{"id":65815,"date":"2022-08-01T22:05:28","date_gmt":"2022-08-01T20:05:28","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=65815"},"modified":"2022-08-01T22:05:28","modified_gmt":"2022-08-01T20:05:28","slug":"w3bcloud-to-go-public-via-business-combination-with-social-leverage-acquisition-corp-i","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/65815-w3bcloud-to-go-public-via-business-combination-with-social-leverage-acquisition-corp-i\/","title":{"rendered":"W3BCLOUD<\/span> to go Public via Business Combination with Social Leverage Acquisition Corp I"},"content":{"rendered":"

\u200dSocial Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I has $345 mil\u00adli\u00adon in trust and has recei\u00adved com\u00admit\u00adments from AMD<\/span>, Con\u00adsen\u00adSys, SK<\/span> Inc. and others for an addi\u00adtio\u00adnal $50 mil\u00adli\u00adon in new investments<\/em><\/p>\n

\u200d<\/p>\n

\u25cf W3BCLOUD<\/span> pro\u00advi\u00addes the under\u00adly\u00ading phy\u00adsi\u00adcal (com\u00adpu\u00adte and sto\u00adrage) infra\u00adstruc\u00adtu\u00adre nee\u00added to sup\u00adport the growth of the Web3 eco\u00adsys\u00adtem, which favors deve\u00adlo\u00adpers, con\u00adtent crea\u00adtors, and consumers.<\/p>\n

\u25cf The tran\u00adsac\u00adtion values the com\u00adbi\u00adned com\u00adpa\u00adny at an enter\u00adpri\u00adse value of $1.25 billion.<\/p>\n

\u25cf Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I has exper\u00adti\u00adse in gro\u00adwing and gui\u00adding dis\u00adrup\u00adti\u00adve com\u00adpa\u00adnies, which will help W3BCLOUD<\/span> con\u00adti\u00adnue to sca\u00adle rapidly and sup\u00adport the growth of the Web3 ecosystem.<\/p>\n

\u25cf W3BCLOUD<\/span> expects to use tran\u00adsac\u00adtion pro\u00adceeds to signi\u00adfi\u00adcant\u00adly acce\u00adle\u00adra\u00adte its invest\u00adments in sto\u00adrage and com\u00adpu\u00adte infra\u00adstruc\u00adtu\u00adre, which includes expan\u00adding its data cen\u00adter foot\u00adprint and inves\u00adt\u00ading in the Web3 deve\u00adlo\u00adper ecosystem.<\/p>\n

\u25cf Appro\u00adxi\u00adm\u00adate\u00adly 85% of W3BCLOUD<\/span>\u2019s data cen\u00adters\u2019 cur\u00adrent ener\u00adgy con\u00adsump\u00adti\u00adon is renewable.<\/p>\n

\u25cf The Inves\u00adtor Pre\u00adsen\u00adta\u00adti\u00adon can be found on the W3BCLOUD<\/span> inves\u00adtor page, https:\/\/investors.w3bcloud.com\/<\/a>.<\/p>\n

\u200d<\/p>\n

August 1st, 2022<\/p>\n

SCOTTSDALE<\/span>, Ariz. \u2014 (BUSINESS<\/span> WIRE<\/span>)\u2013 Publicly traded spe\u00adcial pur\u00adpo\u00adse acqui\u00adsi\u00adti\u00adon com\u00adpa\u00adny, Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I (NYSE<\/span>: SLAC<\/span>) (\u201cSLAC<\/span>\u201d), with $345 mil\u00adli\u00adon in trust, today announ\u00adced that it has ente\u00adred into a defi\u00adni\u00adti\u00adve busi\u00adness com\u00adbi\u00adna\u00adti\u00adon agree\u00adment with W3BCLOUD<\/span> Hol\u00addings Inc. (\u201cW3BCLOUD<\/span>\u201d), a lea\u00adding sto\u00adrage and com\u00adpu\u00adte infra\u00adstruc\u00adtu\u00adre pro\u00advi\u00adder for Web3. Upon clo\u00adsing of the tran\u00adsac\u00adtion, the com\u00adpa\u00adny will be named W3BCLOUD<\/span>, Inc., and shares of W3BCLOUD<\/span>\u2019s com\u00admon stock are expec\u00adted to trade on a natio\u00adnal exchange.<\/p>\n

Foun\u00added in 2018, W3BCLOUD<\/span> pro\u00advi\u00addes sto\u00adrage and com\u00adpu\u00adte infra\u00adstruc\u00adtu\u00adre to power Web3\u2019s decen\u00adtra\u00adli\u00adzed eco\u00adno\u00admy. With today\u2019s tran\u00adsac\u00adtion, W3BCLOUD<\/span> aims to acce\u00adle\u00adra\u00adte its invest\u00adment in its plat\u00adform to dri\u00adve adop\u00adti\u00adon by the block\u00adchain deve\u00adlo\u00adper com\u00admu\u00adni\u00adty. Addi\u00adtio\u00adnal\u00adly, the com\u00adpa\u00adny expects to bene\u00adfit from emer\u00adging Web3 use cases such as Web3-enab\u00adled gam\u00ading, NFTs, DeFi, and the Meta\u00adver\u00adse, to fur\u00adther rein\u00adforce its posi\u00adti\u00adon as a lea\u00adding Web3 infra\u00adstruc\u00adtu\u00adre pro\u00advi\u00adder and diver\u00adsi\u00adfy revenue.<\/p>\n

In con\u00adtrast to the cur\u00adrent inter\u00adnet, the next evo\u00adlu\u00adti\u00adon of the inter\u00adnet, Web3, is under\u00adpin\u00adned by decen\u00adtra\u00adli\u00adzed infra\u00adstruc\u00adtu\u00adre based on block\u00adchain tech\u00adno\u00adlo\u00adgy which favors deve\u00adlo\u00adpers, con\u00adtent crea\u00adtors, and con\u00adsu\u00admers with more clo\u00adse\u00adly ali\u00adgned eco\u00adno\u00admics. By buil\u00adding a next-gene\u00adra\u00adti\u00adon plat\u00adform to sup\u00adport Web3 deve\u00adlo\u00adpers, W3BCLOUD<\/span> expects to help bring this visi\u00adon to ful\u00adfill\u00adment. Spe\u00adci\u00adfi\u00adcal\u00adly, W3BCLOUD<\/span>\u2019s fle\u00adxi\u00adble archi\u00adtec\u00adtu\u00adre is desi\u00adgned to sca\u00adle with Web3\u2019s explo\u00adsi\u00adve growth and is sup\u00adport\u00aded by lea\u00adding-edge hard\u00adware and soft\u00adware exper\u00adti\u00adse from AMD<\/span> and ConsenSys.<\/p>\n

SLAC<\/span> rai\u00adsed gross pro\u00adceeds of $345 mil\u00adli\u00adon in its initi\u00adal public offe\u00adring and was lis\u00adted on the NYSE<\/span> on Febru\u00adary 12, 2021, with the aim to com\u00adbi\u00adne with a high-growth tech\u00adno\u00adlo\u00adgy com\u00adpa\u00adny capi\u00adta\u00adli\u00adzing on a lar\u00adge oppor\u00adtu\u00adni\u00adty. SLAC<\/span> is spon\u00adso\u00adred by Social Levera\u00adge, an ear\u00adly-stage tech\u00adno\u00adlo\u00adgy-focu\u00adsed ven\u00adture capi\u00adtal firm that has inves\u00adted in over 400 foun\u00adder-led teams inclu\u00adding many lea\u00adding Web3 com\u00adpa\u00adnies. Social Levera\u00adge and the SLAC<\/span> team have built a<\/p>\n

suc\u00adcessful track record of inves\u00adt\u00ading in high\u00adly inno\u00adva\u00adti\u00adve com\u00adpa\u00adnies led by excep\u00adtio\u00adnal entre\u00adpre\u00adneurs based on their signi\u00adfi\u00adcant public com\u00adpa\u00adny expe\u00adri\u00adence, broad rela\u00adti\u00adonships, stra\u00adte\u00adgic exper\u00adti\u00adse and capi\u00adtal rai\u00adsing ability.<\/p>\n

\u201c<\/span>W3BCLOUD<\/span> is buil\u00adding the next gene\u00adra\u00adti\u00adon infra\u00adstruc\u00adtu\u00adre to sup\u00adport the Web3 eco\u00adno\u00admy, tran\u00adsi\u00adtio\u00adning more con\u00adtrol and owner\u00adship into the hands of deve\u00adlo\u00adpers and cus\u00adto\u00admers across indus\u00adtries span\u00adning finan\u00adce, digi\u00adtal sto\u00adrage, media and enter\u00adtain\u00adment,\u201d said Sami Issa, CEO<\/span> of W3BCLOUD<\/span>. \u201cThis tran\u00adsac\u00adtion allows us to expand our sup\u00adport to Web3 deve\u00adlo\u00adpers and sca\u00adle with the Web3 economy\u2019s anti\u00adci\u00adpa\u00adted signi\u00adfi\u00adcant growth. I could not be more exci\u00adted by the depth of expe\u00adri\u00adence and know\u00adledge Social Levera\u00adge will bring to our com\u00adpa\u00adny. With the added bene\u00adfit of SLAC<\/span>\u2019s exper\u00adti\u00adse and con\u00adtin\u00adued tech\u00adni\u00adcal sup\u00adport from AMD<\/span> and Con\u00adsen\u00adSys, I belie\u00adve that W3BCLOUD<\/span> will emer\u00adge as the lea\u00adding dedi\u00adca\u00adted plat\u00adform to sup\u00adport the Web3 economy.\u201d<\/p>\n

\u201c<\/span>With its pro\u00adprie\u00adta\u00adry archi\u00adtec\u00adtu\u00adre, expe\u00adri\u00aden\u00adced manage\u00adment team, and lar\u00adge mar\u00adket oppor\u00adtu\u00adni\u00adty, W3BCLOUD<\/span> is well posi\u00adtio\u00adned as the \u2018picks and sho\u00advels\u2019 play to levera\u00adge the secu\u00adlar shift to a decen\u00adtra\u00adli\u00adzed Inter\u00adnet,\u201d said Howard Lind\u00adzon, CEO<\/span> of SLAC<\/span>. \u201cThe key to buil\u00adding world class com\u00adpa\u00adnies is having a manage\u00adment team with pas\u00adsi\u00adon, visi\u00adon and deep domain expe\u00adri\u00adence, which per\u00adfect\u00adly descri\u00adbes this team. Sami and his team have alre\u00ada\u00addy pro\u00adven their abili\u00adty to exe\u00adcu\u00adte in an emer\u00adging and dyna\u00admic mar\u00adket. We are eager to help W3BCLOUD<\/span> con\u00adti\u00adnue to exe\u00adcu\u00adte on this visi\u00adon and build the next gre\u00adat tech\u00adno\u00adlo\u00adgy company.\u201d<\/p>\n

\u201c<\/span>We are in the ear\u00adly days of the estab\u00adlish\u00adment of a new trust foun\u00adda\u00adti\u00adon enab\u00adled by decen\u00adtra\u00adli\u00adzed pro\u00adto\u00adcols which under\u00adgird Web3 and its many appli\u00adca\u00adti\u00adons. This tech\u00adno\u00adlo\u00adgy is powe\u00adring a para\u00addigm shift from the Age of Silos to the Age of Com\u00admu\u00adni\u00adty,\u201d said Joseph Lubin, foun\u00adder of Con\u00adsen\u00adSys and co-foun\u00adder of Ethe\u00adre\u00adum and W3BCLOUD<\/span> board mem\u00adber. \u201cW3BCLOUD<\/span> is pio\u00adnee\u00adring a next-gene\u00adra\u00adti\u00adon decen\u00adtra\u00adli\u00adzed hardware\/software com\u00adpu\u00adte and sto\u00adrage plat\u00adform for Web3 to bet\u00adter ser\u00adve the deve\u00adlo\u00adper com\u00admu\u00adni\u00adty and end users, by advan\u00adcing decen\u00adtra\u00adliza\u00adti\u00adon of the hard\u00adware lay\u00aders of Web3 upon which the soft\u00adware inno\u00adva\u00adtions of the past deca\u00adde are cri\u00adti\u00adcal\u00adly reliant.\u201d<\/p>\n

\u200d<\/p>\n

Tran\u00adsac\u00adtion Overview<\/strong><\/p>\n

The tran\u00adsac\u00adtion values the com\u00adbi\u00adned com\u00adpa\u00adny at an enter\u00adpri\u00adse value of $1.25 bil\u00adli\u00adon. The com\u00adpa\u00adny will recei\u00adve up to $345 mil\u00adli\u00adon in pro\u00adceeds from SLAC<\/span>\u2019s cash in trust (assum\u00ading no redemp\u00adti\u00adons). Addi\u00adtio\u00adnal\u00adly, W3BCLOUD<\/span> has recei\u00adved com\u00admit\u00adments for $40 mil\u00adli\u00adon from Con\u00adsen\u00adSys, SK<\/span> Inc. and others for new invest\u00adments in con\u00adnec\u00adtion with the tran\u00adsac\u00adtion and has an agree\u00adment with AMD<\/span> for an addi\u00adtio\u00adnal equi\u00adty invest\u00adment of $10 mil\u00adli\u00adon, each of which is sub\u00adject to cer\u00adtain con\u00addi\u00adti\u00adons. The par\u00adties intend to rai\u00adse addi\u00adtio\u00adnal capi\u00adtal of up to $100 mil\u00adli\u00adon post-announce\u00adment, though the\u00adre is no gua\u00adran\u00adtee that such funds will be able to be rai\u00adsed on favorable terms or at all. It is esti\u00adma\u00adted that through this tran\u00adsac\u00adtion, W3BCLOUD<\/span> will recei\u00adve appro\u00adxi\u00adm\u00adate\u00adly $445 mil\u00adli\u00adon in cash to its balan\u00adce sheet assum\u00ading $100 mil\u00adli\u00adon of addi\u00adtio\u00adnal capi\u00adtal rai\u00adsed post-announce\u00adment, no redemp\u00adti\u00adons of shares of com\u00admon stock held by SLAC<\/span>\u2019s share\u00adhol\u00adders and after esti\u00adma\u00adted tran\u00adsac\u00adtion expenses.<\/p>\n

Exis\u00adting W3BCLOUD<\/span> share\u00adhol\u00adders will roll 100% of their equi\u00adty in the tran\u00adsac\u00adtion and are expec\u00adted to own appro\u00adxi\u00adm\u00adate\u00adly 66% upon tran\u00adsac\u00adtion clo\u00adse (assum\u00ading no redemp\u00adti\u00adons). W3BCLOUD<\/span> share\u00adhol\u00adders have the poten\u00adti\u00adal to recei\u00adve an ear\u00adnout of addi\u00adtio\u00adnal shares of com\u00admon stock of the com\u00adbi\u00adned com\u00adpa\u00adny if cer\u00adtain stock pri\u00adce tar\u00adgets are met as set forth in the defi\u00adni\u00adti\u00adve busi\u00adness com\u00adbi\u00adna\u00adti\u00adon agreement.<\/p>\n

The tran\u00adsac\u00adtion, which has been unani\u00admously appro\u00adved by the boards of direc\u00adtors of W3BCLOUD<\/span> and SLAC<\/span>, is expec\u00adted to clo\u00adse in the fourth quar\u00adter of 2022, sub\u00adject to, among other things, SEC<\/span> review, appr\u00adoval of SLAC<\/span> share\u00adhol\u00adders, regu\u00adla\u00adto\u00adry appr\u00adovals, and the satis\u00adfac\u00adtion of other cus\u00adto\u00adma\u00adry clo\u00adsing con\u00addi\u00adti\u00adons. Addi\u00adtio\u00adnal infor\u00adma\u00adti\u00adon regar\u00adding the terms of the tran\u00adsac\u00adtions can be found in a Cur\u00adrent Report on Form 8\u2011K filed today by SLAC<\/span>.<\/p>\n

Upon clo\u00adsing, the com\u00adbi\u00adned ope\u00adra\u00adting enti\u00adty will con\u00adti\u00adnue to be led by Sami Issa as CEO<\/span> and Wael Abu\u00adri\u00adda as CFO<\/span>, along with an expe\u00adri\u00aden\u00adced manage\u00adment team. Joseph Lubin, foun\u00adder of Con\u00adsen\u00adSys and co-foun\u00adder of Ethe\u00adre\u00adum, will remain on W3BCLOUD<\/span>\u2019s Board of Direc\u00adtors. Mr. Lubin has estab\u00adlished hims\u00adelf as a gui\u00adding force in the block\u00adchain indus\u00adtry and a powerful advo\u00adca\u00adte of decen\u00adtra\u00adli\u00adzed tech\u00adno\u00adlo\u00adgy. The Chair\u00adman of SLAC<\/span>, Paul Grin\u00adberg, will join the board of the new com\u00adbi\u00adned com\u00adpa\u00adny. Mr. Grin\u00adberg has 35 years of expe\u00adri\u00adence in M&<\/span>A and advi\u00adsing, run\u00adning, and ser\u00adving on the boards of num\u00ade\u00adrous public and pri\u00adva\u00adte com\u00adpa\u00adnies. He curr\u00adent\u00adly ser\u00adves as the Chair\u00adman of Axos Finan\u00adcial, Inc., the hol\u00adding com\u00adpa\u00adny for Axos Bank, a digi\u00adtal-first bank that pro\u00advi\u00addes con\u00adsu\u00admer and com\u00admer\u00adcial ban\u00adking pro\u00adducts through its low-cost dis\u00adtri\u00adbu\u00adti\u00adon chan\u00adnels and affi\u00adni\u00adty part\u00adners. Sami Issa and Wael Abu\u00adri\u00adda will join the Board of Directors.<\/p>\n

\u200d<\/p>\n

Inves\u00adtor Presentation<\/strong><\/p>\n

A copy of the inves\u00adtor pre\u00adsen\u00adta\u00adti\u00adon can be found by acces\u00adsing the inves\u00adtor rela\u00adti\u00adons sec\u00adtion of W3BCLOUD<\/span>\u2019s web\u00adsite, https:\/\/investors.w3bcloud.com\/<\/a>.<\/p>\n

\u200d<\/p>\n

Advi\u00adsors<\/strong><\/p>\n

Perel\u00adla Wein\u00adberg Part\u00adners is acting as exclu\u00adsi\u00adve finan\u00adcial advi\u00adsor to W3BCLOUD<\/span>.<\/p>\n

Bar\u00adclays is acting as exclu\u00adsi\u00adve M&<\/span>A advi\u00adsor to SLAC<\/span>. Bar\u00adclays and B. Riley Secu\u00adri\u00adties are acting as capi\u00adtal mar\u00adkets advi\u00adsors and joint pla\u00adce\u00adment agents to SLAC<\/span>. Blue\u00adshirt Capi\u00adtal Advi\u00adsors is ser\u00adving as an inves\u00adtor rela\u00adti\u00adons advi\u00adsor to W3BCLOUD<\/span>.<\/p>\n

Skad\u00adden, Arps, Sla\u00adte, Meag\u00adher &<\/span> Flom LLP<\/span> is acting as legal coun\u00adsel to W3BCLOUD<\/span>. Ropes &<\/span> Gray LLC<\/span> is acting as legal coun\u00adsel to SLAC<\/span>. Lat\u00adham &<\/span> Wat\u00adkins LLP<\/span> is acting as legal advi\u00adsor to Bar\u00adclays and B. Riley Securities.<\/p>\n

\u200d<\/p>\n

Addi\u00adtio\u00adnal Infor\u00adma\u00adti\u00adon about the Busi\u00adness Com\u00adbi\u00adna\u00adti\u00adon and Whe\u00adre to Find It<\/strong><\/p>\n

In con\u00adnec\u00adtion with the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon, SLAC<\/span> intends to file a preli\u00admi\u00adna\u00adry pro\u00adxy state\u00adment with the Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon (the \u201cSEC<\/span>\u201d) rela\u00adting to the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon, which will be mai\u00adled (if and when available) to all SLAC<\/span> share\u00adhol\u00adders once defi\u00adni\u00adti\u00adve. Addi\u00adtio\u00adnal\u00adly, SLAC<\/span> will file other rele\u00advant mate\u00adri\u00adals with the SEC<\/span> in con\u00adnec\u00adtion with the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon. Copies of the defi\u00adni\u00adti\u00adve pro\u00adxy state\u00adment and all other rele\u00advant mate\u00adri\u00adals for the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon filed or that will be filed with the SEC<\/span> may be obtai\u00adned free of char\u00adge at the SEC<\/span>\u2019s web\u00adsite at www.sec.gov<\/a>. In addi\u00adti\u00adon, the docu\u00adments filed by SLAC<\/span> may be obtai\u00adned free of char\u00adge from SLAC<\/span> at www.socialleverageholdings.com\/sec<\/a>. This press release does not con\u00adtain all the infor\u00adma\u00adti\u00adon that should be con\u00adside\u00adred con\u00adcer\u00adning the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon and is not inten\u00added to form the basis for any invest\u00adment decis\u00adi\u00adon or any other decis\u00adi\u00adon in respect of the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon. Befo\u00adre making any voting or invest\u00adment decis\u00adi\u00adon, inves\u00adtors and share\u00adhol\u00adders of SLAC<\/span> are urged to read, when available, the preli\u00admi\u00adna\u00adry pro\u00adxy state\u00adment, any amend\u00adments the\u00adre\u00adto, the defi\u00adni\u00adti\u00adve pro\u00adxy state\u00adment and all other rele\u00advant mate\u00adri\u00adals filed or that will be filed with the SEC<\/span> in con\u00adnec\u00adtion with the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon becau\u00adse they will con\u00adtain important infor\u00adma\u00adti\u00adon about the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon and the par\u00adties to the pro\u00adpo\u00adsed busi\u00adness combination.<\/p>\n

\u200d<\/p>\n

Par\u00adti\u00adci\u00adpan\u00adts in Solicitation<\/strong><\/p>\n

SLAC<\/span> and W3BCLOUD<\/span> and their respec\u00adti\u00adve direc\u00adtors and exe\u00adcu\u00adti\u00adve offi\u00adcers, under SEC<\/span> rules, may be dee\u00admed to be par\u00adti\u00adci\u00adpan\u00adts in the soli\u00adci\u00adta\u00adti\u00adon of pro\u00adxies of SLAC<\/span>\u2019s stock\u00adhol\u00adders in con\u00adnec\u00adtion with the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon. Inves\u00adtors and secu\u00adri\u00adty hol\u00adders may obtain more detail\u00aded infor\u00adma\u00adti\u00adon regar\u00adding the names and inte\u00adrests in the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon of SLAC<\/span>\u2019s direc\u00adtors and offi\u00adcers in SLAC<\/span>\u2019s filings with the SEC<\/span>, inclu\u00adding SLAC<\/span>\u2019s initi\u00adal public offe\u00adring pro\u00ads\u00adpec\u00adtus, which was filed with the SEC<\/span> on Febru\u00adary 16, 2021, and SLAC<\/span>\u2019s<\/p>\n

sub\u00adse\u00adquent annu\u00adal report on Form 10\u2011K and quar\u00adter\u00adly reports on Form 10\u2011Q. To the ext\u00adent that hol\u00addings of SLAC<\/span>\u2019s secu\u00adri\u00adties by insi\u00adders have chan\u00adged from the amounts repor\u00adted the\u00adr\u00adein, any such chan\u00adges have been or will be reflec\u00adted on State\u00adments of Chan\u00adge in Owner\u00adship on Form 4 filed with the SEC<\/span>. Infor\u00adma\u00adti\u00adon regar\u00adding the per\u00adsons who may, under SEC<\/span> rules, be dee\u00admed par\u00adti\u00adci\u00adpan\u00adts in the soli\u00adci\u00adta\u00adti\u00adon of pro\u00adxies to SLAC<\/span>\u2019s share\u00adhol\u00adders in con\u00adnec\u00adtion with the busi\u00adness com\u00adbi\u00adna\u00adti\u00adon will be included in the pro\u00adxy statement\/prospectus rela\u00adting to the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon when it beco\u00admes available. You may obtain free copies of the\u00adse docu\u00adments as descri\u00adbed in the pre\u00adce\u00adding paragraph.<\/p>\n

\u200d<\/p>\n

No Offer or Solicitation<\/strong><\/p>\n

This press release shall not con\u00adsti\u00adtu\u00adte a pro\u00adxy state\u00adment or soli\u00adci\u00adta\u00adti\u00adon of a pro\u00adxy, con\u00adsent, or aut\u00adho\u00adriza\u00adti\u00adon with respect to any secu\u00adri\u00adties or in respect of the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon. This com\u00admu\u00adni\u00adca\u00adti\u00adon shall also not con\u00adsti\u00adtu\u00adte an offer to sell, or a soli\u00adci\u00adta\u00adti\u00adon of an offer to buy any secu\u00adri\u00adties of SLAC<\/span> or W3BCLOUD<\/span>, nor shall the\u00adre be any sale of secu\u00adri\u00adties in any sta\u00adte or juris\u00addic\u00adtion in which such offer, soli\u00adci\u00adta\u00adti\u00adon, or sale would be unlawful pri\u00ador to regis\u00adtra\u00adti\u00adon or qua\u00adli\u00adfi\u00adca\u00adti\u00adon under the secu\u00adri\u00adties laws of any such sta\u00adte or jurisdiction.<\/p>\n

\u200d<\/p>\n

For\u00adward-Loo\u00adking Statements<\/strong><\/p>\n

This com\u00admu\u00adni\u00adca\u00adti\u00adon includes \u201cfor\u00adward-loo\u00adking state\u00adments\u201d within the mea\u00adning of the \u201csafe har\u00adbor\u201d pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995 with respect to the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon bet\u00adween SLAC<\/span> and W3BCLOUD<\/span>. For\u00adward-loo\u00adking state\u00adments may gene\u00adral\u00adly be iden\u00adti\u00adfied by the use of words such as \u201cbelie\u00adve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cesti\u00adma\u00adte,\u201d \u201ccon\u00adti\u00adnue,\u201d \u201canti\u00adci\u00adpa\u00adte,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpro\u00adject,\u201d \u201cfore\u00adcast,\u201d \u201cpre\u00addict,\u201d \u201cpoten\u00adti\u00adal,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201cout\u00adlook,\u201d \u201ctar\u00adget\u201d or other simi\u00adlar expres\u00adsi\u00adons (or the nega\u00adti\u00adve ver\u00adsi\u00adons of such words or expres\u00adsi\u00adons) that pre\u00addict or indi\u00adca\u00adte future events or trends or that are not state\u00adments of his\u00adto\u00adri\u00adcal mat\u00adters. For\u00adward-loo\u00adking state\u00adments are pre\u00addic\u00adtions, pro\u00adjec\u00adtions, and other state\u00adments about future events that are based on cur\u00adrent expec\u00adta\u00adti\u00adons and assump\u00adti\u00adons and, as a result, are sub\u00adject to risks and uncer\u00adtain\u00adties that could cau\u00adse the actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from the expec\u00adted results. The\u00adse state\u00adments are based on various assump\u00adti\u00adons, whe\u00adther or not iden\u00adti\u00adfied in this com\u00admu\u00adni\u00adca\u00adti\u00adon. The\u00adse for\u00adward-loo\u00adking state\u00adments are pro\u00advi\u00added for illus\u00adtra\u00adti\u00adve pur\u00adpo\u00adses only and are not inten\u00added to ser\u00adve as, and must not be reli\u00aded on by an inves\u00adtor as, a gua\u00adran\u00adtee, an assu\u00adrance, a pre\u00addic\u00adtion, or a defi\u00adni\u00adti\u00adve state\u00adment of fact or pro\u00adba\u00adbi\u00adli\u00adty. Many actu\u00adal events and cir\u00adcum\u00ads\u00adtances are bey\u00adond the con\u00adtrol of W3BCLOUD<\/span> and SLAC<\/span>.<\/p>\n

The\u00adse for\u00adward-loo\u00adking state\u00adments include, wit\u00adhout limi\u00adta\u00adti\u00adon, W3BCLOUD<\/span>\u2019s and SLAC<\/span>\u2019s expec\u00adta\u00adti\u00adons with respect to tar\u00adge\u00adted future finan\u00adcial results and anti\u00adci\u00adpa\u00adted finan\u00adcial impacts of the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon. Many fac\u00adtors could cau\u00adse actu\u00adal future events to dif\u00adfer from the for\u00adward-loo\u00adking state\u00adments in this com\u00admu\u00adni\u00adca\u00adti\u00adon, inclu\u00adding but not limi\u00adt\u00aded to (i) chan\u00adges in dome\u00adstic and for\u00adeign busi\u00adness, mar\u00adket, finan\u00adcial, poli\u00adti\u00adcal and legal con\u00addi\u00adti\u00adons; (ii) the ina\u00adbi\u00adli\u00adty of the par\u00adties to suc\u00adcessful\u00adly or time\u00adly con\u00adsum\u00adma\u00adte the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon, inclu\u00adding the risk that any requi\u00adred regu\u00adla\u00adto\u00adry appr\u00adovals are not obtai\u00adned, are delay\u00aded or are sub\u00adject to unan\u00adti\u00adci\u00adpa\u00adted con\u00addi\u00adti\u00adons that could adver\u00adse\u00adly affect the com\u00adbi\u00adned com\u00adpa\u00adny or the expec\u00adted bene\u00adfits of the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon or that the appr\u00adoval of the stock\u00adhol\u00adders of SLAC<\/span> is not obtai\u00adned; (iii) the abili\u00adty to main\u00adtain the lis\u00adting of the com\u00adbi\u00adned company\u2019s secu\u00adri\u00adties on the stock exch\u00adan\u00adge; (iv) the ina\u00adbi\u00adli\u00adty to com\u00adple\u00adte any pri\u00adva\u00adte pla\u00adce\u00adment finan\u00adcing; (v) the risk that the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon dis\u00adrupts cur\u00adrent plans and ope\u00adra\u00adti\u00adons of SLAC<\/span> or W3BCLOUD<\/span> as a result of the announce\u00adment and con\u00adsum\u00adma\u00adti\u00adon of the tran\u00adsac\u00adtion descri\u00adbed her\u00adein; (vi) the risk that any of the con\u00addi\u00adti\u00adons to clo\u00adsing are not satis\u00adfied in the anti\u00adci\u00adpa\u00adted man\u00adner or on the anti\u00adci\u00adpa\u00adted time\u00adline; (vii) the fail\u00adure to rea\u00adli\u00adze the anti\u00adci\u00adpa\u00adted bene\u00adfits of the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon; (viii) risks rela\u00adting to the uncer\u00adtain\u00adty of the pro\u00adjec\u00adted finan\u00adcial infor\u00adma\u00adti\u00adon with respect to W3BCLOUD<\/span> and cos\u00adts rela\u00adted to the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon; (ix) risks rela\u00adted to the roll\u00adout of W3BCLOUD<\/span>\u2019s busi\u00adness stra\u00adtegy and the timing of expec\u00adted busi\u00adness mile\u00adsto\u00adnes; (x) the effects of com\u00adpe\u00adti\u00adti\u00adon on W3BCLOUD<\/span>\u2019s future business<\/p>\n

and the abili\u00adty of the com\u00adbi\u00adned com\u00adpa\u00adny to grow and mana\u00adge growth pro\u00adfi\u00adta\u00adb\u00adly, main\u00adtain rela\u00adti\u00adonships with cus\u00adto\u00admers and sup\u00adpli\u00aders and retain its manage\u00adment and key employees; (xi) risks rela\u00adted to dome\u00adstic and inter\u00adna\u00adtio\u00adnal poli\u00adti\u00adcal and macroe\u00adco\u00adno\u00admic uncer\u00adtain\u00adty; (xii) the out\u00adco\u00adme of any legal pro\u00adcee\u00addings that may be insti\u00adtu\u00adted against SLAC<\/span>, W3BCLOUD<\/span> or any of their respec\u00adti\u00adve direc\u00adtors or offi\u00adcers, fol\u00adlo\u00adwing the announce\u00adment of the poten\u00adti\u00adal busi\u00adness com\u00adbi\u00adna\u00adti\u00adon; (xiii) the amount of redemp\u00adti\u00adon requests made by SLAC<\/span>\u2019s public stock\u00adhol\u00adders; (xiv) the abili\u00adty of SLAC<\/span> or the com\u00adbi\u00adned com\u00adpa\u00adny to issue equi\u00adty, if any, in con\u00adnec\u00adtion with the pro\u00adpo\u00adsed busi\u00adness com\u00adbi\u00adna\u00adti\u00adon or to other\u00adwi\u00adse obtain finan\u00adcing in the future; (xv) the impact of the glo\u00adbal COVID-19<\/span> pan\u00adde\u00admic and govern\u00admen\u00adtal respon\u00adses on any of the fore\u00adgo\u00ading risks; (xvi) risks rela\u00adted to digi\u00adtal assets tech\u00adno\u00adlo\u00adgy, indus\u00adtry and regu\u00adla\u00adti\u00adons; (xvii) chan\u00adges in laws and regu\u00adla\u00adti\u00adons; and (xviii) tho\u00adse fac\u00adtors dis\u00adcus\u00adsed in SLAC<\/span>\u2019s Annu\u00adal Report on Form 10\u2011K for the year ended Decem\u00adber 31, 2021 and Quar\u00adter\u00adly Report on Form 10\u2011Q for the quar\u00adter ended March 31, 2022, in each case, under the hea\u00adding \u201cRisk Fac\u00adtors,\u201d and other docu\u00adments of SLAC<\/span> to be filed with the SEC<\/span>. W3BCLOUD<\/span> and SLAC<\/span> cau\u00adti\u00adon that the fore\u00adgo\u00ading list of fac\u00adtors is not exclu\u00adsi\u00adve or exhaus\u00adti\u00adve and not to place undue reli\u00adance upon any for\u00adward-loo\u00adking state\u00adments, inclu\u00adding pro\u00adjec\u00adtions, which speak only as of the date made. If any of the\u00adse risks mate\u00adria\u00adli\u00adze or SLAC<\/span>\u2019s or W3BCLOUD<\/span>\u2019s assump\u00adti\u00adons pro\u00adve incor\u00adrect, actu\u00adal results could dif\u00adfer mate\u00adri\u00adal\u00adly from the results impli\u00aded by the\u00adse for\u00adward-loo\u00adking state\u00adments. The\u00adre may be addi\u00adtio\u00adnal risks that neither SLAC<\/span> nor W3BCLOUD<\/span> pre\u00adsent\u00adly know or that SLAC<\/span> and W3BCLOUD<\/span> curr\u00adent\u00adly belie\u00adve are imma\u00adte\u00adri\u00adal that could also cau\u00adse actu\u00adal results to dif\u00adfer from tho\u00adse con\u00adtai\u00adned in the for\u00adward-loo\u00adking state\u00adments. In addi\u00adti\u00adon, for\u00adward-loo\u00adking state\u00adments reflect SLAC<\/span>\u2019s and W3BCLOUD<\/span>\u2019s expec\u00adta\u00adti\u00adons, plans or fore\u00adcasts of future events and views as of the date of this press release. SLAC<\/span> and W3BCLOUD<\/span> anti\u00adci\u00adpa\u00adte that sub\u00adse\u00adquent events and deve\u00adlo\u00adp\u00adments will cau\u00adse SLAC<\/span>\u2019s and W3BCLOUD<\/span>\u2019s assess\u00adments to chan\u00adge. The\u00adse for\u00adward-loo\u00adking state\u00adments should not be reli\u00aded upon as repre\u00adsen\u00adting W3BCLOUD<\/span>\u2019s assess\u00adments as of any date sub\u00adse\u00adquent to the date of this press release. Neither W3BCLOUD<\/span> nor SLAC<\/span> gives any assu\u00adrance that W3BCLOUD<\/span> or SLAC<\/span> will achie\u00adve its expec\u00adta\u00adti\u00adons. Neither W3BCLOUD<\/span> nor SLAC<\/span> under\u00adta\u00adke or accept any obli\u00adga\u00adti\u00adon to publicly pro\u00advi\u00adde revi\u00adsi\u00adons or updates to any for\u00adward-loo\u00adking state\u00adments, whe\u00adther as a result of new infor\u00adma\u00adti\u00adon, future deve\u00adlo\u00adp\u00adments or other\u00adwi\u00adse, or should cir\u00adcum\u00ads\u00adtances chan\u00adge, except as other\u00adwi\u00adse requi\u00adred by secu\u00adri\u00adties and other appli\u00adca\u00adble laws. Accor\u00addin\u00adgly, undue reli\u00adance should not be pla\u00adced upon the for\u00adward-loo\u00adking statements.<\/p>\n

\u200d<\/p>\n

About W3BCLOUD<\/span><\/strong><\/p>\n

W3BCLOUD<\/span> pro\u00advi\u00addes the com\u00adpu\u00adte and sto\u00adrage infra\u00adstruc\u00adtu\u00adre to power the decen\u00adtra\u00adli\u00adzed appli\u00adca\u00adti\u00adon lay\u00ader for Web3 pro\u00adto\u00adcols. Foun\u00added in 2018, W3BCLOUD<\/span> is a joint ven\u00adture among AMD<\/span>, Con\u00adsen\u00adSys, and the company\u2019s founders.<\/p>\n

\u200d<\/p>\n

About Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I<\/strong><\/p>\n

Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I is a blank check com\u00adpa\u00adny, also com\u00admon\u00adly refer\u00adred to as a SPAC<\/span>, for\u00admed for the pur\u00adpo\u00adse of effec\u00adting a busi\u00adness com\u00adbi\u00adna\u00adti\u00adon with a com\u00adpa\u00adny, with a pri\u00adma\u00adry focus on inno\u00adva\u00adti\u00adve and mis\u00adsi\u00adon-dri\u00adven busi\u00adnesses in the finan\u00adcial tech\u00adno\u00adlo\u00adgy, enter\u00adpri\u00adse soft\u00adware, or con\u00adsu\u00admer tech\u00adno\u00adlo\u00adgy sectors.<\/p>\n

\u200d<\/p>\n

W3BCLOUD<\/span> Cont\u00adacts<\/strong><\/p>\n

Media Cont\u00adact:<\/strong><\/p>\n

Kar\u00adbo Communications<\/p>\n

W3BCLOUD<\/span>@karbocom.com<\/a><\/p>\n

\u200d<\/p>\n

Inves\u00adtor Rela\u00adti\u00adons Contact:<\/strong><\/p>\n

Greg McNiff, The Blue\u00adshirt Group<\/p>\n

investors@W3BCLOUD<\/span>.com<\/a><\/p>\n

\u200d<\/p>\n

Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I Media Contact<\/strong><\/p>\n

Dou\u00adglas Horlick<\/p>\n

doug@socialleverage.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u200dSocial Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I has $345 mil\u00adli\u00adon in trust and has recei\u00adved com\u00admit\u00adments from AMD<\/span>, Con\u00adsen\u00adSys, SK<\/span> Inc. and others for an addi\u00adtio\u00adnal $50 mil\u00adli\u00adon in new investments<\/em><\/p>\n

\u200d<\/p>\n

\u25cf W3BCLOUD<\/span> pro\u00advi\u00addes the under\u00adly\u00ading phy\u00adsi\u00adcal (com\u00adpu\u00adte and sto\u00adrage) infra\u00adstruc\u00adtu\u00adre nee\u00added to sup\u00adport the growth of the Web3 eco\u00adsys\u00adtem, which favors deve\u00adlo\u00adpers, con\u00adtent crea\u00adtors, and consumers.<\/p>\n

\u25cf The tran\u00adsac\u00adtion values the com\u00adbi\u00adned com\u00adpa\u00adny at an enter\u00adpri\u00adse value of $1.25 billion.<\/p>\n

\u25cf Social Levera\u00adge Acqui\u00adsi\u00adti\u00adon Corp I has exper\u00adti\u00adse in gro\u00adwing and gui\u00adding dis\u00adrup\u00adti\u00adve com\u00adpa\u00adnies, which will help W3BCLOUD<\/span> con\u00adti\u00adnue to sca\u00adle rapidly and sup\u00adport the growth of the Web3 ecosystem.<\/p>\n

\u25cf W3BCLOUD<\/span> expects to use tran\u00adsac\u00adtion pro\u00adceeds to signi\u00adfi\u00adcant\u00adly acce\u00adle\u00adra\u00adte its invest\u00adments in sto\u00adrage and com\u00adpu\u00adte infra\u00adstruc\u00adtu\u00adre, which includes expan\u00adding its data cen\u00adter foot\u00adprint and inves\u00adt\u00ading in the Web3 deve\u00adlo\u00adper ecosystem.<\/p>\n

\u25cf Appro\u00adxi\u00adm\u00adate\u00adly 85% of W3BCLOUD<\/span>\u2019s data cen\u00adters\u2019 cur\u00adrent ener\u00adgy con\u00adsump\u00adti\u00adon is renewable.<\/p>\n

\u25cf The Inves\u00adtor Pre\u00adsen\u00adta\u00adti\u00adon can be found on the W3BCLOUD<\/span> inves\u00adtor page, https:\/\/investors.w3bcloud.com\/<\/a>. (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[966,1696,2761],"class_list":["post-65815","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-amd","tag-consensys","tag-w3bcloud","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=65815"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65815\/revisions"}],"predecessor-version":[{"id":65824,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65815\/revisions\/65824"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=65815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=65815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=65815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}