Webull Corporation (ticker: BULL), an online retail trading platform, has experienced extraordinary market activity following its recent SPAC merger with SK Group's SKGR. The company went public on April 11, 2025, and its shares surged as much as 500% in the initial trading sessions, with the stock price rising from $13.25 to a peak of $79.56. This surge gave Webull a market capitalization of nearly $37 billion at its peak, placing it in close valuation proximity to Robinhood Markets, which has a market cap of around $40 billion. Despite the rapid rise, Webull's stock faced substantial volatility, including a sharp decline of over 30% on April 15, 2025, with circuit breaker halts implemented due to the steep drop. Over the first two days of trading post-merger, the stock increased approximately 375%, reflecting intense retail investor speculation. Webull's financials show $390 million in revenue with flat growth, assets under management (AUM) of $13.6 billion (up 65%), and 4.7 million funded accounts, compared to Robinhood's $2.9 billion revenue (up 58%), $193 billion AUM (up 87%), and 25.2 million funded accounts. The company is now officially listed on the Nasdaq exchange. Meanwhile, U.S. lawmakers have increased pressure on the Securities and Exchange Commission (SEC) to investigate Webull, citing concerns over its Chinese ownership and potential national security risks, with calls for possible delisting. This regulatory scrutiny adds to the market uncertainty surrounding the stock, which despite recent declines, remains up over 180% in the past month.