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Slam Corp.

CIK: 18381622 Annual ReportsLatest: 2025-04-15

10-K / April 15, 2025

Revenue:N/A
Income:$1,828,661

10-K / April 1, 2024

Revenue:N/A
Income:$4,586,120

10-K / April 15, 2025

Company Overview of Slam Corp.

Business Type:
Slam Corp. is a Cayman Islands exempted company that functions as a blank check company (Special Purpose Acquisition Company - SPAC). Its primary purpose is to identify, evaluate, and consummate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating entities.

Strategic Focus:

  • Target industries: sports, media, entertainment, health and wellness, consumer technology.
  • Excludes professional sports franchises.
  • The company intends to acquire market-leading businesses with large and growing addressable markets, defensible business models, significant revenue growth, and superior market share.

Management and Founding Team:

  • CEO: Alex Rodriguez (famous athlete, investor, and owner of A-Rod Corp LLC)
  • Chairman: Himanshu Gulati (Founder and Managing Partner of Antara Capital LP)
  • Other Executives: Kelly Laferriere (President), Chetan Bansal (Chief Development Officer), Ryan Bright (Chief Financial Officer)
  • Directors: Lisa Harrington, Reggie Hudlin, Julian Nemirovsky, Alexandre Zyngier

Number of Employees:

  • Currently, the management team comprises five executive officers. They do not intend to have full-time employees before the initial business merger.

Capital and Financials:

  • As of December 31, 2024:
    • Approximately $22,852,136 available in the trust to complete an initial business combination.
    • No revenues or operating income are reported; the company is at organizational/search stage.
    • The company has not generated any operating income or revenues to date.

Shareholder and Market Information:

  • Outstanding Shares (as of April 10, 2025):
    • 16,140,267 Class A ordinary shares (including units that began trading on Nasdaq and then separately on OTCX)
    • 165,000 Class B ordinary shares
  • Market Capitalization (as of June 30, 2024):
    • Approximately $21,468,572 (based on a closing share price of $11.12).
  • Trading Markets:
    • Units and some shares traded OTCX, with units initially listed on Nasdaq.
  • No revenues, no profits:
    • The company has not reported any revenue or income; its activities are solely organizational and in the search for a target business to acquire.

Purpose and Strategy:

  • To build a publicly traded asset leveraging the founder's (Alex Rodriguez) personal influence, global recognition, and extensive network in sports, media, and consumer markets.
  • Focus on companies with large addressable markets, proven business models, strong management teams, and significant growth potential.
  • Utilizing proprietary deal flow through the management’s networks and strategic relationships to identify acquisition candidates.

Additional Details:

  • Company is classified as a "Smaller reporting company" and an "Emerging growth company," with reduced disclosure obligations.
  • The company is structured to potentially domesticate from Cayman Islands to Delaware upon business combination, and consolidate target entities through complex mergers involving Lynk Global, Topco, and subsidiaries.

This summary only includes explicit details provided in the filing; there are no hypothetical or inferred data points such as specific revenues, profits, or number of customers.