SLAM Corp. is a special purpose acquisition company (SPAC) founded by Alex Rodriguez and Himanshu Gulati. It focuses on acquiring companies with high growth potential across various sectors. While not directly involved in manufacturing or launching space technology, SLAM Corp. recently aimed to merge with Lynk Global, a satellite-direct-to-standard-phone telecommunications provider, to help them go public. The merger was intended to allow Lynk Global to expand its "cell towers in space" and potentially list on NASDAQ under the ticker symbol "LYNK".
All verified mentions of this organization in source documents.
Slam Corp and Lynk Global have said they are working on a deal that would value the combined group at $800,000,000.
Slam Corp raised $575,000,000 by listing shares on Nasdaq in February 2021 as a special purpose acquisition company searching for an investment opportunity.
Slam Corp must give $176,000,000 back to investors who opt to redeem shares rather than take a potential stake in Lynk Global.
Lynk Global has not disclosed how much funding it hopes to raise from merging with Slam Corp.
Lynk Global signed a non-binding letter of intent with Slam Corp on 2023-12-18 to form a group expected to be valued at $800,000,000.