Slam Corp. (SLAMF) Form 8-K — Oct 1, 2026
Slam Corp. issued an Amended and Restated Consolidated Promissory Note to its sponsor, Slam Sponsor, LLC, consolidating ten promissory notes issued between November 2021 and May 2025 into a single $15,514,982 note. No new money was borrowed, and all undrawn commitments (including $506,018) were terminated. The new note accrues prime-rate interest from October 1, 2026, matures on its fifth anniversary, and is forgivable upon liquidation without a business combination, with the sponsor waiving any claim to the trust account.
Key figures
- Debt Amount
- 15514982
- Interest Rate
- prime rate as published in The Wall Street Journal (non-compounding)
- Maturity Date
- Fifth anniversary of October 1, 2026 issuance
- Prior notes count
- 10
- Undrawn commitment terminated
- $506,018 under the May 15, 2025 note
- Warrant conversion right terminated
- $1,500,000 at $1.50 per warrant
AI analysis
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