Lynk Global to become public through Slam Corp. LOI

Lynk Global and Slam Corp. (SLAM), a special purpose acquisition company, announced that they have signed a non-binding letter of intent, or LOI, for a potential business combination. Under the terms of the LOI, the combined company would operate as Lynk Global and its common stock and warrants are expected to be listed on Nasdaq under the ticker symbol (LYNK). Lynk and Slam intend to finalize their definitive business combination agreement in the coming weeks and will announce additional details at that time. Based on the LOI, the combined company is expected to be valued at no less than $800M upon listing, subject to current market conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.