Trust Size
$200M
Peak Price
$10.00
Current Price
$0.00
Return
0.0%
Peak Market Cap
$200M
What Happened
Alex Rodriguez's SPAC raised $200 million in 2022 but failed to find a merger target and liquidated. A-Rod joined the long list of celebrities who couldn't make SPACs work.
Slam Corp was the SPAC vehicle of Alex Rodriguez, the former New York Yankees slugger turned businessman. The SPAC raised $200 million in its 2022 IPO, targeting sports, media, entertainment, and technology.
A-Rod positioned himself as a serious business figure â he had built a real estate portfolio and investment firm after baseball. But launching a SPAC in 2022 was terrible timing. The SPAC market had collapsed, and potential targets were skeptical of the SPAC route.
Slam Corp failed to identify and complete a merger within its allotted timeframe. The SPAC liquidated and returned cash to shareholders.
Like other celebrity SPACs that liquidated, the return of capital was actually a better outcome than most completed SPAC mergers delivered.
Key People
Alex Rodriguez
Chairman & Co-Sponsor
Former MLB star, built post-career business empire
Marc Lore
Co-Sponsor
Former Walmart eCommerce CEO, serial entrepreneur
Timeline
2022-02-15
SPAC IPO raises $200M
2023-06-01
Explores potential targets without success
2024-02-01
Liquidates and returns cash to shareholders
â Celebrity SPAC
This SPAC featured celebrity involvement â a common pattern during the 2020-2021 mania where famous names lent credibility to blank-check companies.
ð SEC Filings
View all EDGAR filings for Slam Corp
Risk Scores
Dilution Score
10/100
Insider Profit Index
5/100