Lynk Global, Inc To Become Public Through Business Combination With Slam Corp.
Portfolio Pulse from Benzinga Newsdesk
Lynk Global, Inc., a space-based mobile communications network, is set to go public through a business combination with Slam Corp., a special purpose acquisition company (SPAC).
December 18, 2023 | 1:11 pm
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Slam Corp. (SLAM), a SPAC, is merging with Lynk Global, Inc., which will likely result in increased investor interest and potential stock price movement.
SPAC mergers typically lead to increased trading volume and investor interest as the market anticipates the new entity's potential growth. The announcement of the business combination could lead to a positive short-term impact on SLAM's stock price as investors may speculate on the future prospects of Lynk Global as a public company.
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IMPORTANCE 90
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