Brief: Social Leverage Acquisition Corp I And W3bcloud Announce Revised Business Combination Transaction Terms

Social Leverage Acquisition I

21/04/2023 21:55

April 21 (Reuters) - Social Leverage Acquisition Corp I
 SLAC.O :
    * SOCIAL LEVERAGE ACQUISITION CORP I AND W3BCLOUD ANNOUNCE
REVISED
BUSINESS COMBINATION TRANSACTION TERMS
    * SOCIAL LEVERAGE ACQUISITION CORP I-NEW BUSINESS
COMBINATION
TRANSACTION TERMS ADJUST W3BCLOUD'S PRO FORMA ENTERPRISE VALUE
FROM $1.25 BILLION TO $700 MILLION
    * SOCIAL LEVERAGE ACQUISITION CORP I - SLAC ANNOUNCES
NON-REDEMPTION AGREEMENTS OF $6.5 MILLION
    * SOCIAL LEVERAGE ACQUISITION CORP I - W3BCLOUD AGREES TO
REDUCED
MINIMUM CASH BALANCE CONDITION REQUIRED AT CLOSING TO $40
MILLION
    * SOCIAL LEVERAGE ACQUISITION CORP I - W3BCLOUD ENTERS INTO
A TERM
SHEET FOR $150 MILLION COMMITTED EQUITY FACILITY TO FUEL GROWTH
STRATEGY

Source text for Eikon:  ID:nBw2vzMGpa 
Further company coverage:  SLAC.O 

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