PR W3BCLOUD to go Public via Business Combination with Social Leverage Acquisition Corp I

[Pressemitteilung]

‍Social Leverage Acquisition Corp I has $345 million in trust and has received commitments from AMD, ConsenSys, SK Inc. and others for an additional $50 million in new investments

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● W3BCLOUD provides the underlying physical (compute and storage) infrastructure needed to support the growth of the Web3 ecosystem, which favors developers, content creators, and consumers.

● The transaction values the combined company at an enterprise value of $1.25 billion.

● Social Leverage Acquisition Corp I has expertise in growing and guiding disruptive companies, which will help W3BCLOUD continue to scale rapidly and support the growth of the Web3 ecosystem.

● W3BCLOUD expects to use transaction proceeds to significantly accelerate its investments in storage and compute infrastructure, which includes expanding its data center footprint and investing in the Web3 developer ecosystem.

● Approximately 85% of W3BCLOUD’s data centers’ current energy consumption is renewable.

● The Investor Presentation can be found on the W3BCLOUD investor page, https://investors.w3bcloud.com/.

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