Item 8.01. Other Events.

On February 25, 2021, the Company consummated its IPO of 57,500,000 units (the "Units") at an offering price of $10.00 per Unit, including 7,500,000 Units as a result of the underwriters' exercise in full of their over-allotment option, with each Unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant of the Company (the "Public Warrants"), and a private placement with Slam Sponsor, LLC (the "Sponsor") of 11,333,333 private placement warrants at a price of $1.50 per warrant as a result of the underwriters' exercise in full of their over-allotment option (the "Private Placement").

The net proceeds from the IPO together with certain of the proceeds from the Private Placement, $575,000,000 in the aggregate (the "Offering Proceeds"), were placed in a trust account established for the benefit of the Company's public shareholders and the underwriters of the IPO with Continental Stock Transfer & Trust Company acting as trustee. Except for the withdrawal from interest earned on the Offering Proceeds in the trust account that may be released to pay income taxes, if any, none of the funds held in the trust account will be released until the earlier of (i) the completion of the Company's initial business combination, (ii) the redemption of the Company's public shares if the Company is unable to consummate an initial business combination within 24 months from the closing of the IPO, subject to applicable law, or (iii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company's Amended and Restated Memorandum and Articles of Association (a) to modify the substance or timing of its obligation to allow redemption in connection with the Company's initial business combination or to redeem 100% of its public shares if the Company does not complete its initial business combination within 24 months from the closing of the IPO or (b) with respect to any other provisions relating to shareholders' rights.

An audited balance sheet as of February 25, 2021 reflecting receipt of the Offering Proceeds has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

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Item 9.01 Financial Statements and Exhibits.




(d) Exhibits



Exhibit
  No.     Description

99.1        Audited Balance Sheet dated February 25, 2021

104       Cover page Interactive Data File (embedded within Inline XBRL document)

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