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Sierra Lake Acquisition Corp announced a pricing of $300 Million Initial Public Offering

Sierra Lake Acquisition Corp announced a pricing of $300 Million Initial Public Offering

Sierra Lake Acquisition Corp., a newly incorporated blank check company, today announced the pricing of its initial public offering of 30,000,000 units at ten dollars per unit. The units are listed on Nasdaq Capital Market (NASDAQ: Nassac) and begin trading September 15, 2021, under the ticker symbol "SIERU".

Each unit is composed of one share of the Company's Class A common stock and one-half of a warrant, each warrant allowing the holder of each share to purchase ten shares of Class B common at sa prices Only whole warrants are executed and will trade. The shares of Class A common stock and warrants will be listed on Nasdaq, respectively.

The offer is expected to close on September 17, 2021, subject to customary closing conditions.

The Company is supported by an executive team led by its executive directors, Richard Burke and Kenneth L. Campbell, and a management team lead by CEO Charles Alutto, President Scott Daum, Chief Financial Officer and Secretary Robert Ry

Cantor Fitzgerald & Co. is the only book-running manager in the offering. The Company granted the underwriters a 45-day option to purchase up to an additional 4,500 units at the initial public offering price to cover over-allotments, if any.

The offer is only made by prospectus, which copies can be obtained by e-mail or at [email protected].

The Securities and Exchange Commission (SEC) declared effective on September 14 2021, registration statement relating to these securities was filed and filed with the Securitiesand Exchange Board (the SEC). This press release does not constitute a sale or reselection of any such offer, or any sale of these securities in any state or jurisdiction in which such an offer or demand or sale would be unlawful prior to registration or qualification under

ABOUT SIERRA LAKE ACQUISITION CORP.

The Company is a blank check company formed to effect merged, stock exchange, asset acquisition, reorganization, or similar business combination with one or more of the companies. The Company has not selected specific business combination target for a specific purpose.

STATEMENTS FORWARD-LOOKING are FOR WARDED-LooKING STRATMENT.

This press release contains statements that constitute "forward-looking statements," including regarding the initial public offering and the anticipated use of the net proceeds. No guarantee can be assured that the offer discussed above will be completed on the terms described or at all, or that net proceeds of the offering will only be used as indicated. The Company's forward-looking statements are subject to a number of conditions, many of which are beyond the control of the Company, including those listed in the Risk Factors section of its Registration Statement and the preliminary prospectus for the A copy of these documents can be found on the SEC's website, www.sec.gov. Except as required by law, the Company undertakes no obligation to update these statements for revisions or changes following the date of this release.

Contact:

Charles Alutto Chief Executive Officer Tel: (31) 305-4319Email: [email protected]

SOURCE Sierra Lake Acquisition Corp.

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