A-Rod’s Slam SPAC to Merge With Satellite Firm Lynk Global (1)

A blank-check company set up by former New York Yankees all-star Alex Rodriguez has agreed to merge with satellite communications provider Lynk Global Inc.

Slam Corp. has signed a letter of intent to combine with Lynk, with the merged company expected to list on the Nasdaq stock exchange, according to a statement on Monday that confirmed a Bloomberg News report. The company is expected to be valued at no less than $800 million upon the closing of the transaction.

Led by Chief Executive Officer Charles Miller, Lynk Global is working on delivering satellite service to ...