A-Rod's SPAC Slam Corp. (SLAM) Opens at $10.28

February 23, 2021 11:08 AM EST

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Today's IPO for A-Rod's SPAC Slam Corp. (NASDAQ: SLAM) (NASDAQ: SLAMU) opened for trading at $10.28 after pricing its initial public offering of 50,000,000 units at $10.00 per unit.

Goldman Sachs & Co. LLC and BTIG, LLC are serving as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 7,500,000 units at the initial public offering price to cover any over-allotments.

Slam Corp. is a newly organized, blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and will not be limited to a particular industry or geographic region. The Company's Founding Partners are A-Rod Corp and Antara Capital LP.

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