Publicly traded special purpose acquisition company, Social Leverage Acquisition Corp I (NYSE: SLAC) (SLAC), with US$345 million in trust, has announced that it has entered into a definitive business combination agreement with W3BCLOUD Holdings Inc., a leading storage and compute infrastructure provider for Web3. Upon closing of the transaction, the company will be named W3BCLOUD, Inc., and shares of W3BCLOUD’s common stock are expected to trade on a national exchange.

Latham & Watkins LLP represents the joint placements agents to Social Leverage Acquisition Corp I in the transaction with a team led by partners Stelios Saffos, Drew Capurro, and Scott Westhoff, with associates Roger Yarett and Joe Gu.