Lynk Global, a leading satellite direct-to-device provider, has announced significant leadership changes to accelerate growth. Dan Dooley, formerly Chief Commercial Officer, has been appointed as CEO, responsible for strategy, operations, and commercial activities. Dr. John M. Olson joins as President of Strategic Development, bringing extensive experience from the Air Force, NASA, and private sector. Charles Miller, co-founder and former CEO, transitions to Chairman of the Board.
These changes aim to scale satellite production and expand global commercial efforts. Lynk has partnerships with over 40 Mobile Network Operators worldwide and has begun direct-to-device services in seven countries. The company plans to become publicly listed through a business combination with Slam Corp. (NASDAQ: SLAM), potentially trading under the ticker 'LYNK'.
SLAM Corp. (NASDAQ: SLAM) announced its transition from Nasdaq to OTC Markets, with trading expected to begin on August 27, 2024, under the same SLAM and SLAMW ticker symbols. This move is a procedural measure due to timing requirements and does not affect the ongoing business combination with Lynk Global, a leading satellite-direct-to-standard-phone provider. The combined company anticipates listing on Nasdaq under the symbol LYNK upon closing the transaction, which has an extended termination date of December 25, 2024.
Lynk Global has recently secured commercial contracts with global mobile network operators and the U.S. government, positioning itself in the growing sat2phone market, estimated to be a significant opportunity in the satellite communications industry.
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