secwatch.observer — SEC 8-K summary
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Issuer:     Slam Corp. (—)
CIK:        0001838162
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001193125-23-155512
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Slam Corp. issues $700K promissory note to sponsor, repayable upon business combination
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- Issued $700K unsecured promissory note to Sponsor, non-interest bearing.
- Principal repayable upon consummation of initial business combination; if no deal, note forgiven.
- Issued under exemption from registration under Section 4(a)(2) of Securities Act.
- Customary events of default including failure to pay, bankruptcy; remedies accelerate note.
- Sponsor waives any claim against trust account established from IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838162/000119312523155512/0001193125-23-155512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838162/000119312523155512/d472840d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-155512

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