Lynk Global, Inc., a provider of satellite-to-phone communications, and Slam Corp. (NASDAQ: SLAM), a special purpose acquisition company, have announced they have signed a non-binding letter of intent for a potential merger. This move, once finalized, is set to list Lynk Global, Inc. as a publicly-traded entity under the ticker symbols “LYNK” for common stock and “LYNKW” for warrants on Nasdaq.
Founded in 2017, Lynk created sat2phone technology, a proprietary system that uses “cell-tower-in-space” satellites. These satellites enable direct connectivity to standard mobile phones, offering global coverage without the need for any additional hardware on the consumer’s end.
Lynk has since demonstrated two-way sat2phone connectivity across all seven continents. This encompasses a range of services including SMS, emergency alerts, voice calls, and data. The company is now in the process of scaling its technology to provide ubiquitous service at broadband speeds. A key aspect of Lynk’s strategy involves partnering with wireless providers and mobile network operators (MNOs) to deliver this connectivity seamlessly to customers through their existing mobile devices.
Charles Miller, CEO of Lynk, emphasizes the company’s mission: “Lynk was created with the mission to connect everyone, everywhere by providing affordable connectivity to billions globally using the phones already in their pockets.” He further adds, “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.”
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