FAZE CLAN WILL GO PUBLIC IN A SPAC MERGER VALUING THE GAMING ORGANIZATION AT AROUND $1 BILLION

FaZe Clan centers around competitive esports teams that play titles like "Fortnite Battle" and "Call of Duty" The gaming group will reach the equity market in the first quarter of 2022 through a deal with B.Riley Principal 150 Merger Corp., the New York-based SPAC said Monday. The combined company is expected to have an implied equity valuation of about $1 billion.
More Coverage on BUSINESSINSIDER