Social Leverage Acquisition Corp I
SLAC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from Mountain Lake (Grinberg · Horlick), listed on Nasdaq in February 2021.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 16 February 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 8390 E. VIA DE VENTURA SUITE F110-207, SCOTTSDALE, AZ, 85258
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Grinberg Paul (COB of Directors) · Marquez Michael J. (Director) · Mason Ross (Director)
- Listed securities
- SLAC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 16 February 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsSLAC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Social Leverage Acquisition Corp I was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker SLAC. The company priced its initial public offering on February 16, 2021, under SEC file number 333-252392, with the pricing prospectus filed as 424B4 (accession 0001213900-21-009583) and the underlying registration filed as S-1 (accession 0001213900-21-004044) on January 25, 2021. The registrant self-described as a blank check company in that prospectus and was classified under SEC SIC industry code 6199 (Finance Services). Social Leverage Acquisition Corp I subsequently liquidated, winding up and returning trust cash to shareholders; Form 25 (accession 0001354457-24-000111) was filed on February 26, 2024, covering redemption of its Class A common stock, warrants, and units.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This is the third extension on a SPAC already a year past its original deadline, and SLAC ultimately liquidated — so the nine months bought here never produced a deal. The redemption formula is what mattered: holders received the trust balance less taxes and up to $100,000 of dissolution costs, which is close to the full per-share value. Each extension vote was an exit window, and taking it was the outcome that preserved capital.
This is the second extension inside six months on a deal signed in July 2022, and the amendment executed three weeks before this meeting signals terms still being renegotiated rather than a transaction ready to close. Nine months is a long runway to grant at one vote, so holders who do not redeem here give up their scheduled control point until the deal proxy arrives. The W3BCLOUD proxy statement has been on file since September 2022 and repeatedly amended, which is itself a measure of how far the transaction remains from completion.
The consequence of rejection is spelled out: the W3BCLOUD deal is terminated and the trust is paid out, making this a direct referendum on keeping the transaction alive for three more months. Only three months are sought rather than the six or nine common in this cohort, which suggests management expected a deal vote quickly, though the same company returned for further extensions later. Redemption at pro rata trust value remains available regardless of the vote, so the cash alternative is preserved.
The target can walk unless $150,000,000 is on the table: W3BCLOUD's obligation to close requires trust cash after redemptions and SLAC's expenses, plus the Subscription Agreements, the Transaction Financing and any private capital funded to the company, to total no less than that. The sponsor gives ground for it — surrendering up to 2,587,500 SLAC Class B shares for no consideration, with 1,725,000 of what remains subject to transfer restrictions. SLAC has 43,125,000 shares outstanding, 8,625,000 of them founder shares, and 14,625,000 warrants.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: Social Leverage Acquisition Corp I called a special meeting for February 13, 2024, exclusively by live webcast, to amend its charter and extend the combination deadline by nine months, from February 17, 2024 to November 17, 2024. On an Optional Redemption, public shares are redeemed at the trust balance including interest, net of taxes payable and less up to $100,000 of net interest reserved for dissolution expenses. The original charter set February 17, 2023 as the deadline; a first extension was approved at a December 20, 2022 special meeting and a second at a later meeting. Why it matters: This is the third extension on a SPAC already a year past its original deadline, and SLAC ultimately liquidated — so the nine months bought here never produced a deal. The redemption formula is what mattered: holders received the trust balance less taxes and up to $100,000 of dissolution costs, which is close to the full per-share value. Each extension vote was an exit window, and taking it was the outcome that preserved capital.
What changed vs 2023-04-25trust $16.8M → $16.1M -4%deadline 2024-02-17 → 2024-11-17trust account, combination deadline, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $16.8M$16.1M
- Combination deadline
- 2024-02-172024-11-17
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $735,641 left the trust between the two filings.
The clause …“Second Extension Meeting. As of September 30, 2023, there was approximately $16,073,631 held in the trust account. Effecting Our Initial Business Combination We are not presently engaged in, and we will not engage in, any operations”…
SpacBrain reads this as 274 days later than the previous record.
The clause …“follows: (d) In the event that the Corporation has not consummated an initial Business Combination on or before November 17, 2024, the Corporation shall (i) cease all operations except for the purpose of winding up, (ii) as promptly as”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern,” since we will cease all operations except for the purpose of liquidating if we are”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $16.7M · unchanged
- Combination deadline
- 2024-02-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 1.56M · unchanged
The clause …“(Level 2) Significant Other Unobservable Inputs (Level 3) Assets: Investments held in Trust Account - Money market funds $ 16,674,956 $ — $ — Liabilities: Derivative warrant liabilities - Public warrants $ 517,500 $ — $ — Derivative”…
The clause …“company under the Investment Company Act. If we are unable to complete a Business Combination by February 17, 2024, we will (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but”…
The clause …“approximately $ 6.1 million. In connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
The clause …“and subject to the occurrence of uncertain future events. Accordingly, 1,557,134 and 1,652,286 shares of Class A Common Stock subject to possible redemption at redemption values of $ 10.52 and $ 10.30 per share as of September”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-05-09trust $16.8M → $16.7M -1%
trust account, redeemable shares, combination deadline +11 moved · 3 with no prior record of ours
- Trust account
- $16.8M$16.7M
- Redeemable shares
- not previously extracted1.56M
- Combination deadline
- 2024-02-17 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $134,316 left the trust between the two filings.
The clause …“(Level 2) Significant Other Unobservable Inputs (Level 3) Assets: Investments held in Trust Account - Money market funds $ 16,674,956 $ — $ — Liabilities: Derivative warrant liabilities - Public warrants $ 517,500 $ — $ — Derivative”…
The clause …“and subject to the occurrence of uncertain future events. Accordingly, 1,557,134 and 1,652,286 shares of Class A Common Stock subject to possible redemption at redemption values of $ 10.43 and $ 10.30 per share as of June 30,”…
The clause …“company under the Investment Company Act. 21 If we are unable to complete a Business Combination by February 17, 2024, we will (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but”…
The clause …“approximately $ 5.7 million. In connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Post-close outcome quality: 1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -96%, 0/1 still worth at least half of trust, 1 at under a tenth of it. Worst: AVAT -96%. n=1, pulled toward neutral. 1 other completion(s) not priced (1 no stored price) — left OUT of the ratio, not guessed.
Mixed record · medium confidence
- Mountain Lake Acquisition Corp. · 2024→ Avalanche Treasury CorpAVATCompleted
Mountain Lake Acquisition Corp. II (MLAA) and RMG ML Sports Holdings (SHOT) share two Section 16 officers — Grinberg Paul and Horlick Douglas (CFO and President at both) — and SHOT's sponsor is literally named for the pairing ("RMG ML Sports Holdings Sponsor LLC"). DELIBERATE OMISSION: SHOT's sponsor is a joint venture with Riverside Management Group, whose own prior vehicles (RMG Acquisition Corp. → Romeo Power, RMG Acquisition Corp. II → ReNew Energy Global) are NOT booked here. RMG's principals (Mancini, Kassin) file nothing at Mountain Lake, so attributing RMG's record to this entity would be a claim the filings do not support.
Full sponsor record →The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/4 · 100.0% of the $10 unit
from 424B4 0001213900-21-009583
Trading & liquidity
Company profile
Directors & officers
- Grinberg PaulCOB of Directors
- Marquez Michael J.Director
- Mason RossDirector
- Norgard BrianDirector
- Lazerow MichaelDirector
- Rosa KatherineDirector
- Lindzon HowardChief Executive Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
5 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Social Leverage Acquisition Sponsor I LLC20.0% · SC 13GFeb 14, 2022 stale
- JANE STREET GROUP, LLC0.0% · SC 13G/ANov 14, 2024 stale
- Holocene Advisors, LPwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- TIG Advisors, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — SLAC (Social Leverage Acquisition Corp I)
vault-note · /vault/tickers/SLAC
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 6199 (Finance Services). The screen found it by filing SHAPE instead — S-1 2021-01-25 → 8-A12B 2021-02-11 → 424B4 2021-02-16 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 6199 + self-described blank check in 424B4 0001213900-21-009583; 424B 0001213900-21-009583 priced 2021-02-16 under S-1 0001213900-21-004044 (file 333-252392, an offering for cash); common ticker SLAC off 8-K 0001213900-24-015294 (2024-02-20); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-252392, which belongs to S-1 0001213900-21-004044 (2021-01-25) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-02-16). Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-24-000111 (2024-02-26) — Form 25 filed under 17 CFR 240.12d2-2(a)(2) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Class A Common Stock, Warrants, and Units). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Social Leverage Acquisition Sponsor I LLC" (SEC CIK 0001834756) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-008579.