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.
The merger deal between SLAM Corp. and Lynk Global officially ended in July 2025 amid mutual lawsuits due to allegations of misrepresentations and hidden liquidity problems.
SLAM Corp. was delisted from Nasdaq in August 2024 after 99.2% of shareholders redeemed their shares, reducing the trust from $1 billion to $23.4 million.
Investors who purchased shares in SLAM Corp. at a price of $10 experienced a significant loss of principal.
SLAM Corp. currently trades over-the-counter at a fraction of its original value.
Slam Corp extended its merger deadline with Lynk Global by three months to 2024-03-25 as reflected in a 2024-12-26 regulatory filing.
Slam Corp originally had until February 2023 to complete a merger.
Slam Corp must refund $81,000,000 to investors who redeemed shares instead of seeking a stake in Lynk Global.
Slam Corp raised $575,000,000 from listing shares on Nasdaq in February 2021 to search for an investment opportunity.
Slam Corp extended its merger deadline by a year and received a non-binding letter of intent to merge with Lynk in December 2023.
The Lynk Global merger with Slam Corp aims to raise at least $110,000,000 for the constellation.
Lynk Global has until 2024-12-25 to merge with the special purpose acquisition company Slam Corp in a deal that aims to raise at least $110,000,000 for Lynk’s constellation.
Slam Corp originally had until February 2024 to merge with another company.
Lynk Global received a four-month extension to merge with Slam Corp.
Slam Corp returned a sizable chunk of capital to investors who redeemed their shares rather than take a stake in Lynk Global after going public in 2021.
Lynk Global agreed to merge with Slam Corp. to raise money and list its shares on Nasdaq.
The merger deal between Lynk Global and Slam Corp. includes a minimum cash agreement of $110,000,000.
Slam Corp. has less than $99,000,000 in trust following investor redemptions from its 2021 stock debut.
Slam Corp. raised $575,000,000 in its 2021 stock debut.
Lynk Global is considering merging with Slam Corp., a SPAC led by Alex Rodriguez, to join the public market.
Slam Corp announced a non-binding letter of intent on 2023-12-18 to merge with Lynk Global and sought permission to extend the merger deadline up to 2024-12-25.