Slam (SLAM)
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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 ...
Slam (SLAM) - 2023 Q3 - Quarterly Report
2023-11-10 02:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporati ...
Slam (SLAM) - 2023 Q2 - Quarterly Report
2023-08-11 20:16
Table of Contents 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 June 30, 2023 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporation o ...
Slam (SLAM) - 2023 Q1 - Quarterly Report
2023-05-15 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For the quarterly period ended March 31, 2023 FORM 10-Q 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporation ...
Slam (SLAM) - 2022 Q4 - Annual Report
2023-03-29 21:22
Investment Focus and Strategy - Slam Corp. is focused on investment opportunities in sectors such as sports, media, entertainment, health and wellness, and consumer technology, aiming for companies with significant revenue growth and defensible business models [19]. - The company aims to acquire a multibillion-dollar asset with a leading market position, emphasizing sustainable growth prospects in large addressable markets [30]. - The acquisition criteria include targeting companies with formidable barriers to entry and proven business models to ensure long-term competitive differentiation [30]. - The company seeks to partner with management teams to create value and leverage its extensive network for strategic introductions [30]. - The company offers target businesses a more expeditious and cost-effective alternative to traditional IPOs through a merger or business combination [45]. Management Team and Experience - The management team includes Alex Rodriguez and Himanshu Gulati, who have extensive experience in finance, media, and investment, contributing to the company's strategic direction [23]. - Antara Capital, led by Mr. Gulati, has a track record of delivering strong investor returns through strategic investments in companies like QuantumScape and Innoviz Technologies [29]. - Mr. Rodriguez has nearly 10 million social media followers, providing significant access to potential business opportunities and enhancing brand visibility [28]. Financial Position and Requirements - As of December 31, 2022, the company had approximately $583.46 million available for an initial business combination after estimated IPO expenses and $20.1 million in deferred underwriting fees [55]. - Following the extraordinary general meeting on February 21, 2023, 32,164,837 Class A ordinary shares were redeemed for an aggregate amount of approximately $328.09 million, leaving approximately $258.43 million in the trust account [55]. - The company may need additional financing to complete its initial business combination if the required cash exceeds the available funds or if a significant number of public shares are redeemed [58]. - The company is not currently engaged in operations and intends to use cash from the IPO proceeds and private placement warrants for the initial business combination [56]. - The net proceeds from the IPO and the sale of private placement warrants amount to up to $558,075,000 for completing the initial business combination, after accounting for $20,125,000 in deferred underwriting commissions and estimated IPO expenses [199]. Shareholder and Redemption Policies - Public shareholders can redeem their shares regardless of their voting decision, and initial shareholders have waived their redemption rights for founder shares [83]. - The company will provide public shareholders the opportunity to redeem shares at a price based on the trust account balance prior to the business combination [78]. - If cash requirements for redemptions exceed available funds, the business combination may not proceed [80]. - The company intends to conduct redemptions in conjunction with a shareholder vote unless otherwise determined [81]. - The redemption offer will remain open for at least 20 business days following the announcement of the initial business combination [85]. Regulatory and Compliance Considerations - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements [50]. - The company is also a "smaller reporting company," which allows for reduced disclosure obligations, including providing only two years of audited financial statements [53]. - The company is subject to the rules and regulations of the Exchange Act after voluntarily registering its securities, with no current intention to suspend reporting obligations [118]. - Compliance with the Sarbanes-Oxley Act may increase the time and costs associated with completing an acquisition, particularly if the target business is not compliant with internal control provisions [189]. - The company must comply with federal proxy rules requiring financial statement disclosures, which may limit the pool of potential target businesses for acquisition [207]. Risks and Challenges - The company may face intense competition from other entities, including blank check companies and private equity groups, which may limit its ability to acquire larger target businesses due to available financial resources [112]. - The ongoing COVID-19 pandemic may adversely affect the company's ability to complete a business combination due to market volatility and travel restrictions [138]. - The company may face challenges in negotiating business combinations as potential targets may leverage the requirement to complete a deal by the Termination Date [136]. - The company may face difficulties in obtaining additional financing for the initial business combination or for funding the operations of the target business, which could lead to restructuring or abandonment of the deal [195]. - The company may incur substantial debt to complete a business combination, which could adversely affect its leverage and financial condition [197]. Governance and Fiduciary Duties - The company may face conflicts of interest as its officers and directors may have fiduciary duties to other entities, but it does not expect these duties to materially affect its ability to complete the initial business combination [40]. - Officers and directors may have fiduciary obligations to present business opportunities to other entities, which could impact the company's ability to pursue certain combinations [62]. - The company has a fiduciary duty to address creditor claims before distributing funds to public shareholders, which may expose it to claims of punitive damages in bankruptcy scenarios [108]. - The provisions of the company's amended and restated memorandum and articles of association allow for easier amendments to facilitate business combinations, requiring only a two-thirds majority approval from shareholders [191]. Target Business Evaluation - The evaluation process for a target business includes extensive due diligence, such as management meetings, document reviews, and financial assessments [63]. - The company has identified general criteria for evaluating prospective target businesses, but may enter into a business combination with a target that does not meet these criteria, potentially affecting the success of the combination [184]. - There is a limited ability to evaluate the target's management team, and future management may lack necessary skills for public company operations [67]. - The time and costs associated with selecting and completing a business combination are uncertain, and unsuccessful evaluations may lead to financial losses [65]. Miscellaneous - The company has received a tax exemption undertaking from the Cayman Islands government for a period of 20 years, exempting it from certain taxes on profits and income [119]. - The company may be deemed a "blank check" company under U.S. securities laws, exempt from certain investor protections, allowing a longer period to complete an initial business combination [167]. - The market for directors and officers liability insurance has become less favorable, potentially increasing costs for the company [175]. - The need for additional "run-off insurance" could add expenses for the post-business combination entity, impacting its ability to negotiate favorable terms [177].
Slam (SLAM) - 2022 Q3 - Quarterly Report
2022-11-14 11:41
Table of Contents 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 September 30, 2022 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporat ...
Slam (SLAM) - 2022 Q2 - Quarterly Report
2022-08-12 20:36
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 June 30, 2022 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporation or organization) 50 ...
Slam (SLAM) - 2022 Q1 - Quarterly Report
2022-05-13 20:18
FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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) Cayman Islands 001-40094 98-1211848 (State or other jurisdiction of incorporation ...
Slam (SLAM) - 2021 Q4 - Annual Report
2022-03-29 20:31
Table of Contents 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 period from January 7, 2021 through December 31, 2021 ☐ 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 jurisdict ...