Slam Corp (SLAM) has released an update to notify the public and investors about an entry into a material definitive agreement.
Slam Corp. has entered into a complex business combination agreement with Lynk Global Inc., initiating a multi-stage merger process that will ultimately see Lynk, a company specializing in satellite-to-phone connectivity, become a wholly-owned subsidiary of Topco. The transaction, approved by both companies’ boards, will result in a new dual-class share structure for Topco, and is subject to various conditions including shareholder approval and regulatory clearances. This strategic move aims to leverage Lynk’s innovative technology and commercial authorization in the global connectivity space, potentially offering an attractive proposition for investors eyeing the telecom and satellite sector.
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For a comprehensive understanding of the announcement, you can read the full document here.
