FaZe Clan Valued at $1 Billion After Deal to Go Public in SPAC Merger

The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company in a deal to become a publicly traded entity — giving it an implied value of $1 billion.

Upon completion of the proposed merger, BRPM will change its name to “FaZe Holdings Inc.” The combined company’s common stock is expected to be listed on NASDAQ under the new ticker symbol “FAZE.” L.A.-based FaZe Clan said it will use proceeds from the SPAC merger to fund “organic and inorganic growth,” suggesting it is looking at M&A deals, across content, gaming, entertainment and consumer products.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Creator Group FaZe Clan to Go Public Through SPAC MergerThe group of gamers and creators will receive nearly $300 million from the merger, which it will use to fund its growth. The smell of tulips fills the air.
Source: THR - 🏆 411. / 53 Read more »

Creator Group FaZe Clan to Go Public Through SPAC MergerThe group of gamers and creators will receive nearly $300 million from the merger, which it will use to fund its growth. The smell of tulips fills the air.
Source: THR - 🏆 411. / 53 Read more »