On June 19, 2025, SLAM Corp. filed a complaint in the Delaware Court of Chancery seeking to prevent Lynk from terminating the Business Combination Agreement (BCA) and alleging that Lynk breached its obligations under that agreement. The BCA includes a termination date of June 30, 2025.

Lynk believes SLAM's claims are baseless. Lynk will vigorously defend against them and intends to file counterclaims.

Meanwhile, Lynk’s new management team and partners remain focused on strengthening the company’s competitive position and executing its roadmap to deliver direct-to-device (D2D) services globally.

About Lynk

Lynk is a patented, proven, and commercially-licensed satellite-direct-to-standard-mobile-phone system. Lynk’s technology enables MNOs to provide their subscribers with connections from space for their unmodified mobile devices, enabling messaging, voice and data services designed for both commercial and government applications. Lynk’s technology has been tested and proven on all seven continents, and the Company is partnered with 50 MNOs and has commercial contracts to deliver services to approximately 60 countries. For more information, visit www.lynk.world.

For more information about Lynk Global and its direct-to-device satellite technology, visit www.lynk.world.

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