Slam Corp. Files Quarterly Report on Form 10-Q for Period Ended March 31, 2024

TL;DR

<b>Slam Corp. has filed its Q1 2024 10-Q report, confirming compliance with SEC filing requirements and listing its Nasdaq-traded securities.</b>

AI Summary

Slam Corp. (SLAMF) filed a Quarterly Report (10-Q) with the SEC on May 16, 2024. Slam Corp. filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The company is registered in the Cayman Islands with its principal executive offices in New York. Securities registered include Units (SLAMU), Class A ordinary shares (SLAM), and redeemable warrants (SLAMW) on The Nasdaq Stock Market LLC. Slam Corp. has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. The company has also submitted all Interactive Data Files required by Rule 405 of Regulation S-T.

Why It Matters

For investors and stakeholders tracking Slam Corp., this filing contains several important signals. This filing provides investors with the latest financial and operational updates for Slam Corp. for the first quarter of 2024. The report details the company's listed securities and their trading on the Nasdaq Capital Market, offering transparency to shareholders.

Risk Assessment

Risk Level: low — Slam Corp. shows low risk based on this filing. The filing is a routine quarterly report, indicating no immediate significant financial distress or major operational changes that would elevate risk.

Analyst Insight

Monitor future filings for financial performance and strategic updates from Slam Corp.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Form 10-Q)
• 2024-05-16 — Filing Date (Form 10-Q)
• 12 months — Reporting Period for Filings (Indicates compliance with past reporting requirements)
• 90 days — Filing Requirement Period (Indicates recent compliance with filing requirements)

Key Players & Entities

• Slam Corp. (company) — Exact name of registrant
• 0001213900-24-044412 (other) — Accession Number
• 20240331 (date) — Conformed Period of Report
• 0001838162 (other) — Central Index Key
• 4899 (other) — Standard Industrial Classification
• 55 Hudson Yards, 47th Floor, Suite C New York, New York 10001 (location) — Address Of Principal Executive Offices
• SLAMU (other) — Trading Symbol
• SLAM (other) — Trading Symbol

FAQ

Industry Context

Slam Corp. operates within the Communication Services sector, NEC.

Regulatory Implications

The company is subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 and Rule 405 of Regulation S-T for its filings.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Track Slam Corp.'s stock performance (SLAMU, SLAM, SLAMW) on the Nasdaq Capital Market.
3. Monitor future SEC filings for any material updates or changes in business operations.

Year-Over-Year Comparison

This is the quarterly report for the period ended March 31, 2024, following previous filings required by the SEC.

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-fourth of one redeem

Filing Documents

• ea0206136-10q_slam.htm (10-Q) — 511KB
• ea020613601ex31-1_slam.htm (EX-31.1) — 13KB
• ea020613601ex31-2_slam.htm (EX-31.2) — 13KB
• ea020613601ex32-1_slam.htm (EX-32.1) — 4KB
• ea020613601ex32-2_slam.htm (EX-32.2) — 4KB
• 0001213900-24-044412.txt (&nbsp;) — 4255KB
• slam-20240331.xsd (EX-101.SCH) — 47KB
• slam-20240331_cal.xml (EX-101.CAL) — 19KB
• slam-20240331_def.xml (EX-101.DEF) — 254KB
• slam-20240331_lab.xml (EX-101.LAB) — 372KB
• slam-20240331_pre.xml (EX-101.PRE) — 243KB
• ea0206136-10q_slam_htm.xml (XML) — 379KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Financial Statements 1 Condensed Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 1 Condensed Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 2 Condensed Statements of Changes in Shareholders' Deficit for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 3 Condensed Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29 Item 7.

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Financial Statements

Item 1. Condensed Financial Statements SLAM CORP. CONDENSED BALANCE SHEETS March 31, December 31, 2024 2023 (unaudited) Assets: Current assets: Cash $ 93,024 $ 75,550 Prepaid expenses — 263,622 Total current assets 93,024 339,172 Cash held in Trust Account 99,971,523 98,798,296 Total Assets $ 100,064,547 $ 99,137,468 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit: Current liabilities: Accounts payable $ 470,672 $ 339,846 Accrued expenses 3,869,285 2,635,310 Backstop agreement liability 328,985 — Total current liabilities 4,668,942 2,975,156 Promissory Notes—related party 11,119,000 10,682,000 Working Capital Loans—related party 1,474,000 1,474,000 Derivative warrant liabilities 4,627,500 4,884,580 Deferred underwriting commissions 20,125,000 20,125,000 Total liabilities 42,014,442 40,140,736 Commitments and Contingencies Class A ordinary shares subject to possible redemption, $ 0.0001 par value; 9,077,959 shares at redemption value of $ 11.00 and $ 10.87 per share as of March 31, 2024 and December 31, 2023, respectively 99,871,523 98,698,296 Shareholders' Deficit: Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; no non-redeemable shares issued and outstanding as of March 31, 2024 and December 31, 2023 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 14,375,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 1,438 1,438 Additional paid-in capital — — Accumulated deficit ( 41,822,856 ) ( 39,703,002 ) Total shareholders' deficit ( 41,821,418 ) ( 39,701,564 ) Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit $ 100,064,547 $ 99,137,468 The accompa

View Full Filing

View this 10-Q filing on SEC EDGAR