Direct-to-device (D2D) satellite service provider Lynk Global missed a third deadline to list on the Nasdaq stock exchange, following a delay in plans to complete a merger with special purpose acquisition company Slam.

Lynk Global targeted a listing by yesterday (25 March), after missing dates in August and December 2024.

A representative stated to Mobile World Live there is currently no new deadline for the stock listing to take place but the deal has a final termination date of 25 June, 2025. 

Slam was delisted from the Nasdaq stock market in August 2024, but stated at the time it would continue trading in over-the-counter markets and its tie-up with Lynk Global would “be materially unaffected by the transition”.

A regulatory filing in December 2024 revealed Slam’s finances dwindled to $22.8 million from $575 million from listing shares on Nasdaq in 2021 due to investor redemptions.

Lynk Global secured investments from Intelsat and SES in a recent Series-B funding round, part of a goal to raise $215 million.

The company announced successful D2D tests with Turkcell yesterday (25 March), delivering SMS and voice connectivity in rural parts of Turkey.