Slam Corp. 8-K

What Happened

• Slam Corp. announced that at a shareholder meeting on December 24, 2025, shareholders approved an amendment to the company’s Articles to extend the deadline to complete a business combination (the “Termination Date”) from December 25, 2025 to December 25, 2026. The company filed the Third Amendment to its Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies, effective December 24, 2025.
• The amendment also allows the board, at the sponsor’s request and on five days’ advance notice, to extend the Termination Date on a monthly basis without another shareholder vote for up to five additional months after December 25, 2026 (i.e., through May 25, 2027), unless a business combination closes earlier. The Adjournment proposal was not needed because there were sufficient votes to approve the extension.

Key Details

• Shareholder meeting date: December 24, 2025; amendment filed effective December 24, 2025.
• New Termination Date: December 25, 2026, with board-authorized monthly extensions (up to 5 months) possible through May 25, 2027.
• Vote tally on the Extension Amendment Proposal: For 14,223,948; Against 915; Abstain 300.
• Redemption: Holders of 39,729 Public Shares properly exercised redemption rights for cash. 14,225,163 Ordinary Shares were present in person or by proxy (~98.18% of voting power), constituting a quorum.

Why It Matters

• For investors, this gives Slam more time to complete a business combination — up to a year plus up to five additional months — which affects the timeline for any proposed merger or acquisition and the corresponding strategy for investors holding or considering the Public Shares.
• The recorded redemptions were small relative to shares present at the meeting, but shareholders should monitor future notices for any further extensions, proxy solicitations, or deal announcements that could affect timing, liquidity, or value.