SLACU Social Leverage Acquisition Corporation I

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 22, 2023

 

 

Social Leverage Acquisition Corp I

(Exact name of registrant as specified in its charter)

 

 

Delaware		001-40059		85-4095616
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

8390 E. Via De Ventura

Suite F110-207

Scottsdale, Arizona 85258

(Address of principal executive offices, including zip code)

 

(302) 492-7522

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one share of Class A common stock, $0.0001 par value and one-fourth of one redeemable warrant		SLACU		The Nasdaq Stock Market LLC
Class A common stock, included as part of the units		SLAC		The Nasdaq Stock Market LLC
Redeemable warrants, included as part of the units		SLACW		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

The information set forth in Item 1.02 below is incorporated by reference into this Item 1.01.

Item 1.02 Termination of a Material Definitive Agreement.

 

As previously disclosed, on July 31, 2022, Social Leverage Acquisition Corp I (“SLAC”), a Delaware corporation, entered into a Business Combination Agreement (the “Original BCA”), with SLAC Merger Sub, Inc., a direct wholly owned subsidiary of SLAC (“Merger Sub”), and W3BCLOUD Holdings Inc. (“W3BCLOUD”), a Delaware corporation, which agreement was amended on April 21, 2023 (the “BCA Amendment” and together with the Original BCA, the “BCA”) relating to the contemplated business combination among the parties thereto.

 

Termination of BCA

 

On September 22, 2023, the parties to the BCA entered into a Termination Agreement (the “Termination Agreement”), pursuant to which, among other things, the parties agreed to mutually terminate the BCA, pursuant to Section 10.01 (a) of the BCA, effective as of September 22, 2023 (the “Termination”).

 

As a result of the Termination, the BCA will be of no further force and effect, and the Ancillary Agreements (as defined in the BCA) will either be terminated in accordance with their terms or be of no further force and effect. Neither party will be required to pay the other any fees or expenses as a result of the Termination. SLAC and W3BCLOUD have also agreed, on behalf of themselves and their respective related parties, to a release of claims relating to the transactions contemplated under the BCA.

 

The foregoing description of the Termination and the Termination Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the full text of the Termination Agreement, a copy of which is attached hereto as Exhibit 10.1, and the full text of the BCA, a copy of which was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) as Exhibit 2.1 to our Current Report on Form 8-K on August 1, 2022, as amended by the BCA Amendment, a copy of which was previously filed with the SEC as Exhibit 2.1 to our Current Report on Form 8-K on April 21, 2023.

 

Item 7.01 Regulation FD Disclosure

 

On September 22, 2023, SLAC issued a press release announcing the execution of the Termination Agreement. The press release is attached hereto as Exbibit 99.1 and is incorporated by reference herein.

 

The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information of the information contained in this Item 7.01, including Exhibit 99.1.

 

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to a future potential business combination and any other statements relating to future results, strategy and plans of SLAC (including certain statements which may be identified by the use of the words “plans”, “expects”, “does not expect”, “estimated”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “does not anticipate”, or “believes”, or variations of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, “projects”, “will”, “will be taken”, “occur” or “be achieved”). Forward-looking statements are based on the opinions and estimates of management of SLAC, as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to a delay in or the failure to close a future potential business combination, the amount of redemptions, the ability to retain key personnel and the ability to achieve stockholder and regulatory approvals and industry trends, legislation or regulatory requirements and developments in the global economy. Additional information on these and other factors that may cause actual results and SLAC’s performance to differ materially is included in SLAC’s periodic reports filed with the SEC, including, but not limited to, SLAC’s Annual Report on Form 10-K for the year ended December 31, 2022, and subsequent Quarterly Reports on Form 10-Q. Copies of SLAC’s filings with the SEC are available publicly on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and SLAC undertakes no obligations to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.		Description
10.1		Termination Agreement, dated September 22, 2023, by and among Social Leverage Acquisition Corp I, SLAC Merger Sub, Inc. and W3BCLOUD Holdings Inc.
99.1		Press Release, dated September 22, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	Social Leverage Acquisition Corp I
Date: September 22, 2023
	By:	/s/ Douglas Horlick
	Name:	Douglas Horlick
	Title:	President and Chief Operating Officer

 

 

3

Exhibit 10.1

  

TERMINATION AGREEMENT

 

This TERMINATION AGREEMENT (the “Agreement”), dated as of September 22, 2023 (the “Effective Date”), is entered into by and among Social Leverage Acquisition Corp I, a Delaware corporation (“Parent”), SLAC Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent (“Merger Sub”), and W3BCLOUD Holdings Inc., a Delaware corporation (the “Company” and, collectively with Parent and Merger Sub, the “Parties”).

 

RECITALS

 

WHEREAS, on July 31, 2022, the Parties entered into a Business Combination Agreement (as amended, the “BCA”);

 

WHEREAS, pursuant to Section 10.01(a) of the BCA, the BCA may be terminated at any time prior to the Closing (as defined in the BCA) by mutual written consent of Parent and the Company; and

 

WHEREAS, the Closing has not occurred as of the date hereof and the Parties desire to execute this Agreement in order to mutually terminate the BCA and abandon the transactions contemplated thereby pursuant to Section 10.01(a) of the BCA, with effect immediately as of the Effective Date.

 

NOW, THEREFORE, in consideration of the foregoing premises and the respective representations, warranties, covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

Article I

 
DEFINITIONS

 

Section 1.1. DEFINITIONS. Unless otherwise specifically defined herein, each capitalized term used but not defined herein shall have the meaning assigned to such term in the BCA.

 

Article II

 
TERMINATION

 

Section 2.1. TERMINATION OF BCA AND ANCILLARY AGREEMENTS.

 

(a) Effective as of the Effective Date, without any further action of the parties thereto or any other Person, the BCA is hereby terminated pursuant to Section 10.01(a) thereof (the “BCA Termination”), and is hereby void and of no effect, and there shall be no liability or obligation on the part of any Party or their respective Affiliates, officers, directors or stockholders arising out of or pursuant to the BCA, except that, in accordance with Section 10.02 of the BCA, the provisions of Section 8.03(a), Section 8.03(b), Section 10.02 and Article XI of the BCA shall survive the BCA Termination and remain in full force and effect.

 

 

(b) The Parties acknowledge and agree that, by virtue of the termination of the BCA, the Ancillary Agreements are hereby terminated in accordance with their terms. The Parties also acknowledge that there are no remaining exclusivity restrictions or other limitations on the other Parties or any other Person with respect to potential transactions with any other Person, whether related to the BCA or otherwise.

 

Article III

 
Public communications

 

Section 3.1. COMMUNICATIONS. Except as provided in Section 3.2 of this Agreement, neither Parent nor the Company, nor any of their respective Affiliates shall make any public announcement or issue any public communication regarding this Agreement, the BCA or the BCA Termination, or any matter related to the foregoing, without first obtaining the prior consent of the Company or Parent, as applicable (which consent shall not be unreasonably withheld, conditioned or delayed), except if such announcement or other communication is (a) required by applicable Law or legal process (including pursuant to U.S. federal securities Laws or the rules of any national securities exchange), in which case, to the extent permitted by Law, Parent or the Company, as applicable, shall use their commercially reasonable efforts to coordinate such announcement or communication with the other Party prior to announcement or issuance and allow the other Party a reasonable opportunity to comment thereon (which shall be considered by Parent or the Company, as applicable, in good faith) or (b) made in any pleadings, court papers or in open court in any action brought by one of the Parties or by any other Person.

 

Section 3.2. FORM 8-K FILING. The Parties acknowledge and agree that, following the execution of this Agreement, Parent may file a Current Report on Form 8-K reporting the execution of this Agreement in a form mutually agreed by the Parties (such agreement not to be unreasonably withheld, conditioned or delayed by any Party); provided that in no event shall the Current Report on Form 8-K be filed later than four (4) business days after the date on which this Agreement is executed.

 

 

Article IV

 
RELEASE

 

Section 4.1. Release.

 

(a) Parent, for itself, and on behalf of its Affiliates and its and their respective equity holders, partners, joint venturers, lenders, administrators, representatives, parents, subsidiaries, officers, directors, attorneys, agents, employees, legatees, devisees, executors, trustees, beneficiaries, predecessors, successors, heirs and assigns (each, in their capacity as such) (the “Parent Releasing Parties”), hereby knowingly, irrevocably, unconditionally, forever and fully releases and discharges the Company and its Affiliates and each of their respective present and former direct and indirect equity holders, directors, officers, employees, predecessors, partners, joint venturers, administrators, representatives, affiliates, attorneys, agents, brokers, insurers, parent entities, subsidiary entities, successors, heirs, and assigns (each, in their capacity as such) (the “Company Released Parties”), from all claims, contentions, rights, debts, liabilities, demands, accounts, reckonings, obligations, duties, promises, costs, expenses (including, without limitation, attorneys’ fees and costs), liens, indemnification rights, damages, losses, actions, and causes of action, of any kind whatsoever, whether due or owing in the past, present or future and whether based upon contract, tort, statute or any other legal or equitable theory of recovery, and whether known or unknown, suspected or unsuspected, asserted or unasserted, fixed or contingent, foreseen or unforeseen, matured or unmatured (collectively, “Claims”), with respect to, pertaining to, based on, arising out of, resulting from, or relating to the BCA, the Ancillary Agreements or the transactions contemplated thereby, including, without limitation, any breach of any representation, warranty, covenant or agreement contained in the BCA or the Ancillary Agreements (the “Parent Released Claims”); provided, however, that if a person or entity that is not a party to the BCA or this Agreement (other than any Affiliate of Parent) makes a claim of any sort against Parent or both Parent and the Company, this Agreement does not (i) bar Parent from seeking and, if decided by a Governmental Authority or otherwise agreed by the Company, being awarded indemnity or contribution from the Company or (ii) bar the Company from opposing any claim by Parent for indemnity or contribution; provided, further, that for the avoidance of doubt, nothing contained herein shall be deemed to release any Party for Claims arising under this Agreement or the provisions of the BCA expressly deemed to survive under this Agreement.

 

(b) The Company, for itself, and on behalf of its Affiliates and its and their respective equity holders, partners, joint venturers, lenders, administrators, representatives, parents, subsidiaries, officers, directors, attorneys, agents, employees, legatees, devisees, executors, trustees, beneficiaries, predecessors, successors, heirs and assigns (each, in their capacity as such) (the “Company Releasing Parties”), hereby knowingly, irrevocably, unconditionally, forever and fully releases and discharges Parent and its Affiliates and each of their respective present and former direct and indirect equity holders, directors, officers, employees, predecessors, partners, joint venturers, administrators, representatives, affiliates, attorneys, agents, brokers, insurers, parent entities, subsidiary entities, successors, heirs, and assigns (each, in their capacity as such) (the “Parent Released Parties”), from all Claims with respect to, pertaining to, based on, arising out of, resulting from, or relating to the BCA, the Ancillary Agreements or the transactions contemplated thereby, including, without limitation, any breach of any representation, warranty, covenant or agreement contained in the BCA or the Ancillary Agreements (the “Company Released Claims” and, together with the Parent Released Claims, the “Released Claims”); provided, however, that if a person or entity that is not a party to the BCA or this Agreement (other than any Affiliate of the Company) makes a claim of any sort against the Company or both Parent and the Company, this Agreement does not (i) bar the Company from seeking and, if decided by a Governmental Authority or otherwise agreed by Parent, being awarded, indemnity or contribution from Parent (ii) bar Parent from opposing any claim by the Company for indemnity or contribution; provided, further, that for the avoidance of doubt, nothing contained herein shall be deemed to release any Party for Claims under this Agreement or the provisions of the BCA expressly deemed to survive under this Agreement.

 

 

 

(c) Parent, on behalf of itself and the Parent Releasing Parties, hereby covenants to the Company not to directly or indirectly encourage or solicit or voluntarily assist or participate in any way in the filing, reporting or prosecution by Parent or the Parent Releasing Parties of a suit, arbitration, mediation, or claim (including a third party or derivative claim) against any Company Released Party relating to any Released Claim. The Company, on behalf of itself and the Company Releasing Parties, hereby covenants to Parent not to directly or indirectly encourage or solicit or voluntarily assist or participate in any way in the filing, reporting or prosecution by the Company or the Company Releasing Parties of a suit, arbitration, mediation, or claim (including a third party or derivative claim) against any Parent Released Party relating to any Released Claim.

 

(d) Each Party acknowledges and understands that hereafter it may discover or appreciate claims, facts, issues or concerns in addition to or different from those that it now knows or believes to exist with respect to the subject matter of this Termination Agreement that may have been hidden, unknowable or concealed and that, if known or suspected at the time of execution of this Termination Agreement, might have materially affected the decision to enter into this Termination Agreement or the release contained herein. The Parent Releasing Parties and the Company Releasing Parties (collectively, the “Releasing Parties”) nevertheless agree that the release and waiver described above applies to any such additional or different claims, facts, issues, or concern. The Releasing Parties further acknowledge that they are familiar with the provisions of California Civil Code Section 1542 (“A general release does not extend to claims which the creditor or releasing party does not know or suspect to exist in his favor at the time of executing the release, and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.”), and specifically waive all rights and release such claims as referenced therein and in any similar statute or law.

 

Section 4.2. NON-DISPARAGEMENT. For the consideration described herein, each Party agrees that the other Parties’ goodwill and reputation are assets of great value which were obtained through great costs, time and effort. Therefore, each Party agrees that they shall not in any way, directly or indirectly, disparage, criticize, deride, cast in a negative light, libel or defame the other Parties, their owners, directors, officers, affiliates or subsidiaries, their respective business or business practices, services, or employees, nor engage in any activity of any nature which in any way results in any disruption to the routine business of the other Parties, or which is damaging to the reputation of the other Parties, or which is otherwise detrimental to the other Parties’ business activities or relationships. Each Party understands and agrees that non-disparagement is a material term of this release and that any breach of this provision will constitute a material breach of this Agreement.

 

Article V

 
REPRESENTATIONS AND WARRANTIES

 

Section 5.1. REPRESENTATIONS AND WARRANTIES. Each of the Parties represents and warrants to the other Parties that:

 

(a) it has duly executed and delivered this Agreement and is fully authorized to enter into and perform this Agreement and every term hereof;

 

(b) it has been represented by legal counsel in the negotiation and joint preparation of this Agreement, has received advice from legal counsel in connection with this Agreement and is fully aware of this Agreement’s provisions and legal effect;

 

 

(c) it enters into this Agreement freely, without coercion, and based on its own judgment and not in reliance upon any representations or promises made by the other Party, apart from those set forth in this Agreement; and

 

(d) it has the authority, and has obtained all necessary approvals, including but not limited to approval of its Boards of Directors, as necessary, to enter into this Agreement and to perform its obligations set forth in this Agreement.

 

Article VI

 
GENERAL PROVISIONS

 

Section 6.1. FURTHER ASSURANCES. Subject to the other terms and conditions of this Agreement, each Party shall, and shall cause its controlled Affiliates to, and shall direct its representatives to, at the sole cost and expense of the Party making such request, execute and deliver such additional instruments and documents, and take such other actions as may be reasonably necessary or reasonably requested by the Party making such request in order to evidence, confirm and effect the BCA Termination.

 

Section 6.2. ENTIRE AGREEMENT. Except for the obligations or provisions of the BCA, in each case, expressly deemed to survive under the BCA, this Agreement constitutes the entire agreement of the Parties with respect to the subject matter hereof, and supersedes all other prior agreements and understandings, both written and oral, between the Parties, or any of them, with respect to the subject matter hereof and thereof.

 

Section 6.3. THIRD-PARTY BENEFICIARIES. Each Party acknowledges and agrees that each of the Parent Released Parties and the Company Released Parties (collectively, the “Released Parties”) are express third party beneficiaries of the releases and covenants not to sue contained in Article IV of this Agreement and are entitled to enforce rights under such Sections to the same extent that such Released Parties could enforce such rights if they were a party to this Agreement. Except as provided in the preceding sentence, there are no third party beneficiaries to this Agreement, and this Agreement is not otherwise intended to and shall not otherwise confer upon any Person other than the Parties any rights or remedies hereunder.

 

Section 6.4. CONFIDENTIAL INFORMATION. Parent shall promptly return to the Company or destroy all Evaluation Material (as defined in the Confidentiality Agreement) of the Company subject to and in accordance with the terms of the Confidentiality Agreement.

 

Section 6.5. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns; provided, however, that no Party may assign, delegate or otherwise transfer any of its rights or obligations pursuant to this Agreement without the prior written consent of the other Parties. Any attempted assignment of this Agreement not in accordance with the terms of this Section 6.5 shall be void ab initio.

 

Section 6.6. MISCELLANEOUS. Section 1.03 (Construction), Section 10.03 (Amendment), Section 10.04 (Waiver), Section 11.01 (Notices), Section 11.03 (Severability), Section 11.07 (Governing Law; Consent to Jurisdiction), Section 11.08 (Waiver of Jury Trial), Section 11.09 (Headings), Section 11.10 (Counterparts; Effectiveness); Section 11.11 (Fees and Expenses), Section 11.12 (Specific Performance) and Section 11.13 (No Recourse) of the BCA are hereby incorporated by reference into this Agreement, mutatis mutandis.

 

[Remainder of page left intentionally blank.]

 

 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed and delivered as of the date first written above.

 

	SOCIAL LEVERAGE ACQUISITION CORP I
	By	/s/ Paul Grinberg
		Name: Paul Grinberg
		Title:   Executive Chairman
	SLAC MERGER SUB, INC.
	By	/s/ Paul Grinberg
		Name: Paul Grinberg
		Title:   President
	W3BCLOUD HOLDINGS INC.
	By	/s/ Sami Issa
		Name: Sami Issa
		Title:   Chief Executive Officer

 

[Signature Page to Termination Agreement]

 

 

 

 

Exhibit 99.1

 

Social Leverage Acquisition Corp I and W3BCLOUD Mutually Agree to Termination of Business Combination Agreement  

 

September 22, 2023 04:15 PM Eastern Daylight Time

 

NEW YORK—(BUSINESS WIRE)—Social Leverage Acquisition Corp I (NASDAQ: SLAC) (the “Company” or “SLAC”), a special purpose acquisition company, announced today that, due to existing market conditions, it has mutually agreed with W3BCLOUD Holdings Inc. (“W3BCLOUD”) to terminate their previously announced Business Combination Agreement, effective immediately. As a result, SLAC will seek an alternative business combination.

 

About Social Leverage Acquisition Corp I

 

Social Leverage Acquisition Corp I is a blank check company, also commonly referred to as a SPAC, formed for the purpose of effecting a business combination with a company, with a primary focus on innovative and mission-driven businesses in the financial technology, enterprise software, or consumer technology sectors.

 

Forward-Looking Statements

 

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 that are based on beliefs and assumptions and on information currently available to the Company. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These statements are based on various assumptions, whether or not identified in this communication. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Many actual events and circumstances are beyond the control of SLAC and many factors could cause actual future events to differ from the forward-looking statements in this communication, including but not limited to, those factors discussed in SLAC’s Annual Report on Form 10-K for the year ended December 31, 2022 and its subsequent Quarterly Reports on Form 10-Q, in each case, under the heading “Risk Factors,” and other documents of SLAC to be filed with the SEC. The Company does not undertake or accept any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, or should circumstances change, except as otherwise required by securities and other applicable laws. Accordingly, undue reliance should not be placed upon the forward-looking statements.

 

Contacts

 

Douglas Horlick

President & COO

Social Leverage Acquisition Corp I

doug@socialleverage.com

 

 

 

v3.23.3

Cover	Sep. 22, 2023
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 22, 2023
Entity File Number	001-40059
Entity Registrant Name	Social Leverage Acquisition Corp I
Entity Central Index Key	0001834755
Entity Tax Identification Number	85-4095616
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	8390 E. Via De Ventura
Entity Address, Address Line Two	Suite F110-207
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85258
City Area Code	302
Local Phone Number	492-7522
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Units, each consisting of one share of Class A common stock, $0.0001 par value and one-fourth of one redeemable warrant
Title of 12(b) Security	Units, each consisting of one share of Class A common stock, $0.0001 par value and one-fourth of one redeemable warrant
Trading Symbol	SLACU
Security Exchange Name	NASDAQ
Class A common stock, included as part of the units
Title of 12(b) Security	Class A common stock, included as part of the units
Trading Symbol	SLAC
Security Exchange Name	NASDAQ
Redeemable warrants, included as part of the units
Title of 12(b) Security	Redeemable warrants, included as part of the units
Trading Symbol	SLACW
Security Exchange Name	NASDAQ

---