Social Leverage Acquisition Corp I
SLAC
New York Stock Exchange10.31
USD
+0.01
- -
Social Leverage Acquisition Corp I
SLAC
(New York Stock Exchange)
Recent
price
10.31
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Social Leverage Acquisition Corp I (NASDAQ: SLAC) is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a primary focus on innovative and mission-driven targets in the financial technology, enterprise software and consumer technology sectors; it currently conducts no significant operations and generates no revenues. Founded in 2020 and headquartered in Scottsdale, Arizona, the company raised gross proceeds of $345 million in its initial public offering in February 2021, initially listing on the NYSE before transferring to Nasdaq in December 2022. In August 2022, SLAC announced a business combination agreement with W3BCLOUD Holdings Inc., a Web3 infrastructure provider, which was revised in April 2023 to lower the minimum cash condition to $40 million, incorporate $50 million in committed PIPE investments, extend the deal deadline to February 2024 and add a non-binding $150 million equity facility term sheet with B. Riley Principal Capital II; however, the parties mutually terminated the agreement in September 2023 due to market conditions, after which SLAC indicated it would seek an alternative business combination, with no further mergers or significant developments reported as of late 2024 amid a share price decline to near zero.
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