All verified mentions of this organization in source documents.
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.
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 raised $575,000,000 from listing shares on Nasdaq in February 2021 to search for an investment opportunity.
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 must refund $81,000,000 to investors who redeemed shares instead of seeking a stake in Lynk Global.
Slam Corp extended its merger deadline by a year and received a non-binding letter of intent to merge with Lynk in December 2023.
Slam Corp originally had until February 2023 to complete a merger.
The Lynk Global merger with Slam Corp aims to raise at least $110,000,000 for the constellation.
Slam Corp originally had until February 2024 to merge with another company.
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 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 received a four-month extension to merge with Slam Corp.
The merger deal between Lynk Global and Slam Corp. includes a minimum cash agreement of $110,000,000.
Slam Corp. raised $575,000,000 in its 2021 stock debut.
Slam Corp. has less than $99,000,000 in trust following investor redemptions from its 2021 stock debut.
Lynk Global has not disclosed how much funding it hopes to raise from merging with Slam Corp.
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 originally had until February 2023 to merge with another company and extended that deadline to February 2024.