SLAC SEC filings, in plain English
Everything Social Leverage Acquisition Corp I has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
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.
- What changed vs 2022-11-14trust $346.7M → $16.8M -95%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $346.7M$16.8M
- Combination deadline
- not previously extracted2024-02-17
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5Mnot matched in this filing
SpacBrain reads this as $329,916,497 left the trust between the two filings.
The clause …“Non-current assets: Due from related parties 31,949 31,949 Investments held in Trust Account 16,809,272 16,674,956 Total Assets $ 17,440,028 $ 18,520,702 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“a business combination by an additional nine months, from May 17, 2023 to February 17, 2024 (or such earlier date as determined by the Company’s board of directors) (the “Charter Amendment Proposal”) and (ii) a proposal to approve”…
The clause …“approximately $ 4.9 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.
What changed: Social Leverage Acquisition Corp I called a special meeting for May 12, 2023 held exclusively by live webcast to amend its charter and extend the deadline by an additional nine months, from May 17, 2023 to February 17, 2024. The extension supports the business combination agreement dated July 31, 2022 with W3BCLOUD Holdings Inc., which the company, merger sub and W3BCLOUD amended on April 21, 2023. The original termination date was February 17, 2023; at a first extension meeting on December 20, 2022 stockholders approved a three-month extension to May 17, 2023. Why it matters: 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.
What changed vs 2022-11-28trust $346.7M → $16.8M -95%deadline 2023-05-17 → 2024-02-17trust account, combination deadline, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $346.7M$16.8M
- Combination deadline
- 2023-05-172024-02-17
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $329,916,497 left the trust between the two filings.
The clause …“the First Extension Meeting. As of March 31, 2023, there was approximately $16,809,272 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 276 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 February 17, 2024, the Corporation shall (i) cease all operations except for the purpose of 33 Table of Contents winding up,”…
The clause …“accounting firms 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.
- What changed vs 2022-03-31deadline 2023-02-17 → 2023-05-17
combination deadline, trust account, going-concern doubt +21 moved · 4 with no prior record of ours
- Combination deadline
- 2023-02-172023-05-17
- Trust account
- $345.0M · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search on target businesses in the fi… · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as 89 days later than the previous record.
The clause “Business Combination for an additional three months, from February 17, 2023 to May 17, 2023 (the “First Charter Amendment Proposal”), (ii) a proposal to amend the Company’s Charter to eliminate from the Charter the limitation that the”…
The clause …“(Level 2) Significant Other Unobservable Inputs (Level 3) Assets: Investments held in Trust Account - Money market funds $ 345,034,062 $ - $ - Liabilities: Derivative warrant liabilities - Public warrants $ 7,158,750 $ - $ - Derivative”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of December 31, 2022, we had approximately $1.7 million cash in hand, and working”…
The clause …“and subject to the occurrence of uncertain future events. Accordingly, 34,500,000 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’”…
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.
In plain English
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.
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.
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.