FaZe Clan, the group of esports competitors and social media creators, will go public through a merger with a special purpose acquisition company called B. Riley Principal 150 Merger Corp.
The merger will provide an influx of cash to FaZe, which is led by CEO Lee Trink. The group will receive an estimated $291 million from the merger, which it will use “to fund organic and inorganic growth as the company expands its digitally native global multi-platform presence across content,Once the merger is complete, the company will be called FaZe Holdings Inc. and will trade on the NASDAQ under the ticker FAZE.
The smell of tulips fills the air.
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