嫟. 瓯半灅靻岆姅 攴滌箼 12d2-2(b) 欷�靾橂ゼ 鞚胳頃橁碃, 氚滍枆靷姅 鞛愲皽鞝� 觳犿殞毳� 鞙勴暅 攴滌箼 12d2-2(c) 欷�靾橂ゼ 頇曥澑頄堨姷雼堧嫟. 鞝滌稖鞚� 須牓鞚� 氚滌儩頃橂┐ 鞗岆煱韸鸽姅 雮橃姢雼レ棎靹� 瓯半灅臧� 欷戨嫧霅橁碃 SEC 霌彪鞚� 膦呺霅橃柎, 鞗岆煱韸� 氤挫湢鞛愲摛鞚� 2彀� 鞁滌灔 鞙犽彊靹标臣 鞁滌灔 臧�鞁滌劚鞚� 韥矊 臧愳唽頃橁矊 霅╇媹雼�.
Le 30 juin 2025, Nasdaq Stock Market LLC a d茅pos茅 un formulaire 25 pour retirer les bons d'incitation de Webull Corp (symbole BULLZ) de la cotation et de l'enregistrement en vertu de la section 12(b) du Securities Exchange Act de 1934. La bourse certifie la conformit茅 脿 la r猫gle 12d2-2(b), et l'茅metteur confirme son adh茅sion 脿 la r猫gle 12d2-2(c) pour un retrait volontaire. Une fois le d茅p么t effectif, les bons cesseront d'锚tre n茅goci茅s sur le Nasdaq et leur enregistrement aupr猫s de la SEC prendra fin, r茅duisant consid茅rablement la liquidit茅 sur le march茅 secondaire et la visibilit茅 pour les d茅tenteurs de bons.
Am 30. Juni 2025 reichte die Nasdaq Stock Market LLC ein Formular 25 ein, um die Incentive Warrants der Webull Corp (Symbol BULLZ) von der Notierung und Registrierung gem盲脽 Abschnitt 12(b) des Securities Exchange Act von 1934 zu entfernen. Die B枚rse best盲tigt die Einhaltung der Regel 12d2-2(b), und der Emittent best盲tigt die Einhaltung der Regel 12d2-2(c) f眉r den freiwilligen R眉ckzug. Sobald die Einreichung wirksam wird, werden die Warrants nicht mehr an der Nasdaq gehandelt und ihre SEC-Registrierung endet, was die Liquidit盲t am Sekund盲rmarkt und die Marktpr盲senz f眉r die Warranthalter erheblich verringert.
FAQ
What SEC form did Webull Corp (BULLZ) file on 30 June 2025?
Which Webull Corp security is being delisted from Nasdaq?
Does the Form 25 confirm regulatory compliance for the delisting?
Is an effective delisting date provided?
How might the delisting affect warrant holders?
