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OTC Markets Group Welcomes Slam Corp. to OTCQX

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OTC Markets Group (OTCQX: OTCM) has announced that Slam Corp. (OTCQX: SLAMF), a special purpose acquisition company led by Alex Rodriguez, has qualified to trade on the OTCQX® Best Market. Slam Corp. has transitioned from NASDAQ to OTCQX, where it begins trading its Class A Ordinary Shares, Units, and Warrants under the symbols SLAMF, SLMUF, and SLMWF, respectively.

The OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, offering streamlined requirements designed to reduce complexity while ensuring transparency for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.

OTC Markets Group (OTCQX: OTCM) ha annunciato che Slam Corp. (OTCQX: SLAMF), una società di acquisizione per scopi speciali guidata da Alex Rodriguez, ha ottenuto l'idoneità per essere scambiata sul OTCQX® Best Market. Slam Corp. è passata da NASDAQ a OTCQX, dove inizia a trattare le sue Azioni Ordinarie di Classe A, Unit e Warrant con i simboli SLAMF, SLMUF e SLMWF, rispettivamente.

Il mercato OTCQX offre alle aziende un accesso efficiente e conveniente ai mercati di capitali statunitensi, con requisiti semplificati progettati per ridurre la complessità pur garantendo trasparenza per gli investitori. Per qualificarsi, le aziende devono soddisfare elevati standard finanziari, adottare le migliori pratiche nella governance aziendale e rispettare le leggi sui valori mobiliari applicabili.

OTC Markets Group (OTCQX: OTCM) ha anunciado que Slam Corp. (OTCQX: SLAMF), una compañía de adquisición de propósito especial liderada por Alex Rodriguez, ha calificado para operar en el OTCQX® Best Market. Slam Corp. ha pasado de NASDAQ a OTCQX, donde comenzará a negociar sus Acciones Ordinarias de Clase A, Unidades y Warrants bajo los símbolos SLAMF, SLMUF y SLMWF, respectivamente.

El mercado OTCQX proporciona a las empresas un acceso eficiente y rentable a los mercados de capitales de EE. UU., ofreciendo requisitos simplificados diseñados para reducir la complejidad mientras se asegura la transparencia para los inversionistas. Para calificar, las empresas deben cumplir con altos estándares financieros, seguir las mejores prácticas de gobernanza corporativa y cumplir con las leyes de valores aplicables.

OTC 마켓 그룹 (OTCQX: OTCM)은 Slam Corp. (OTCQX: SLAMF)가 알렉스 로드리게스가 이끄는 특수 목적 인수 회사로서 OTCQX® 최고의 시장에서 거래 자격을 얻었다고 발표했습니다. Slam Corp.는 NASDAQ에서 OTCQX로 전환하여 클래스 A 보통주, 유닛 및 워런트를 각각 SLAMF, SLMUF 및 SLMWF 기호로 거래하기 시작합니다.

OTCQX 시장은 기업에 효율적이고 비용 효과적인 미국 자본 시장 접근을 제공하며, 투자자에게 투명성을 보장하면서 복잡성을 줄이기 위해 설계된 간소화된 요구 사항을 제공합니다. 자격을 얻으려면 기업은 높은 재무 기준을 충족하고, 지배 구조의 모범 사례를 따라야 하며, 적용 가능한 증권법을 준수해야 합니다.

OTC Markets Group (OTCQX: OTCM) a annoncé que Slam Corp. (OTCQX: SLAMF), une société d'acquisition à but spécial dirigée par Alex Rodriguez, a obtenu l'éligibilité pour être négocié sur le marché OTCQX® Best Market. Slam Corp. a effectué une transition du NASDAQ vers le OTCQX, où elle commence à trader ses Actions Ordinaires de Classe A, Unités et Warrants sous les symboles SLAMF, SLMUF et SLMWF, respectivement.

Le marché OTCQX offre aux entreprises un accès efficace et rentable aux marchés de capitaux américains, proposant des exigences simplifiées visant à réduire la complexité tout en garantissant la transparence pour les investisseurs. Pour se qualifier, les entreprises doivent respecter des normes financières élevées, suivre les meilleures pratiques de gouvernance d'entreprise et se conformer aux lois sur les valeurs mobilières applicables.

Die OTC Markets Group (OTCQX: OTCM) hat bekannt gegeben, dass Slam Corp. (OTCQX: SLAMF), ein auf einen speziellen Zweck ausgerichtetes Akquisitionsunternehmen unter der Leitung von Alex Rodriguez, die Qualifikation für den Handel am OTCQX® Best Market erreicht hat. Slam Corp. ist von der NASDAQ zum OTCQX gewechselt, wo sie mit ihren Stammaktien der Klasse A, Einheiten und Warrants unter den Symbolen SLAMF, SLMUF und SLMWF beginnt.

Der OTCQX-Markt bietet Unternehmen effizienten und kostengünstigen Zugang zu den US-Kapitalmärkten und bietet vereinfachte Anforderungen, die darauf abzielen, die Komplexität zu reduzieren und gleichzeitig Transparenz für Investoren zu gewährleisten. Um sich zu qualifizieren, müssen Unternehmen hohe finanzielle Standards erfüllen, bewährte Praktiken der Unternehmensführung einhalten und die geltenden Wertpapiergesetze beachten.

Positive
  • Slam Corp. gains access to U.S. capital markets through OTCQX Best Market
  • Potential for reduced costs and complexity of being publicly traded
  • Increased transparency for investors through Real-Time Level 2 quotes
Negative
  • Delisting from NASDAQ may be perceived as a downgrade
  • Potential decrease in liquidity compared to NASDAQ trading

NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Slam Corp. (OTCQX: SLAMF), a special purpose acquisition company led by World Series Champion Alex Rodriguez, has qualified to trade on the OTCQX® Best Market. Slam Corp. previously traded its Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”), units, each consisting of one Ordinary Share and one-fourth of one redeemable warrant (the “Units”), and redeemable warrants (the “Warrants”), each one whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, on NASDAQ.

Slam Corp. begins trading its Class A Ordinary Shares, Units and Warrants today on OTCQX under the symbols “SLAMF,” “SLMUF,” and “SLMWF”, respectively. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Slam Corp.
Slam Corp. is a special purpose acquisition company established by baseball legend, investor and Chairman and Chief Executive Officer of A-Rod Corp., Alex Rodriguez, and Founder, Managing Partner and Chief Investment Officer of Antara Capital LP, Himanshu Gulati. Slam intends to pursue investment opportunities with companies that have large and growing addressable markets, significant revenue growth, defensible business models and superior market share.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com


FAQ

What is Slam Corp.'s new trading symbol on OTCQX?

Slam Corp.'s Class A Ordinary Shares now trade on OTCQX under the symbol SLAMF.

Who leads Slam Corp., the company now trading on OTCQX?

Slam Corp. is led by World Series Champion Alex Rodriguez.

What are the benefits for Slam Corp. trading on OTCQX?

Trading on OTCQX offers Slam Corp. efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to lower the cost and complexity of being publicly traded.

How can investors find financial information about Slam Corp. (OTCQX: SLAMF)?

Investors can find current financial disclosure and Real-Time Level 2 quotes for Slam Corp. on www.otcmarkets.com.

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