Social Leverage Acquisition Corp I (NYSE:SLAC.U) announced that it has entered into an agreement for a private placement of 6,000,000 pre-paid warrants at a price of $1.5 per warrant for gross proceeds of $9,000,000 with existing investor, Social Leverage Acquisition Sponsor I LLC on January 25, 2021. Each warrant is exercisable at $11.5 per class A share, subject to adjustments. The transaction will close concurrently with public offering. The private placement warrants will be non-redeemable. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.