FaZe Clan on the verge of becoming a publicly traded company
28 June 2022
B. Riley Principal 150 Merger Corp. (BRPM), a special purpose acquisition company and FaZe Clan have announced that the registration statement on Form S-4 with respect to the proposed business combination between BRPM and FaZe Clan was declared effective by the Securities and Exchange Commission (SEC).
"FaZe is on the verge of becoming a publicly traded company," said Lee Trink, Chief Executive Officer of FaZe Clan. "The capital from the Business Combination will help us to continue to grow our brand as a leader in eSports and the creator economy, and embrace the advent of new digital goods and platforms. We look forward to closing the Business Combination and continuing to partner with the B. Riley team in our journey to the public market.”
BRPM has announced that it will hold a Special Meeting of stockholders on July 15 at which BRPM stockholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters. The Business Combination is expected to close shortly after the Special Meeting, subject to BRPM stockholder approval and the satisfaction or waiver of certain closing conditions. Upon closing, BRPM will change its name to FaZe Holdings Inc., and the combined company’s common stock is expected to be listed on NASDAQ under the ticker symbol “FAZE”.
BRPM has filed a definitive proxy statement/prospectus relating to the proposed Business Combination with the SEC. The definitive proxy statement/prospectus contains important information about BRPM, FaZe Clan and the proposed Business Combination.