Connecting everyone, everywhere

The world’s only patented, proven & commercially licensed satellite-direct-to-standard-phone system

Lynk has proven two-way sat2phone connectivity on all seven continents, including SMS, emergency
alerts, voice calls, and data, and is scaling to provide coverage everywhere on Earth at broadband

Combined company expected to list on Nasdaq under the ticker symbol “LYNK” in the second half of 2024

Lynk Global, the world’s leading satellite-direct-to-standard-phone (“sat2phone”) telecoms provider, and Slam Corp. (NASDAQ: SLAM), a special purpose acquisition company (“Slam”), today announced that they have signed a non-binding letter of intent (“LOI”)
for a potential business combination. Under the terms of the LOI, the combined company (the “Combined
Company”) would operate as Lynk Global, Inc. and its common stock and warrants are expected to be
listed on Nasdaq under the ticker symbol “LYNK” and “LYNKW,” respectively.

Lynk was founded in 2017 by Charles Miller, President and CEO; Margo Deckard, COO; and Tyghe
Speidel, CTO. Lynk’s proprietary technology created the sat2phone category, which encompasses
products and services that leverage mobile phones. It designs, builds, and operates proprietary “cell
tower-in-space” satellites that provide direct-to-standard-phone connectivity and global coverage. Lynk
believes it is the world’s only patented, proven, and commercially licensed sat2phone system. Lynk has
proven two-way sat2phone connectivity on all seven continents, including SMS, emergency alerts, voice
calls, and data and is scaling to provide ubiquitous service at broadband speeds. Lynk partners with
wireless providers and mobile network operators (“MNOs”) to deliver connectivity to their customers
through their existing mobile devices.

“Lynk was created with the mission to connect everyone, everywhere by providing affordable connectivity
to billions globally using the phones already in their pockets,” stated Lynk CEO, Charles Miller. “In effect,
we’ve created a new category, and our operational technology requires no change to consumers’ phones
while delivering services with immense lifesaving implications. As a public company, we will have access
to greater capital to take advantage of the satellite-direct-to-device opportunity, bringing these services to
even more people and truly ending the era of the disconnected.”

Alex Rodriguez, Chief Executive Officer of Slam, said “Lynk has built a truly global platform that is set to
revolutionize the satellite-direct-to-phone sector. Since Slam’s listing, we have sought to partner with a
company beyond providing capital, through operational support, commercial network expansion, and
brand amplification. Lynk is a perfect fit for our investment criteria. We are impressed by its innovative
technology and proven ability to scale. The Combined Company is positioned to make a tremendous
global impact, potentially providing broadband access to billions of people currently underserved by a
lack of mobile connectivity.”

Lynk and Slam intend to finalize their definitive business combination agreement (the “Business
Combination”) in the coming weeks and will announce additional details at that time. Based on the LOI,
the Combined Company is expected to be valued at no less than $800 million upon listing, subject to
current market conditions. There can be no assurance that a definitive agreement will be entered into or
that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or
at all.

Lynk Investment Highlights
Patented and Proven Technology

• Lynk believes it is the world’s only patented, proven, and commercially licensed satellite-direct-to
standard-phone system.
• Lynk technology is compatible with any unmodified cellular device from 2G to 5G, and is positioned for
compatibility with future generations of devices.
• Successfully launched three commercial satellite cell towers in space and has begun operations in four
• Lynk’s technology has been tested and proven in over 25 countries and on all seven continents.
• Lynk has signed 35 commercial contracts to provide coverage in approximately 50 countries.
Attractive Satellite Communications Market Opportunity
• Satellite communications represent approximately $14 billion of the broader global connectivity market
valued at more than $1 trillion annually, growing at a 12% CAGR through 2030 to approximately $35
• Satellite-direct-to-device is a new category within satellite communications that analysts estimate could
Satellitedirecttodevice is a new category within satellite com
• Approximately 750 million of the 5.4 billion existing mobile phone users are not connected on average at
any point in time due to being in “coverage black spots.”
• Traditional mobile cell coverage is limited by the economics of building and operating traditional ground
based cell towers, making it cost-prohibitive to expand mobile cell coverage into remote areas lacking
• Satellite cell towers are approximately four orders of magnitude lower in operating expense per square
mile than traditional ground-based cell towers. This allows satellite cell towers to affordably fill in black
spots and lower the pricing of ground-based cell towers.
Clear Growth Trajectory with MNOs
• Lynk partners with MNOs around the world to offer 100% geographic coverage in their territory by
integrating seamlessly with their existing network.
• Lynk believes sat2phone services could drive 40% top-line growth in the mobile wireless market from
today’s $1 trillion per year to $1.4 trillion annually.
• These estimates represent $150 billion annually from “everywhere connectivity” for the 5.4 billion existing
mobile customers, and approximately $250 billion annually from new customers who buy their first mobile
device once guaranteed coverage is in place.

Experienced and Proven Management
• Lynk leadership represents the best of the space, telecoms, and satellite industries.
• Average of 32 years of experience in the space and telecoms industries, in both the public and private
• Three Lynk co-founders lead the c-suite.
• Proprietary network of advisors with deep expertise and experience across satellite, telecoms, and
technology industries.

Jones Trading is serving as financial advisor and BTIG, LLC is serving as capital markets advisor to Lynk
Global, Inc. Goodwin Procter LLP is serving as legal counsel to Lynk Global, Inc. Kirkland & Ellis LLP is
serving as legal counsel to Slam Corp.

About Lynk
Lynk believes it is the world’s only patented, proven, and commercially-licensed satellite-direct-to
standard-mobile-phone system. Today, Lynk allows commercial subscribers to send and receive text
messages to and from space, via standard unmodified mobile devices. Lynk’s service has been
demonstrated in over 25 countries and is currently being deployed commercially, based on 35 MNO
commercial service contracts covering approximately 50 countries. Lynk is currently providing cell
broadcast (emergency) alerts, and two-way SMS messaging, and intends to launch voice and mobile
broadband services in the future. By partnering with Lynk via a simple roaming agreement, a mobile
network operator opens the door to new revenue in untapped markets, gives subscribers peace of mind
with ubiquitous connectivity, and may possibly provide a pathway to economic prosperity for billions. For
more information, visit or follow @lynktheworld.

About Slam Corp.
Slam Corp. (Nasdaq: SLAM) is a special purpose acquisition company established by baseball legend,
investor and Chairman and Chief Executive Officer of A-Rod Corp., Alex Rodriguez, and Founder,
Managing Partner and Chief Investment Officer of Antara Capital LP, Himanshu Gulati. Slam Corp. intends
to pursue investment opportunities with companies that have large and growing addressable markets,
significant revenue growth, defensible business models and superior market share.