Slam Corp.: debt financing — Slam Corp. issues $800K promissory note to sponsor for working capital

Slam Corp.

Slam Corp. issued $800,000 unsecured promissory note to Slam Sponsor, LLC on August 18, 2023.
Note is non-interest bearing and repayable only upon consummation of a business combination.
If no business combination occurs, the note is forgiven and not repaid.
Sponsor waived any claims against the trust account established from IPO proceeds.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Slam Corp. incurred loan of $800,000 with Slam Sponsor, LLC at does not bear interest maturing repayable in full upon the consummation of the Company’s initial business combination.

Instrument: loan
Principal: $800,000
Counterparty: Slam Sponsor, LLC
Rate: does not bear interest
Maturity: repayable in full upon the consummation of the Company’s initial business combination
Event: incurrence

Exact text from the filing

On August 18, 2023, Slam Corp. issued an unsecured promissory note (the “Note”) in the principal amount of $800,000 to Slam Sponsor, LLC (the “Sponsor”).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-23-217057

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.