Social Leverage Acquisition Corp I (SLAC.U) Prices $300M IPO


Social Leverage Acquisition Corp I (SLAC.U) Prices $300M IPO

Social Leverage Acquisition Corp I announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “SLAC.U” Friday, February 12.

The new company aims to combine with a high-growth technology company with an enterprise value above $1 billion. Social Leverage I is led by CEO Howard Lindzon, Chairman Paul Grinberg and President and COO Douglas Horlick.

Total SPAC deal count for 2021 year-to-date is now 137 with $41.3 billion in gross proceeds raised. This offering is expected to close on Wednesday, February 17.

Barclays and BofA Securities are acting as joint book-running managers for the offering. Skadden, Arps, Meagher & Flom LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.