Kirkland, White & Case Drive Home A-Rod's $500M SPAC

Law360 (February 23, 2021, 6:44 PM EST) -- A blank-check company backed by former baseball star Alex Rodriguez and focused on the sports, media or entertainment sectors began trading Tuesday on the Nasdaq after raising $500 million in an initial public offering led by Kirkland and White & Case.

Slam Corp. said in a statement Monday it sold 50 million units at $10 each, with each unit including one share of common stock and one-fourth of a warrant. A whole warrant can be redeemed for one share of common stock at $11.50 each, and the underwriters have a 45-day option to buy up to 7.5 million units, which could...

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