Slam Corp. Files 8-K on Shareholder Vote Matters

Ticker: SLAMF · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1838162

Sentiment: neutral

Topics: shareholder-vote, warrants, corporate-action

TL;DR

Slam Corp. holding shareholder vote on key matters, warrants exercisable at $11.50.

AI Summary

Slam Corp. filed an 8-K on December 9, 2024, reporting on the submission of matters to a vote of security holders. The company, incorporated in the Cayman Islands, is involved in the communication services sector. The filing details units consisting of ordinary shares and redeemable warrants, with warrants exercisable at $11.50.

Why It Matters

This filing indicates important corporate actions are being put to a shareholder vote, which could impact the company's future direction and shareholder rights.

Risk Assessment

Risk Level: medium — The filing concerns a shareholder vote, which can introduce uncertainty and potential changes to the company's structure or operations.

Key Numbers

Key Players & Entities

FAQ

What specific matters are being submitted to a vote of Slam Corp. security holders?

The filing states it is a 'Submission of Matters to a Vote of Security Holders' but does not detail the specific proposals in the provided text.

What is the exercise price for the redeemable warrants mentioned?

The redeemable warrants are exercisable at an exercise price of $11.50.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on December 9, 2024.

In which jurisdiction is Slam Corp. incorporated?

Slam Corp. is incorporated in the Cayman Islands.

What is the SIC code for Slam Corp.?

The Standard Industrial Classification (SIC) code for Slam Corp. is 4899, categorized under COMMUNICATION SERVICES, NEC.

Filing Stats: 2,915 words · 12 min read · ~10 pages · Grade level 19 · Accepted 2024-12-09 16:05:28

Key Financial Figures

Filing Documents

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders On December 9, 2024, Slam Corp. (" Slam " or the " Company ") convened and then adjourned, without conducting any other business, its extraordinary general meeting of its shareholders (the " Shareholder Meeting ") relating to its previously announced proposed amendment to the Company's amended and restated memorandum and articles of association to (i) extend the date (the " Termination Date ") by which Slam has to consummate a Business Combination (as defined below) from December 25, 2024 to January 25, 2025 (the " Articles Extension Date ") and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis for up to eleven times by an additional one month each time after the Articles Extension Date, by resolution of the board of directors of Slam, if requested by Slam Sponsor, LLC, a Cayman Islands limited liability company (the " Sponsor "), and upon five days' advance notice prior to the applicable Termination Date, until December 25, 2025 or a total of up to eleven additional months after the Articles Extension Date, unless the closing of a Business Combination shall have occurred prior thereto (the " Extension Amendment Proposal "), (ii) to permit for the issuance of Class A ordinary shares, par value $0.0001 per share, (the " Class A Ordinary Shares " or the " Public Shares ") to holders of the Company's Class B ordinary shares, par value $0.0001 per share, (the " Class B Ordinary Shares ," and together with the Class A Ordinary Shares, the "Ordinary Shares"), upon the exercise of the right of a holder of the Class B Ordinary Shares to convert such holder's Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis at any time and from time to time prior to the closing of an initial Business Combination at the election of the holder (the " Founder Share Amendment Proposal "). The only proposal

Forward-looking statements may generally be identified by the use of words such as "estimate," "projects," "expects,"

Forward-looking statements may generally be identified by the use of words such as "estimate," "projects," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "potential," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the financial position, business strategy and the plans and objectives of management for future operations including as they relate to the Business Combination and related transactions, including the anticipated financing, pricing and market opportunity, the satisfaction of closing conditions to the Business Combination and related transactions, the level of redemptions by Slam's public shareholders and the timing of the completion of the Business Combination, including the anticipated closing date of the Business Combination and the use of the cash proceeds therefrom. These statements are based on various assumptions, whether or not identified in this Report, and on the current expectations of Slam's, Topco's and Lynk's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the parties, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. The forward-looking statements involve si

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