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Discussion: WEBULL Arbitrage Opportunity — 100% No Downside
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**BULLZ (Webull Corporation Incentive Warrants):** An SEC filing [SEC Filing Details](https://www.sec.gov/Archives/edgar/data/1866364/000121390024017777/ea0200860-425_webullcorp.htm) states BULLZ become exercisable 30 days after the Closing Date of the business combination, set as April 10, 2025. Thus, the exercise start date is **May 10, 2025**.
You need to short for the next 20 or so days to have zero directional risk and make guaranteed profit on any arbitrage spreads.