Cowen & Co. Amends Slam Corp. Stake, Signals Ownership Change
Ticker: SLAMF · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1838162
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, ownership-change
TL;DR
**Cowen & Co. just updated their Slam Corp. stake, watch for potential shifts in institutional sentiment.**
AI Summary
Cowen and Company, LLC filed an amended SC 13G/A on February 2, 2024, indicating a change in their beneficial ownership of Slam Corp. common stock as of December 29, 2023. This filing updates their previous disclosure, signaling a potential adjustment in their investment strategy or a change in the number of shares they hold in Slam Corp. For investors, this matters because it provides insight into the holdings of a significant institutional investor, which can influence market sentiment and the stock's perceived value.
Why It Matters
This filing shows an institutional investor, Cowen and Company, LLC, has updated its position in Slam Corp., which can signal a shift in their confidence or strategy regarding the company.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and doesn't inherently indicate high risk, but rather a change in ownership disclosure.
Analyst Insight
An investor should note that Cowen and Company, LLC has updated its beneficial ownership in Slam Corp. and consider researching the specifics of the amendment (which are not detailed in this excerpt) to understand the nature of the change, such as an increase or decrease in holdings, and its potential implications for the stock.
Key Players & Entities
- Slam Corp. (company) — the issuer of the securities
- Cowen and Company, LLC (company) — the reporting person filing the amendment
- December 29, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)*' sections.
Who is the subject company of this filing?
The subject company is Slam Corp., as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Slam Corp.'.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is Cowen and Company, LLC, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COWEN AND COMPANY, LLC'.
What is the CUSIP number for Slam Corp.'s common stock?
The CUSIP number for Slam Corp.'s common stock is G8210L105, as listed under 'CUSIP Number' and 'CUSIP No.: G8210L105'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified under 'Date of Event which Requires Filing of this Statement'.
Filing Stats: 1,057 words · 4 min read · ~4 pages · Grade level 8.7 · Accepted 2024-02-02 15:17:43
Filing Documents
- slama1_20224.htm (SC 13G/A) — 32KB
- 0001085146-24-000626.txt ( ) — 33KB
(a)
ITEM 1(a). NAME OF ISSUER: Slam Corp
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 500 Fifth Ave. New York, NY 10110
(a)
ITEM 2(a). NAME OF PERSON FILING: Cowen and Company, LLC Cowen Financial Products LLC
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 599 Lexington Ave. New York, NY 10022
(c)
ITEM 2(c). CITIZENSHIP: USA USA
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock
(e)
ITEM 2(e). CUSIP NUMBER: G8210L105 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 800,000 (b) Percent of class: 3.16% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Cowen and Company, LLC : 0 Cowen Financial Products LLC : 800,000 (ii) shared power to vote or to direct the vote: Cowen and Company, LLC : Cowen Financial Products LLC : (iii) sole power to dispose or direct the disposition of: Cowen and Company, LLC : 719,553 Cowen Financial Products LLC : 800,000 (iv) shared power to dispose or to direct the disposition of: Cowen and Company, LLC : Cowen Financial Products LLC : ITEM 5.