Streetbeat News

SLAM

Slam Corp.

https://www.slamcorp.com

Industry

Shell Companies

Slam Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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Trading halt status was updated at 8:25:00 AM ET, indicating a resumption of quotations. The update pertains to the resumption times for news and trading activities.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:25 pm

Slam Corp. (NASDAQ:SLAM) and Lynk Global, Inc. have announced a definitive business combination agreement, aiming to create Lynk Global Holdings, Inc., which will be listed on Nasdaq under the ticker symbol 'LYNK'. This merger leverages Lynk's sat2phone technology, compatible with 2G to 5G devices without modification, and aims to expand global wireless connectivity. The deal values Lynk at $800 million pre-money and is expected to close in the second half of 2024, subject to customary closing conditions and shareholder approval. The capital raised will accelerate the production of satellites and support operations, aiming to connect over two billion unconnected people worldwide.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:21 pm

Trading for SLAM was halted at 7:55:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:55 pm

Trading in shares of Slam Corp (SLAM) has been halted due to a circuit breaker triggered by pending news related to the company, commonly referred to as 'Code News'. Investors are awaiting further details to understand the implications of the pending announcement.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:26 pm

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).

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:11 pm

Joseph Taeid has resigned as CFO of Slam Corp., effective September 30, 2023. Ryan Bright, with nearly 20 years of experience as a financial and investment executive, has been named as the new CFO, effective October 4, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:10 pm

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