Digital Investment Strategy discloses large Slam Corp. (SLAMF) share and warrant holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Digital Investment Strategy LLC filed an initial ownership report for its indirect stake in Slam Corp.. Through Slam Sponsor, LLC, it holds 1,000 Class B ordinary shares, which automatically convert into Class A ordinary shares at no less than a one-to-one ratio after Slam Corp.'s initial business combination or earlier at the holder's option.
The filing also shows indirect ownership of 14,211,000 Class A ordinary shares and private placement warrants exercisable for 11,333,333 Class A ordinary shares at an exercise price of $11.50 per share. These private placement warrants are restricted from transfer until 30 days after completion of the initial business combination and will expire worthless if no business combination is completed by the deadline in Slam Corp.'s governing documents.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Digital Investment Strategy LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 1,000 shares (Indirect, See footnote);
Warrants — 11,333,333 shares (Indirect, See footnote);
Class A Ordinary Shares — 14,211,000 shares (Indirect, See footnote)
Footnotes (1)
- Securities held directly by Slam Sponsor, LLC. Digital Investment Strategy LLC is the sole member of Slam Sponsor, LLC, and as a result, may be deemed to share beneficial ownership of the securities held directly by Slam Sponsor, LLC. Each Class B ordinary share, par value $0.0001, ("Class B Shares") will automatically convert into Class A ordinary shares, par value $0.0001, of the Issuer ("Class A Shares") at a ratio of no less than one-to-one on the first business day following the consummation of the Issuer's initial business combination, or earlier at the option of the holder thereof, with the actual conversion rate as described in the Issuer's registration statement on Form S-1 (File No. 333-252727) under the heading "Description of Securities-Founder Shares" filed with the Securities and Exchange Commission on February 22, 2021. The Class B Shares have no expiration date. The private placement warrants (including the Class A ordinary shares issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days after the completion of the Issuer's initial business combination, and they will not be redeemable by the Issuer so long as they are held by Slam Sponsor, LLC or its permitted transferees (except as otherwise set forth herein). If the Issuer does not complete a business combination by the date by the deadline set forth in the amended and restated memorandum and articles of association, the private placement warrants will expire worthless.
Key Figures
Class A shares held: 14,211,000 shares
Private placement warrants: 11,333,333 underlying shares
Warrant exercise price: $11.50 per share
+3 more
6 metrics
Class A shares held
14,211,000 shares
Indirect Class A ordinary share ownership reported on Form 3
Private placement warrants
11,333,333 underlying shares
Warrants for Class A ordinary shares, indirect holding
Warrant exercise price
$11.50 per share
Exercise price for private placement warrants
Class B shares held
1,000 shares
Indirect Class B ordinary share ownership, convertible into Class A
Conversion ratio
No less than 1:1
Class B ordinary shares to Class A ordinary shares after business combination
Reporting status
10%+ owner
Digital Investment Strategy LLC identified as ten percent owner
Key Terms
beneficial ownership, Class B ordinary shares, Class A ordinary shares, private placement warrants, +1 more
5 terms
beneficial ownership financial
"may be deemed to share beneficial ownership of the securities held directly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
private placement warrants financial
"The private placement warrants (including the Class A ordinary shares issuable upon exercise"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
initial business combination financial
"on the first business day following the consummation of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
FAQ
What does Digital Investment Strategy LLC report owning in Slam Corp. (SLMUF)?
Digital Investment Strategy LLC reports indirect ownership of 14,211,000 Class A ordinary shares of Slam Corp., plus 1,000 Class B shares and private placement warrants exercisable for 11,333,333 Class A shares, all held through Slam Sponsor, LLC as described in the filing footnotes.
What are the key terms of the Slam Corp. private placement warrants?
The private placement warrants reported are exercisable for 11,333,333 Slam Corp. Class A ordinary shares at an exercise price of $11.50 per share. They cannot be transferred until 30 days after the initial business combination and will expire worthless if no business combination is completed by the stated deadline.
How is Digital Investment Strategy LLC’s ownership in Slam Corp. structured?
All reported Slam Corp. securities are held directly by Slam Sponsor, LLC. Digital Investment Strategy LLC is the sole member of Slam Sponsor, LLC and may be deemed to share beneficial ownership of these securities, reflecting indirect rather than direct holdings in the issuer.
Does this Slam Corp. Form 3 show any insider buying or selling?
No specific purchases or sales are reported. The Form 3 presents Digital Investment Strategy LLC’s existing indirect holdings in Slam Corp., including Class A and Class B ordinary shares and private placement warrants, rather than new buy or sell transactions.