Slam Corp. Files 8-K: Delisting Notice & Financials
Ticker: SLAMF · Form: 8-K · Filed: Aug 26, 2024 · CIK: 1838162
Sentiment: bearish
Topics: delisting, listing-standards, financials
TL;DR
Slam Corp. might get delisted, filing includes financials.
AI Summary
Slam Corp. filed an 8-K on August 26, 2024, reporting events as of August 23, 2024. The filing indicates a notice of delisting or failure to satisfy continued listing rules, and also includes financial statements and exhibits. Slam Corp. is incorporated in the Cayman Islands and operates in the Communication Services sector.
Why It Matters
This filing signals potential delisting from an exchange, which could significantly impact the liquidity and valuation of Slam Corp.'s securities.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and investor confidence.
Key Players & Entities
- Slam Corp. (company) — Registrant
- Cayman Islands (jurisdiction) — State of Incorporation
- August 23, 2024 (date) — Earliest event reported date
- August 26, 2024 (date) — Filing date
FAQ
What specific rule or standard has Slam Corp. failed to satisfy, leading to the notice of delisting?
The filing does not specify the exact rule or standard that Slam Corp. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 23, 2024.
What is the SIC code for Slam Corp.?
The Standard Industrial Classification (SIC) code for Slam Corp. is 4899, which corresponds to Communication Services, NEC.
Where is Slam Corp. incorporated?
Slam Corp. is incorporated in the Cayman Islands.
What are the main items included in this 8-K filing?
This 8-K filing includes a Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard, and also contains Financial Statements and Exhibits.
Filing Stats: 2,713 words · 11 min read · ~9 pages · Grade level 18.5 · Accepted 2024-08-26 16:16:40
Key Financial Figures
- $0.0001 — nsisting of one Class A Ordinary Share, $0.0001 par value, and one-fourth of one redeem
- $11.50 — Ordinary Share at an exercise price of $11.50 SLAMW The Nasdaq Stock Market LLC
- $0.00001 — res of common stock of Topco, par value $0.00001 per share, to be issued in connection w
Filing Documents
- ea0212347-8k425_slamcorp.htm (8-K) — 52KB
- ea021234701ex99-1_slamcorp.htm (EX-99.1) — 26KB
- ex99-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-072599.txt ( ) — 325KB
- slam-20240823.xsd (EX-101.SCH) — 4KB
- slam-20240823_def.xml (EX-101.DEF) — 27KB
- slam-20240823_lab.xml (EX-101.LAB) — 37KB
- slam-20240823_pre.xml (EX-101.PRE) — 25KB
- ea0212347-8k425_slamcorp_htm.xml (XML) — 8KB
01 Notice of
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed, on February 26, 2024, Slam Corp., a Cayman Islands exempted company (" Slam "), received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") indicating that, unless Slam timely requested a hearing (the " Hearing ") before the Nasdaq Hearings Panel (the " Panel "), trading of Slam's securities on The Nasdaq Capital Market would be suspended at the opening of business on March 6, 2024, due to Slam's non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Slam timely requested the Hearing before the Panel to request sufficient time to complete Slam's previously disclosed proposed business combination with Lynk Global, Inc., a Delaware corporation (" Lynk "). The Hearing occurred on April 25, 2024. On May 21, 2024, the Panel issued written notice of its decision to grant Slam's request for an exception to its listing deficiencies until August 26, 2024 in light of the progress Slam has made toward closing the previously disclosed proposed business combination with Lynk. On August 23, 2024, Slam received a notice (the " Delisting Notice ") from Nasdaq stating that Nasdaq has determined to delist Slam's securities on The Nasdaq Capital Market and will suspend trading in those securities effective at the open of business on August 27, 2024. Nasdaq reached its decision pursuant to Nasdaq IM-5101-2 because Slam did not complete one or more business combination within 36 months of the effectiveness of its IPO registration statement. Following the suspension of trading on The Nasdaq Capital Market, Slam's Units, shares of Class A common stock and redeemable warrants will be eligible to trade on the OTC Pink Marketplace under the s
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated August 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: August 26, 2024 Slam Corp. By: /s/ Himanshu Gulati Name: Himanshu Gulati Title: Chairman 5