Social Leverage Acquisition Corp I Transfers Listing to the Nasdaq Stock Market LLC

Rhea-AI Summary

Social Leverage Acquisition Corp I (SLAC) announced plans to transfer its trading listing from the New York Stock Exchange to the Nasdaq Global Market, targeting a date of December 27, 2022. The company has received approval for the transfer, contingent upon meeting Nasdaq's listing standards. SLAC will continue to file periodic reports with the U.S. Securities and Exchange Commission, ensuring transparency for its investors post-transition.

Positive

• Transfer to Nasdaq could enhance visibility and trading volume.
• Approval from Nasdaq indicates adherence to strict listing standards.

Negative

• Potential risks associated with meeting Nasdaq's listing standards.

SCOTSDALE, Ariz.--(BUSINESS WIRE)-- Social Leverage Acquisition Corp I (NYSE: SLAC) (“SLAC”), a special purpose acquisition company, announced today that it expects to transfer its listing from The New York Stock Exchange to the Nasdaq Global Market on the Nasdaq Stock Market LLC (“Nasdaq”), where it has been approved for listing subject to confirmation of its satisfaction of the Nasdaq’s listing standards. Following the transfer, SLAC intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission. SLAC anticipates the transfer to the Nasdaq to occur on or about December 27, 2022.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements speak only as of the date of this press release, and the SLAC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the expectations of SLAC with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of SLAC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213006052/en/

Howard Lindzon

Social Leverage Acquisition Corp I

(302) 492-7522

howard@lindzon.com

Source: Social Leverage Acquisition Corp I

FAQ

What is the reason for SLAC's transfer to Nasdaq?

SLAC aims to enhance visibility and trading activity by transferring to a more dynamic trading platform.

When will SLAC transfer to Nasdaq?

The transfer is anticipated to occur on or about December 27, 2022.

What are the implications of SLAC's move to Nasdaq for investors?

The transfer could lead to increased liquidity and potentially higher investor interest.

Will SLAC continue to report to the SEC after the transfer?

Yes, SLAC will continue to file the same types of periodic reports with the SEC.