Webull Financial

Webull Financial appears on the underwriting syndicate of 12 special purpose acquisition company IPOs in our index, including Southern Cross Acquisition II Corp. (SCAT), BOA Acquisition Corp. II (THEO), East West Ave Acquisition Corp. (EWAV) and Southern Cross Acquisition I Corp. (NCO). The full list, with the role credited on each cover page, is in the mandates table on this page.

We have not indexed a book-running credit for Webull Financial; every mandate on record is a co-manager or syndicate position. Bookrunner status is read from the prospectus cover, so a blank can also mean the cover did not separate the roles.

$1.1B of gross proceeds across every offering Webull Financial was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $73.0M, being the units the underwriting agreements assigned to Webull Financial specifically, priced at the $10 standard SPAC unit.

GigCapital9 Corp. (GIX), which raised $256.8M in Jan 2026. Webull Financial was credited as a syndicate member on that offering.

None of the SPACs Webull Financial underwrote has yet reported a completed business combination in the filings we index. 12 remain live and 0 returned their trust.

12 vehicles Webull Financial took public are still live, either searching or working towards an announced combination: Southern Cross Acquisition II Corp. (SCAT), BOA Acquisition Corp. II (THEO), East West Ave Acquisition Corp. (EWAV), Southern Cross Acquisition I Corp. (NCO), Vernal Capital Acquisition Corp. (VECA) and Maywood Acquisition Corp. 2 (MYX). Their combination deadlines are on each profile.

None of Webull Financial's SPAC mandates has resolved yet, so a completion rate would be meaningless. It is left blank rather than shown as zero.

We hold a current quote for none of Webull Financial's closed deals, so no comparison is possible here. Post-merger price history is not part of our dataset, and we would rather say so than imply a ranking the data does not support. What this page does show is the outcome of every vehicle and the trust economics disclosed at the time.

Southern Cross (2 deals), ClearThink (1 deal), East West Ave (1 deal), Future Wealth (1 deal) and GigAcquisitions9 (1 deal). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often D. Boral Capital (12), Dominari (5), Bancroft Capital (4) and Siebert Williams Shank (1). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced Jul 2, 2025 and the most recent Aug 26, 2026. 12 of its vehicles are still live, so the franchise is active.

2026, with 10 mandates worth $710.4M of gross proceeds. The chart on this page shows the full year-by-year run, which for most houses traces the 2020-21 boom and the retreat that followed.

The average offering it has been named on raised $156.1M, against a range from $100.0M to $256.8M. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Generalist (3), Media & Entertainment (3), Technology (3), Industrials (2) and Financial Services (2). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

Nasdaq (9) and NYSE (2). Listing venue is taken from the exchange record on the registrant's SEC profile.

None in our index. Either its vehicles closed a deal or they are still inside their combination window.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from Webull Financial itself.