Item 5.03 Amendments to Articles of Incorporation.

On December 20, 2022, as described below under Item 5.07, the stockholders of Social Leverage Acquisition Corp I (the "Company") approved an amendment to the Company's amended and restated certificate of incorporation (the "Charter") to implement the Charter Amendment Proposals (as defined below) (together, the "Charter Amendment"). The Charter Amendment became effective on December 21, 2022 upon filing with the Secretary of State of the State of Delaware.

The foregoing description is qualified in its entirety by reference to the Certificate of Amendment to the Amended and Restated Certificate of Incorporation, dated December 21, 2022, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On December 20, 2022 the Company held a special meeting (the "Special Meeting") of stockholders. At the Special Meeting, the Company's stockholders were asked to vote on the following items: (i) a proposal to amend the Company's Charter to extend the date by which the Company has to consummate a business combination (the "Extension") for an additional three months, from February 17, 2023 to May 17, 2023 (the "First Charter Amendment Proposal"), (ii) a proposal to amend the Company's Charter to eliminate from the Charter the limitation that the Company may not redeem public shares to the extent that such redemption would result in the Company having net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) of less than $5,000,001 (the "Redemption Limitation") in order to allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation (the "Second Charter Amendment Proposal" and together with the First Charter Amendment Proposal, the "Charter Amendment Proposals") and (iii) a proposal to direct the chairman of the Special Meeting to adjourn the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, there are not sufficient votes to approve each of the Charter Amendment Proposals (the "Adjournment Proposal").

The affirmative vote (virtually or by proxy) of at least 65% of the outstanding shares of SLAC common stock at the Special Meeting and entitled to vote thereon, voting together as a single class was required to approve the First Charter Amendment Proposal. The affirmative vote (virtually or by proxy) of at least 65% of the outstanding shares of SLAC common stock at the Special Meeting and entitled to vote thereon, voting together as a single class was required to approve the Second Charter Amendment Proposal. The affirmative vote (virtually or by proxy) of a majority of the votes cast by holders of outstanding shares of SLAC common stock at the Special Meeting and entitled to vote thereon, voting together as a single class was required to approve the Adjournment Proposal.

--------------------------------------------------------------------------------

Set forth below are the final voting results for each of the Charter Amendment Proposals. As there were sufficient votes to approve each of the Charter Amendment Proposals, the Adjournment Proposal was not presented to stockholders at the Special Meeting.

First Charter Amendment Proposal

The First Charter Amendment Proposal was approved. The voting results of the outstanding shares of SLAC common stock at the Special Meeting and entitled to vote thereon were as follows:

For Against Abstentions Broker Non-Votes 34,321,344 177,645 2

               -

Second Charter Amendment Proposal

The Second Charter Amendment Proposal was approved. The voting results of the outstanding shares of SLAC common stock at the Special Meeting and entitled to vote thereon were as follows:

For Against Abstentions Broker Non-Votes 34,345,997 143,464 530

              -


Item 8.01 Other Events.

In connection with the Extension Proposal, stockholders elected to redeem 32,847,714 shares of Class A Common Stock, which represents approximately 95.2% of the shares that were part of the units that were sold in the Company's initial public offering. Following such redemptions, approximately $16,606,243 will remain in the trust account and 1,652,286 shares of Class A common stock will remain issued and outstanding.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.

Exhibit
  No.        Description

 3.1           Certificate of Amendment to Amended and Restated Certificate of
             Incorporation, dated December 21, 2022

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses