Slam Corp. Files 8-K on Definitive Agreement

TL;DR

Slam Corp. signed a deal for units (shares + warrants) on 8/23, creating financial obligations.

AI Summary

On August 23, 2024, Slam Corp. entered into a material definitive agreement related to its units, which consist of ordinary shares and redeemable warrants. This agreement also creates a direct financial obligation for the registrant. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates a significant contractual development for Slam Corp., potentially impacting its financial obligations and the structure of its securities.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and financial obligations, which can introduce financial and operational risks.

Key Numbers

• 11.50 — Exercise Price (Warrants included in units are exercisable for one Class Ordinary Share at this price.)

Key Players & Entities

• Slam Corp. (company) — Registrant
• August 23, 2024 (date) — Date of earliest event reported
• 0001838162 (company) — Central Index Key
• 4899 (industry_code) — Standard Industrial Classification
• 500 FIFTH AVENUE (address) — Business Address
• 10110 (zip_code) — Business Address Zip
• 650-888-8066 (phone_number) — Business Phone

FAQ

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 OTC Pink Sheets Indicate by
• $10,447,000 — incipal amount of the Amended Note from $10,447,000 to $10,947,000. All other material term
• $10,947,000 — of the Amended Note from $10,447,000 to $10,947,000. All other material terms of the Amende
• $10,439,000 — e hereof, an aggregate of approximately $10,439,000 has been borrowed under the Amended Not
• $0.00001 — res of common stock of Topco, par value $0.00001 per share, to be issued in connection w

Filing Documents

• ea0212207-8k425_slamcorp.htm (8-K) — 51KB
• ea021220701ex2-1_slamcorp.htm (EX-2.1) — 23KB
• ea021220701ex10-1_slamcorp.htm (EX-10.1) — 13KB
• 0001213900-24-073930.txt ( ) — 324KB
• 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
• ea0212207-8k425_slamcorp_htm.xml (XML) — 7KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 23, 2024 SLAM CORP. (Exact name of registrant as specified in its charter) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 55 Hudson Yards, 47th Floor , Suite C New York , NY 10001 (Address of principal executive offices) (Zip Code) ( 646 ) 762-8580 Registrant's telephone number, including area code Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-fourth of one redeemable warrant SLAMU OTC Pink Sheets Class A Ordinary Shares included as part of the units SLAM OTC Pink Sheets Redeemable Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 SLAMW OTC Pink Sheets Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item. 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on February 4, 2024, Slam Corp., a Cayman Islands exempted company (" Slam " or the " Company "), Lynk Global, Inc., a Delaware corporation (" Lynk "), Slam Sponsor, LLC, a Cayman Islands limited liability company (the " Sponsor " or " Lender "), Lynk Global Holdings, Inc., a Delaware corporation (" Topco "), Lynk Merger Sub 1, LLC, a Delaware limited liability company and wholly owned subsidiary of Topco ( " Merger Sub 1 ") and Lynk Merger Sub 2, LLC, a Delaware limited liability and wholly owned subsidiary of Topco ( " Merger Sub 2 " and, together with Slam and Lynk, collectively, the " Parties " and each a " Party ") entered into a definitive business combination agreement, as may be amended, modified or supplemented from time to time (the " BCA "). Business Combination Agreement Amendment On August 26, 2024, the Parties entered into an amendment to the BCA (the " BCA Amendment ") pursuant to which the parties agreed to extend the Termination Date from August 31, 2024 to December 25, 2024. All capitalized terms used in this paragraph and not otherwise defined herein have the same meanings ascribed to them in the BCA Amendment. The foregoing descriptions of the BCA Amendment are not complete and are subject to and qualified in their entirety by reference to the BCA Amendment. A copy of the BCA Amendment is filed with this Current Report on Form 8-K as Exhibit 2.1, and the terms of which are incorporated by reference herein. Promissory Note Amendment As previously reported, on February 27, 2023, Company issued a promissory note to the Lender, the Company's sponsor, as amended and restated on February 4, 2024 (the " Amended Note ") in connection with the BCA. On August 23, 2024, the Company and the Lender amended the Amended Note to increase the aggregate principal amount of the Amended Note from $10,447,000 to $10,947,000. All other material terms of the Amended Note remain in full force and effect. As of the date hereof, an aggregate of approximately $10,439,000 has been borrowed under the Amended Note. The foregoing descriptions of the Amended Note are not complete and are subject to and qualified in their entirety by reference to the Amended Note. A copy of the Amended Note is filed with this Current Report on Form 8-K as Exhibit 10.1, and the terms of which are incorporated by reference herein. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. See the information set forth in Item 1.01 of this Current Report on Form 8-K, which is incorporate

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