Slam Corp. Files Q3 2024 10-Q Report
Ticker: SLAMF · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1838162
Sentiment: neutral
Topics: 10-Q, quarterly-report, sec-filing
TL;DR
Slam Corp. 10-Q filed Nov 19 for Q3 2024. Check financials.
AI Summary
Slam Corp. filed its 10-Q report for the quarterly period ended September 30, 2024. The company is incorporated in the Cayman Islands and its principal executive offices are located at 55 Hudson Yards, New York, NY. The filing was made on November 19, 2024, under SEC file number 001-40094.
Why It Matters
This 10-Q filing provides investors with an update on Slam Corp.'s financial performance and operational status for the third quarter of 2024.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant risk-altering information.
Key Players & Entities
- Slam Corp. (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- November 19, 2024 (date) — Filing date
- 001-40094 (other) — SEC File Number
- Cayman Islands (location) — Jurisdiction of incorporation
- 55 Hudson Yards, 47th Floor, Suite C New York, New York 10001 (address) — Principal Executive Offices
- (646) 762-8580 (phone_number) — Registrant's telephone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarterly period ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 19, 2024.
What is Slam Corp.'s SEC file number?
Slam Corp.'s SEC file number is 001-40094.
Where are Slam Corp.'s principal executive offices located?
Slam Corp.'s principal executive offices are located at 55 Hudson Yards, 47th Floor, Suite C, New York, New York 10001.
In which jurisdiction is Slam Corp. incorporated?
Slam Corp. is incorporated in the Cayman Islands.
Filing Stats: 4,669 words · 19 min read · ~16 pages · Grade level 16.3 · Accepted 2024-11-19 16:19:20
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-fourth of one redeem
Filing Documents
- ea0220930-10q_slam.htm (10-Q) — 624KB
- ea022093001ex31-1_slam.htm (EX-31.1) — 12KB
- ea022093001ex31-2_slam.htm (EX-31.2) — 12KB
- ea022093001ex32-1_slam.htm (EX-32.1) — 4KB
- ea022093001ex32-2_slam.htm (EX-32.2) — 4KB
- 0001213900-24-100170.txt ( ) — 4628KB
- slamu-20240930.xsd (EX-101.SCH) — 44KB
- slamu-20240930_cal.xml (EX-101.CAL) — 20KB
- slamu-20240930_def.xml (EX-101.DEF) — 248KB
- slamu-20240930_lab.xml (EX-101.LAB) — 369KB
- slamu-20240930_pre.xml (EX-101.PRE) — 241KB
- ea0220930-10q_slam_htm.xml (XML) — 464KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1. Condensed Financial Statements 1 Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 1 Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 2 Condensed Statements of Changes in Shareholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 3 Condensed Statements of Cash Flows for the Nine Months Ended September 30, 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 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 27 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 September 30, December 31, 2024 2023 (unaudited) Assets: Current assets: Cash $ 33,959 $ 75,550 Prepaid expenses 20,860 263,622 Total current assets 54,819 339,172 Cash held in Trust Account 102,360,085 98,798,296 Total Assets $ 102,414,904 $ 99,137,468 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit: Current liabilities: Accounts payable $ 521,269 $ 339,846 Accrued expenses 4,219,196 2,635,310 Total current liabilities 4,740,465 2,975,156 Promissory Notes—related party 12,215,000 10,682,000 Backstop agreement liability 318,225 — Advances from related party 438,566 — Working Capital Loans—related party 1,474,000 1,474,000 Derivative warrant liabilities 3,856,250 4,884,580 Deferred underwriting commissions 20,125,000 20,125,000 Total liabilities 43,167,506 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 approximately $ 11.26 and $ 10.87 per share as of September 30, 2024 and December 31, 2023, respectively 102,260,085 98,698,296 Shareholders' Deficit: Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30, 2024 and December 31, 2023 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; no non-redeemable shares issued or outstanding as of September 30, 2024 and December 31, 2023 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 14,375,000 shares issued or outstanding as of September 30, 2024 and December 31, 2023 1,438 1,438 Additional paid-in capital — — Accumulated deficit ( 43,014,125 ) ( 39,703,002 ) Total shareholders' deficit ( 43,012,687 ) ( 39,701,564 ) Total Liabilities, Class A Ordinary Shares Subject to Possible