Social Leverage Acquisition I (SLAC) has released an update.
Social Leverage Acquisition Corp I has announced the cancellation of its special stockholders’ meeting and the withdrawal of previously proposed plans due to the inability to finalize a business combination within the designated timeframe. Consequently, the company is set to close operations, except for winding up procedures, redeem all public shares with funds from its trust account, and proceed with dissolution and liquidation. Shareholders will receive cash redemption for their shares, after which the company’s common stock and warrants will be cancelled and expire, respectively.
For further insights into SLAC stock, check out TipRanks’ Stock Analysis page.
