What changed
Slam Corp. issued an Amended and Restated Consolidated Promissory Note to Slam Sponsor, LLC on October 1, 2026, consolidating ten prior notes issued between November 30, 2021 and May 15, 2025. The principal is $15,514,982, with no new borrowing; all undrawn commitments were terminated. The prior notes bore no interest, while the consolidated note bears interest at the prime rate published in The Wall Street Journal, non-compounding, payable on the same terms as principal. It matures on the fifth anniversary of issuance, and an initial business combination will not accelerate maturity. If the company liquidates without a business combination, the note is forgiven except to the extent of funds outside the trust account, and the Sponsor waived claims against the trust account. The company may settle amounts by issuing Class A ordinary shares at a 20-trading-day volume-weighted average price. The Sponsor terminated its right to convert up to $1,500,000 of working capital loans into warrant
Why it matters
Slam Corp. issued an Amended and Restated Consolidated Promissory Note to Slam Sponsor, LLC on October 1, 2026, consolidating ten prior notes issued between November 30, 2021 and May 15, 2025. The pri