--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-049517" form_type: "8-K" ticker: null cik: "0001838162" company_name: "Slam Corp." filed_at: "2023-02-27T23:59:59+00:00" generated_at: "2026-06-19T00:00:22.911365+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Slam Corp. shareholders approve extension to May 2023; ~$328M redeemed at $10.20/share ## Summary - Shareholders approved extension of business combination deadline from Feb 25, 2023 to May 25, 2023, with up to nine monthly extensions to Feb 25, 2024. - Redemption of 32,164,837 Class A shares at ~$10.20 per share, aggregate ~$328M. - Issued unsecured promissory note to sponsor for up to $10.447M; initial $3.247M funded, $2.4M deposited into trust. - Redemption limitation removed, allowing redemptions regardless of net tangible assets threshold. - Adjournment proposal not presented due to sufficient votes and continued Nasdaq listing compliance. ## SEC filing metadata - accession: 0001193125-23-049517 - form_type: 8-K - cik: 0001838162 - company_name: Slam Corp. - filed_at: 2023-02-27T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 2.03, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/d459090d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-049517 - JSON: https://secwatch.observer/filing/0001193125-23-049517.json - Plain text: https://secwatch.observer/filing/0001193125-23-049517.txt ## Key facts - Debt Financings Slam Corp. incurred loan of up to $10,447,000 with Slam Sponsor, LLC at does not bear interest maturing matures upon closing of the Company’s initial business combination. - Instrument: loan - Principal: up to $10,447,000 - Counterparty: Slam Sponsor, LLC - Rate: does not bear interest - Maturity: matures upon closing of the Company’s initial business combination - Event: incurrence source text: Accordingly, on February 21, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $10,447,000 (the “ Promissory Note ”) to the Sponsor. The Sponsor funded the initial principal amount of $3,247,000 on February 23, 2023. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination. In the event that the Company does not consummate a business combination, the Promissory Note will be repaid only from amounts remaining outside of the Trust Account, if any. $2,400,000 of the initial principal amount of the Promissory Note has been deposited in the Trust Account. The foregoing description of the Promissory Note is not complete and is qualified in its entirety by reference to the text of such document, which is filed as Exhibit 10.1 hereto and which is incorporated herein by reference. evidence_url: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm - Governance Changes Slam Corp.: Amended the amended and restated memorandum and articles of association to extend the business combination deadline from February 25, 2023 to May 25, 2023, with an option to extend monthly up to February 25, 2024, and to eliminate the net tangible assets redemption limitation (effective 2023-02-21). - Change: charter amendment - Effective: 2023-02-21 source text: On February 21, 2023, the Company held the Extension Meeting (1) to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from February 25, 2023 (the “ Original Termination Date ”) to May 25, 2023 (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 nine times by an additional one month each time after the Articles Extension Date, by resolution of the Company’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until February 25, 2024, or a total of up to twelve months after the Original Termination Date, unless the closing of the Company’s initial business combination shall have occurred p evidence_url: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm - Shareholder Votes Slam Corp. shareholders approved Redemption Limitation Amendment Proposal at the 2023-02-21 meeting. - Outcome: passed - Meeting: 2023-02-21 source text: The Redemption Limitation Amendment Proposal For Against Abstain 50,825,130 3,947,795 1,239 evidence_url: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm - Shareholder Votes Slam Corp. shareholders approved Extension Amendment Proposal at the 2023-02-21 meeting. - Outcome: passed - Meeting: 2023-02-21 source text: The Extension Amendment Proposal For Against Abstain 50,825,149 3,947,876 1,139 evidence_url: https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.