A blank-check firm backed by former New York Yankees slugger Alex Rodriguez and hedge fund Antara Capital, aims to raise $500 million in its IPO.
Slam Corp. registered with the SEC to offer 50 million units at $10 each.
This is the latest SPAC formed with celebrity backing. With former Disney executives, Shaq has a SPAC. So does movie mogul Peter Guber, singer Ciara and Jay-Z.
Slam said it will target businesses in the sports, media, entertainment, health and wellness and consumer technology sectors, but not professional sports franchises.
Slam was established by baseball legend, investor, and Chairman and CEO of A-Rod Corp, Alex Rodriguez, and Founder, Managing Partner and Chief Investment Officer of Antara Capital Himanshu Gulati.
The SPAC intends to list on the Nasdaq under SLAMU. Read more.
