SLAM Corp. shareholders approve business combination extension; 64% of public shares redeemed

Slam Corp.

Extension approved: termination date moved from Dec 25, 2023 to Jan 25, 2024; board can extend monthly through Dec 25, 2024.
Holders of 16,257,204 Public Shares redeemed at ~$10.85/share for aggregate ~$176.4 million.
Trust Account balance after redemptions ~$98.6 million; 9,077,959 Public Shares remain outstanding.
Proposal approved by 34,418,945 votes in favor (86.68% of outstanding shares).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Slam Corp.: Extended the deadline to consummate a business combination from December 25, 2023 to January 25, 2024 and allowed monthly extensions up to December 25, 2024 (effective 2023-12-22).

Change: charter amendment
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, Slam Corp. (the “ Company ”) held an Extraordinary General Meeting of Shareholders (the “ Shareholder Meeting ”) 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 December 25, 2023 (the “ Amended Termination Date ”) to January 25, 2024 (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 eleven 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 Slam Sponsor, LLC, and upon five days’ advance notice prior to the applicable Termination Date, until December 25, 2024, or a total of up to twelve months after the Amended Termination Date, unless

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Slam Corp. shareholders approved Extension Amendment Proposal at the 2023-12-22 meeting.

Outcome: passed
Meeting: 2023-12-22

Exact text from the filing

The voting results for the Extension Amendment Proposal were as follows: For Against Abstain 34,418,945 4,300,693 100

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Source: SEC EDGAR

accession 0001193125-23-304043

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