secwatch.observer — SEC 8-K summary
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Issuer:     Slam Corp. (—)
CIK:        0001838162
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001193125-23-049517
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Slam Corp. shareholders approve extension to May 2023; ~$328M redeemed at $10.20/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/0001193125-23-049517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838162/000119312523049517/d459090d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-049517

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer