Lynk Global’s SPAC merger on the rocks

Lynk Global’s SPAC merger on the rocks

Slam Corp, the shell company founded by former MLB player Alex Rodriguez, is suing Lynk Global to stop the direct-to-smartphone satellite operator from walking away from their long-delayed merger. The post Lynk Global’s SPAC merger on the rocks appeared first on SpaceNews.

The SPAC is Back!

Illustration by Daniel MedinaBloomberg News reported last week that Goldman Sachs, after a 2022 self-imposed ban, is getting back in the SPAC underwriting game. Back in 2021, as Fed monetary policy supercharged a speculative mania, SPACs were the poster children of markets gone wild. Goldman underwrote more than $16 billion of the product in 2021 as Wall Street pumped out more than $170 billion overall, led by Citigroup’s $22 billion.What is a S…

Lynk Global’s SPAC Merger On The Rocks - Data Intelligence

TAMPA, Fla. — Slam Corp, the shell company founded by former MLB player Alex Rodriguez, is suing Lynk Global to stop the direct-to-smartphone satellite operator from walking away from their long-delayed merger. Investors in Rodriguez’s special purpose acquisition company recently approved the SPAC’s proposal to extend its deadline for closing the merger to as late as Dec. 25, even though Lynk says the deal agreement includes a June 30 terminatio…