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Slam Corp. reported a change in control after Digital Investment Strategy, LLC completed the purchase of 100% of the equity interests in Slam Sponsor, LLC on March 2, 2026, giving it indirect ownership of the sponsor’s Class A and Class B shares and Private Placement Warrants and the power to appoint all directors. Slam Corp. remains a shell company and its business has not changed.
On the same date, the prior board members and top executives, including former CEO Alex Rodriguez and CFO Ryan Bright, resigned. New leadership tied to the acquiror was appointed, with Maulin Shah becoming Executive Chairman, Joseph Buttram Chief Executive Officer, and Raoul Scott Chief Financial Officer, alongside several new directors with capital markets and crypto/DeFi backgrounds.
Slam Corp. also updated its underwriting arrangements. BTIG, LLC agreed in a new fee waiver letter to waive its deferred underwriting commission in exchange for the right to receive 20,000 Class A ordinary shares upon completion of the company’s initial business combination, replacing an earlier conditional waiver tied to a terminated merger with Lynk Global, Inc.
Slam Corp. is preparing a change in control of its sponsor and a full refresh of its board and top management. On January 27, 2026, sellers agreed to sell 100% of the equity interests of Slam Sponsor, LLC to Digital Investment Strategy, LLC, triggering a change in the majority of directors.
Following the later of the transaction closing and 10 days after this information statement is mailed, Alex Rodriguez and the other incumbent directors will resign, and seven new “14F Directors” will join the board. At the same time, Joseph Buttram will become Chief Executive Officer, Raoul Scott will become President and Chief Financial Officer, and Maulin Shah will serve as Executive Chairman. The statement is for informational purposes only and does not require any shareholder vote or action.
Slam Corp. reported that its sponsor, Slam Sponsor, LLC, has agreed to a change in ownership. On January 27, 2026, the sponsor’s members entered into a securities purchase agreement to sell 100% of the sponsor’s equity interests to Digital Investment Strategy, LLC. The closing is expected no later than March 15, 2026, subject to conditions in the agreement. Once the deal closes, control of the sponsor will transfer to the buyer, and all current directors and officers of Slam Corp. will resign, with new directors and officers appointed by the acquiror.
Slam Corp. reported that shareholders approved an amendment to its memorandum and articles of association to extend the deadline to complete a business combination. The termination date was moved from December 25, 2025 to December 25, 2026, and the board may further extend it, on a monthly basis and without another shareholder vote, for up to five additional months to as late as May 25, 2027 if requested by the sponsor and upon five days’ advance notice.
At the December 24, 2025 shareholder meeting, holders of 14,225,163 ordinary shares were present, representing approximately 98.18% of the voting power, and the extension proposal passed with 14,223,948 votes for, 915 against, and 300 abstaining. In connection with this vote, holders of 39,729 public shares elected to redeem their shares for cash.
Slam Corp. is asking shareholders to approve an amendment extending the deadline to complete a business combination from December 25, 2025 to December 25, 2026, with the option for its board, at the sponsor’s request, to add up to five one-month extensions to May 25, 2027. A second proposal would allow the meeting to be adjourned if there are not enough votes or the board deems it necessary.
Public holders of Class A ordinary shares may redeem their shares for cash if the extension is approved. As of December 11, 2025, the estimated redemption price was about
The sponsor and other initial shareholders hold about
First Trust entities filed an amended Schedule 13G reporting no current stake in Slam Corp. First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC collectively reported 0 shares and 0.00% beneficial ownership of Slam Corp’s Class A Ordinary Shares as of September 30, 2025.
The filing shows 0 sole or shared voting power and 0 sole or shared dispositive power for each reporting person. The filers certify the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.