**SLAM Corp. Announces Updates on Shareholder Meeting Adjournment and Extension Proposals**

*NEW YORK – In a recent 8-K filing with the Securities and Exchange Commission (SEC), Slam Corp. (OTCMKTS:SLAMU) disclosed significant updates regarding its extraordinary general meeting and proposed amendments to its amended and restated memorandum and articles of association.*

The company revealed that on December 9, 2024, Slam Corp. convened an extraordinary general meeting but adjourned it to December 16, 2024, without conducting additional business. The adjourned meeting is set for 10:00 a.m. Eastern Time on December 18, 2024, informed to shareholders virtually as well as at the offices of Kirkland & Ellis LLP in New York.

One of the pivotal announcements includes the extension from December 25, 2024, to January 25, 2025, for Slam to consummate a Business Combination, with the possibility of further monthly extensions for up to eleven times, under the discretion of the board of directors, if facilitated by Slam Sponsor, LLC. The Shareholder Meeting is expected to converge on proposals concerning amendments and redemptions, addressing the issuance of Class A Ordinary Shares and allowing shareholders to convert Class B Ordinary Shares to Class A Ordinary Shares.

Moreover, Slam Corp. has declared its intention to waive its rights to the funds in the trust account for dissolution expenses relating to the liquidation process, as mentioned during the Shareholder Meeting adjournment. The company anticipates that the Sponsor will convert 14,374,000 Class B Ordinary Shares into Public Shares on the following business day after the adjourned meeting.

Additionally, Slam Corp revealed plans to allow the Sponsor or one of its affiliates to make contributions to the Trust Account following the approval and implementation of specific proposals. Moreover, the company proposed a shorter three-month extension to complete a Business Combination, with a provision for extending the termination date on a monthly basis for an additional three months without shareholders’ approval, aiming to retain at least 2,000,000 Public Shares.

The recent updates further detail the legal amendments and intricate procedures Slam Corp. is undertaking as part of its ongoing shareholder engagement and future business strategies. Shareholders and market analysts eagerly await the consequential decisions expected to be made by Slam Corp.’s board of directors following the extended Shareholder Meeting.

Issued by Slam Corp., this information delineates the company’s commitment to transparent shareholder communication and strategic business decisions.

The contents of this article are based on the 8-K filing by Slam Corp. with the SEC. Interested parties are advised to consider the full 8-K disclosure for comprehensive insights.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Slam’s 8K filing here.

About Slam

Slam Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.