Social Leverage Acquisition I priced its IPO of 30 million units at $10 per unit.
Units begin trading today on the NYSE under SLAC.U. Each consists of one share of Class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase a share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under SLAC and SLAC WS, respectively.
The SPAC will target the fintech, enterprise software or consumer technology sectors.
Social Leverage is led by Director and CEO Howard Lindzon. As a founder and managing partner of Social Leverage since 2009, Lindzon has made numerous early-stage investments in the fintech sector, including investments in Robinhood, Rally Road, eToro and Alpaca. Read more.
