Slam (SLAM)

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Slam (SLAM) - 2024 Q3 - Quarterly Report
2024-11-19 21:19
Financial Performance - For the three months ended September 30, 2024, the company reported a net income of approximately $2.8 million, consisting of approximately $2.5 million in non-operating income and approximately $964,000 from cash held in the Trust Account[184]. - For the nine months ended September 30, 2024, the company had a net income of approximately $0.3 million, with approximately $1.0 million in non-operating income and approximately $2.8 million from cash held in the Trust Account[186]. - The company had a net income of approximately $5.6 million for the nine months ended September 30, 2023, compared to $0.3 million for the same period in 2024[187]. Financial Position - As of September 30, 2024, the company had approximately $34,000 in its operating bank account and a working capital deficit of approximately $4.7 million[189]. - The company issued an unsecured promissory note totaling up to $10,947,000 to the Sponsor, with $10,715,000 outstanding as of September 30, 2024[192]. - The company recognized the Backstop Agreement as a liability at its fair value, subject to remeasurement at each balance sheet date until exercised[199]. Operational Status - The company has not engaged in any operations or generated any revenues to date, with only organizational activities and preparations for the IPO since inception[183]. - The company incurred approximately $3.3 million in general and administrative expenses for the nine months ended September 30, 2024[186]. Future Outlook - The company has a scheduled liquidation date of December 25, 2024, if it does not complete its initial business combination by that date[195]. - The company expects to incur significant costs in pursuing its initial business combination, with no assurance of success in raising capital[182].
Denny's Honors Military Heroes with FREE Original Grand Slam® on Veterans Day
GlobeNewswire News Room· 2024-11-04 14:00
Core Points - Denny's is offering a complimentary Original Grand Slam® breakfast to active and retired military personnel on Veterans Day, November 11, 2024, from 5 a.m. to noon at participating locations [1] - The breakfast includes two buttermilk pancakes, two strips of applewood smoked bacon, two sausage links, and two eggs cooked to order, available for dine-in only [1] - Veterans and active-duty military must present a valid military ID or DD 214 to redeem the offer [1] Company Initiatives - Denny's emphasizes the importance of Veterans Day as a time for reflection and appreciation, with a commitment to honoring those who have served [2] - The company operates the Mobile Relief Diner, which provides hot meals to communities in need, aligning with its mission to support local communities [2] - Denny's has a long-standing commitment to community support through initiatives like the Denny's Hungry for Education™ scholarship program and fundraising efforts with No Kid Hungry [3] Company Overview - Denny's is a family dining restaurant brand based in Spartanburg, S.C., with over 70 years of history [3] - As of September 25, 2024, Denny's operates 1,525 restaurants, with 1,464 being franchised and licensed, and 61 company-operated [4] - The brand has a presence in various countries, including Canada, Mexico, and the United Kingdom, showcasing its extensive franchising model [4]
OTC Markets Group Welcomes Slam Corp. to OTCQX
GlobeNewswire News Room· 2024-09-19 11:00
Core Viewpoint - Slam Corp., a special purpose acquisition company led by Alex Rodriguez, has qualified to trade on the OTCQX Best Market, transitioning from NASDAQ to OTCQX for its Class A ordinary shares, units, and warrants [1][2]. Group 1: Company Overview - Slam Corp. is established by Alex Rodriguez and Himanshu Gulati, focusing on investment opportunities in companies with large addressable markets, significant revenue growth, defensible business models, and superior market share [4]. - The company previously traded its Class A ordinary shares, units, and redeemable warrants on NASDAQ before moving to OTCQX [1]. Group 2: Market Information - Trading on the OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, with streamlined requirements aimed at reducing the complexity of being publicly traded [3]. - Companies must meet high financial standards, adhere to best practice corporate governance, and comply with applicable securities laws to qualify for OTCQX [3]. Group 3: OTC Markets Group Inc. - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, with a focus on data-driven disclosure standards [5]. - The company provides critical market infrastructure through its OTC Link Alternative Trading Systems, facilitating trading for broker-dealers [6].
Denny's Canada is serving up the perfect dish to help spread awareness and end food insecurity in Ontario
GlobeNewswire News Room· 2024-09-16 10:00
Group 1 - Denny's Canada is collaborating with Feed Ontario to support World Hunger Action Month, continuing their partnership to combat food poverty through various initiatives [1][2][5] - The fundraising initiative includes a special offer of a $4.99 Original Grand Slam available at multiple Denny's locations, with the event scheduled for September 18th [2][6] - Feed Ontario supplies over five million pounds of fresh food annually and aims to end food insecurity and poverty in Ontario through advocacy and support for local food banks [3][4] Group 2 - Denny's Canada has raised over $15,000 for Feed Ontario, which equates to over 30,000 meals for families facing hunger in the region [4][5] - The company emphasizes its commitment to community support and engagement, highlighting the importance of localized partnerships in making a meaningful impact [5][6] - Denny's operates 74 restaurants across Canada and is known for its high-quality food and guest satisfaction, contributing to its reputation as a beloved diner chain [7]
Why Dick's Could Be a Slam Dunk for Your Investment Portfolio
MarketBeat· 2024-09-04 15:12
Core Viewpoint - Dick's Sporting Goods is positioned to compete effectively with major retailers like Walmart and Target due to its focus on quality products, which appeals to discerning consumers [1][4]. Financial Performance - In Q2, Dick's reported net revenue of $3.47 billion, reflecting a year-over-year increase of 7.8% and a two-year stack growth of 11.5%, surpassing consensus estimates by over 100 basis points [4]. - Comparable store sales increased by 4.5%, driven by higher customer traffic and ticket sizes [4]. - Adjusted earnings reached $4.37, exceeding consensus by $0.51 or 1300 basis points, with net income up 48% [5]. Guidance and Future Outlook - The company has raised its expectations for comparable store sales growth, anticipating annual growth to exceed 6% in 2025, compared to 5% growth in fiscal 2023 [6]. - Despite a cautious outlook, the company has improved its earnings guidance for the second time this year, indicating a positive trend [4][6]. Capital Returns and Dividends - Dick's Sporting Goods has a dividend yield of 2.03%, with an annual dividend of $4.40 and a three-year dividend growth rate of 47.36% [7]. - The company maintains a strong cash flow, allowing for substantial capital returns, including share buybacks, which have contributed to a 4.5% decrease in the average quarterly share count [7]. Balance Sheet and Financial Health - The balance sheet shows a cash reduction offset by increased inventory and receivables, with total long-term obligations at 1.4 times equity and long-term debt at 0.5 times equity [8]. - Equity has increased by 11% year-to-date, indicating a solid financial position [8]. Market Reaction and Analyst Ratings - Following the Q2 results, Dick's share price experienced a slight decline but remained above critical support levels, with analysts maintaining a "Moderate Buy" rating and raising price targets throughout the year [9].
3 Sensational Warren Buffett Stocks That Make for Slam-Dunk Buys in September
The Motley Fool· 2024-09-03 09:06
The 45-stock, $318 billion investment portfolio the Oracle of Omaha oversees is home to three stunning values that are hiding in plain sight. Few investors are more revered on Wall Street than the aptly named "Oracle of Omaha." Since Warren Buffett became the CEO of Berkshire Hathaway (BRK.A 1.85%) (BRK.B 1.61%) in the mid-1960s, he's overseen a greater than 5,700,000% aggregate return in his company's Class A shares (BRK.A) and guided Berkshire to become only the ninth public company to reach the $1 trilli ...
Wolverine and Rawlings Launch "Grand Slam", Limited-Edition 1000 Mile Boot
prnewswire.com· 2024-05-29 13:11
In time for Father's Day, this premium leather boot features a portion of a Rawlings baseball bat in the heel ROCKFORD, Mich., May 29, 2024 /PRNewswire/ -- Just in time for Father's Day, Wolverine®, the 141-yearold boot and clothing company, and Rawlings®, a leading global brand and manufacturer of premium Major League Baseball® equipment, are stepping up to the plate with a limited-edition 1000 Mile Boot. Inspired by America's favorite pastime, the Grand Slam Boot is crafted from the same quality premium H ...
$10K Slam Dunks: 3 Stocks to Buy Without Hesitation
investorplace.com· 2024-05-29 00:02
We are in a bull market that defies explanation. We suffered through the highest inflation rates in 2022 only to see the market take off. That was followed by an unprecedented series of 11 hikes in interest rates yet the housing market did not stall or collapse. In fact, home prices still continue to rise. Despite all of this, there are still some top stocks to buy. While inflation has come down from those peaks it still remains elevated. Furthermore, the Federal Reserve indicates it is in no mood to lower ...
Slam (SLAM) - 2024 Q1 - Quarterly Report
2024-05-16 21:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SLAM CORP. (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS E ...
Slam (SLAM) - 2023 Q4 - Annual Report
2024-04-01 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SLAM CORP. (Exact name of registrant as specified in its charter) | Cayman Islands | 001-40094 | 98-1211848 | | --- | --- | --- | | (State or other jurisdiction of ...