--12-31 false 0001838162 0001838162 2023-12-22 2023-12-22 0001838162 us-gaap:CapitalUnitsMember 2023-12-22 2023-12-22 0001838162 us-gaap:CommonClassAMember 2023-12-22 2023-12-22 0001838162 us-gaap:WarrantMember 2023-12-22 2023-12-22

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 27, 2023 (December 22, 2023)

 

 

SLAM CORP.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-40094   98-1211848

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

55 Hudson Yards, 47th Floor, Suite C

New York, NY

  10001
(Address of principal executive offices)   (Zip Code)

(646) 762-8580

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-fourth of one redeemable warrant    SLAMU   

The Nasdaq Stock Market LLC

(Nasdaq Capital Market)

Class A Ordinary Shares included as part of the units    SLAM   

The Nasdaq Stock Market LLC

(Nasdaq Capital Market)

Redeemable Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50    SLAMW   

The Nasdaq Stock Market LLC

(Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

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 the closing of a business combination shall have occurred prior to such date (the “Extension Amendment Proposal”). The shareholders of the Company approved the Extension Amendment Proposal at the Shareholder Meeting and on December 27, 2023, the Company filed the Second Amendment to the Amended and Restated Memorandum and Articles of Association (the “Articles Amendment”) with the Registrar of Companies of the Cayman Islands, effective December 22, 2023.

The foregoing description is qualified in its entirety by reference to the Articles Amendment, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

On December 22, 2023, the Company held the Shareholder Meeting to approve the Extension Amendment Proposal and a proposal to allow the adjournment of the Shareholder Meeting to a later date or dates, if necessary, (i) to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Shareholder Meeting, there were insufficient Class A ordinary shares, par value $0.0001 per share (the “Public Shares”), and Class B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares,” and together with the Public Shares, the “Ordinary Shares”), of the Company represented (either in person or by proxy) to approve the Extension Amendment Proposal or (ii) if the holders of Public Shares elected to redeem an amount of shares in connection with the Extension Amendment Proposal such that the Company would not adhere to the continued listing requirements of The Nasdaq Capital Market, each as more fully described in the definitive proxy statement filed by the Company on December 8, 2023.

As there were sufficient votes to approve the Extension Amendment Proposal and following redemptions in connection with the Extension Amendment Proposal, the Company adheres to the continued listing requirements of The Nasdaq Capital Market, the Adjournment Proposal was not presented to shareholders.

Holders of 34,418,945 Ordinary Shares of the Company held of record as of November 30, 2023, the record date for the Shareholder Meeting, were present in person or by proxy at the meeting, representing approximately 86.68% of the voting power of the Company’s ordinary shares as of the record date for the Shareholder Meeting, and constituting a quorum for the transaction of business.

The voting results for the Extension Amendment Proposal were as follows:

 

For

  

Against

  

Abstain

34,418,945    4,300,693    100


In connection with the vote to approve the Extension Amendment Proposal, the holders of 16,257,204 Public Shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.85 per share, for an aggregate redemption amount of approximately $176,359,122. After the satisfaction of such redemptions and receipt of the initial deposit of $80,000 to the Trust Account, the balance in the Trust Account will be approximately $98,558,243. As of December 20, 2023, there are 9,077,959 Public Shares outstanding.

 

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.

  

Description

3.1    Second Amendment to Amended and Restated Memorandum and Articles of Association.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: December 27, 2023

    Slam Corp.
   

By:

  

/s/ Himanshu Gulati

   

Name:

   Himanshu Gulati
   

Title:

   Chairman

Exhibit 3.1

Registrar of Companies

Government Administration Building

133 Elgin Avenue

George Town

Grand Cayman

Slam Corp. (ROC #369397) (the “Company”)

TAKE NOTICE that at an extraordinary general meeting of the Company dated 22 December 2023, the following special resolution was passed:

Proposal No. 1—The Extension Amendment ProposalRESOLVED, as a special resolution that:

 

a)

Article 49.7 of Slam’s Amended and Restated Memorandum and Articles of Association be deleted in its entirety and replaced with the following new Article 49.7:

“In the event that the Company does not consummate a Business Combination upon the date which is the later of (i) 25 January 2024 (or 25 December 2024, if applicable under the provisions of this Article 49.7) and (ii) such later date as may be approved by the Members in accordance with the Articles (in any case, such date being referred to as the “Termination Date”), the Company shall (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company (less taxes payable and up to US$100,000 of interest to pay dissolution expenses), divided by the number of the then Public Shares in issue, which redemption will completely extinguish public Members’ rights as Members (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Members and the Directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and other requirements of Applicable Law.

Notwithstanding the foregoing or any other provisions of the Articles, in the event that the Company has not consummated a Business Combination within thirty-five months from the closing of the IPO, the Company may, without another vote of the Members, elect to extend the date to consummate the Business Combination on a monthly basis for up to eleven times by an additional one month each time after the thirty-fifth month from the closing of the IPO, by resolution of the Directors, if requested by the Sponsor in writing, and upon five days’ advance notice prior to the applicable Termination Date, until forty-six months from the closing of the IPO, provided that the Sponsor (or one or more of its Affiliates, members or third-party designees) (the “Lender”) will deposit US$80,000 into the Trust Account for each such monthly extension, for an aggregate deposit of up to US$880,000 (if all eleven additional monthly extensions are exercised), in exchange for a non-interest bearing, unsecured promissory note issued by the Company to the Lender. If the Company completes a Business Combination, it will repay the amounts loaned under the promissory note. If the Company does not complete a Business Combination by the applicable Termination Date, such promissory note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven.”


b)

Article 49.8(a) of Slam’s Amended and Restated Memorandum and Articles of Association be deleted in its entirety and replaced with the following new Article 49.8(a):

“to modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination or to redeem 100 per cent of the Public Shares if the Company does not consummate a Business Combination within thirty-five months (or up to forty-six months, if applicable under the provisions of Article 49.7) from the consummation of the IPO;”

/s/ Margo Richardson                        

Margo Richardson

Corporate Administrator

for and on behalf of

Maples Corporate Services Limited

Dated this 27th day of December 2023

v3.23.4
Document and Entity Information
Dec. 22, 2023
Document And Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Dec. 22, 2023
Entity Registrant Name SLAM CORP.
Entity Incorporation State Country Code E9
Entity File Number 001-40094
Entity Tax Identification Number 98-1211848
Entity Address Address Line 1 55 Hudson Yards
Entity Address Address Line 2 Suite C
Entity Address City Or Town New York
Entity Address State Or Province NY
Entity Address Postal Zip Code 10001
City Area Code 646
Local Phone Number 762-8580
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Current Fiscal Year End Date --12-31
Amendment Flag false
Entity Central Index Key 0001838162
Common Class A [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Class A Ordinary Shares included as part of the units
Trading Symbol SLAM
Security Exchange Name NASDAQ
Warrant [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Redeemable Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
Trading Symbol SLAMW
Security Exchange Name NASDAQ
Capital Units [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-fourth of one redeemable warrant
Trading Symbol SLAMU
Security Exchange Name NASDAQ

Slam (NASDAQ:SLAMU)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Slam Charts.
Slam (NASDAQ:SLAMU)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Slam Charts.