M&A: Lynk Global Holdings, Inc.
Form Type: 425
Filing Date: 2024-12-30
Corporate Action: Merger
Type: New
Accession Number: 000121390024113482
Comments: Lynk Global Holdings, Inc. is involved in a business combination with Slam Corp., facilitated by its sponsor, providing a financial structure through loans and a promissory note to ensure funding during the process. An unsecured promissory note of up to US$600,000 has been issued, which matures upon the completion of the business combination. The business combination was registered with the SEC, highlighting significant details of the planned merger including dealings with several parties involved. Shareholders are urged to review all relevant documentation concerning the business combination for detailed information and decision-making. The report contains several forward-looking statements and outlines various risks associated with the completion of the merger, emphasizing the uncertainties in regulatory approvals and market conditions.
Document Link: View Document
Additional details:
Item 2 03: Loan Agreement and Promissory Note
Registration Statement: Form S-4 filed on February 14, 2024
Business Combination Parties: Lynk Global, Slam, Sponsor, Topco, Merger Sub 1, Merger Sub 2
Promissory Note Amount: US$600,000
Promissory Note Maturity: Upon closing of the business combination
Trust Account Contributions: Up to US$300,000 if certain conditions are met
Form Type: 425
Filing Date: 2024-12-13
Corporate Action: Merger
Type: Update
Accession Number: 000121390024108585
Comments: Lynk Global Holdings, Inc. is involved in a business combination with Slam Corp. The filing outlines the procedural updates and changes related to an extraordinary general meeting of Slam Corp., which was adjourned to December 16, 2024. The purpose of the meeting is to vote on proposed amendments to the company's articles of association, including extending the deadline to complete a business combination from December 25, 2024, to January 25, 2025, and allowing further monthly extensions for up to eleven additional months. The report also mentions the expected conversion of Class B ordinary shares held by the Sponsor into Class A ordinary shares on a one-for-one basis and provides information regarding shareholder redemption requests, indicating that 8,942,713 public shares were tendered for redemption. Additionally, it discusses the trust account waivers and the sharing of financial responsibilities if the business combination isn’t completed within the designated timeframe.
Document Link: View Document
Additional details:
Shareholder Meeting Date: 2024-12-16
Redemption Deadline Extension: 2024-12-18, 9:00 a.m.
Number Of Public Shares Tendered: 8,942,713
Expected Class B Conversion: 14,374,000
Business Combination Deadline Extensions: up to 11 additional months
Trust Account Waiver: Company will waive its right to funds in Trust Account for liquidation expenses