other_material
confidence high
sentiment negative
materiality 0.60
Slam Corp. files proxy to extend business combination deadline to Dec 2025; trust value drops to $11.86/share
Slam Corp.
- Extraordinary general meeting to vote on extending deadline from June 25, 2025 to Dec 24, 2025, with possible monthly extensions up to Dec 24, 2025.
- Trust account value per share reduced from $12.29 to $11.86 as of June 5, 2025, total trust account ~$23.73 million.
- Class B shares outstanding revised to 165,000 (was 1,930,267); public Class A shares now stated as 2,000,000.
- Redemption price per share is ~$11.86; closing price of Class A shares on OTCQX on June 5, 2025 was $11.75.
- Proxy statement mailed on/about June 6, 2025; business combination with Lynk Global Holdings remains pending.
item 8.01