secwatch.observer — SEC 8-K summary
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Issuer:     Slam Corp. (—)
CIK:        0001838162
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001213900-24-112133
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Slam Corp. extends Lynk merger deadline to June 2025; $80.7M redeemed, trust drops to $22.8M
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- Fourth amendment to BCA moves termination date from Dec 25, 2024 to June 30, 2025.
- Shareholders approved extension to March 25, 2025, with monthly rollover to June 25, 2025.
- Holders redeemed 7,077,959 shares at ~$11.39 each, totaling ~$80.7M from trust.
- Trust balance after redemptions ~$22.8M; only 2M public shares remain outstanding.
- Sponsor to pay Slam $1.4M in four monthly installments starting Dec 26 for maintenance expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838162/000121390024112133/0001213900-24-112133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838162/000121390024112133/ea0225851-8k425_slam.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-112133

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