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Benzinga

Business

Chris Katje

Is W3BCLOUD A Pick And Shovel Play For The Web3 Sector? What Investors Should Know

SPAC ConsenSys Joseph Lubin AMD SLAC

A leading Web3 company is going public via SPAC merger. Here are the details on the merger between W3BCLOUD and Social Leverage Acquisition Corp I.

The SPAC Deal: Social Leverage Corp I (NYSE:SLAC) announced it is acquiring W3BCLOUD, a leading storage and infrastructure provider for the Web3 sector. The merger values W3BCLOUD at an enterprise value of $1.25 billion.

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