M&A - Slam Corp.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000121390025044236

Filing Summary: Slam Corp., a blank check company, is moving towards a potential merger with Lynk Global, Inc. A non-binding letter of intent was signed on December 18, 2023, proposing that Lynk's equity holders will roll 100% of their equity into the combined public entity. The agreement indicates the company is actively engaged in finding a business combination, necessitated by the impending end of the business combination period, set for June 25, 2025. The document also details the company's financial performance and a net loss of $692,220 for the quarter ending March 31, 2025. The report includes an overview of the liquidity challenges faced as the company relies on funding from its sponsor, and highlights steps taken to extend the deadline for completing the merger process, underscoring the urgency of advancing negotiations for the business combination.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Merger

Type: New

Accession Number: 000121390025032191

Filing Summary: Slam Corp. is a blank check company incorporated in the Cayman Islands pursuing a merger or similar business combination with one or more entities. As of the latest fiscal year ending December 31, 2024, Slam Corp. has no operating history or revenues. On February 4, 2024, it entered into a Business Combination Agreement to merge with Lynk Global, Inc., which involves a series of transactions culminating in the transfer of registration from the Cayman Islands to Delaware, the conversion of existing shares into new shares of Topco, and mergers with subsidiary entities. The detailed structure includes the survivorship of Merger Sub 1, and Lynk emerging as a subsidiary of Topco following Merger Sub 2's conversion and subsequent merger. Potential risks include the company’s limited operating history, substantial doubt about its ability to continue as a going concern, and various factors affecting future performance, including market conditions and the ability to consummate the business combination. The trading of its Class A shares began on OTCQX in September 2024, and as of April 10, 2025, there are 16,140,267 Class A ordinary shares outstanding.

Form Type: 8-K

Filing Date: 2024-12-30

Corporate Action: Merger

Type: New

Accession Number: 000121390024113477

Filing Summary: On December 27, 2024, Slam Corp. announced a business combination with Lynk Global, Inc., involving multiple parties including Lynk Global Holdings, Inc. and associated entities. The transaction is being facilitated through a definitive proxy statement and a proposed registration statement filed with the SEC. Key highlights include a commitment from Slam Sponsor, LLC to provide significant financial support to the company in the form of a $600,000 unsecured promissory note to fund operations through the transition period. This Business Combination is contingent on various shareholder approvals, with a planned completion by March 25, 2025. The filing also discusses the implications of the merger, including potential impacts on shareholder structure and financial health.