SPAC · Merger completed
B. Riley Principal 150 Merger Corp.
Business combination with FaZe Clan Inc.
B. Riley Principal 150 Merger Corp. is a blank-check company (SPAC) that raised $150M in its initial public offering on Feb 19, 2021, listing on Nasdaq Capital Market. It completed its business combination with FaZe Clan Inc. on Jul 19, 2022; the combined company is FaZe Holdings Inc. (FAZE). White & Case advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.
FaZe Clan Inc. is a digital-native lifestyle and media platform rooted in gaming and youth culture, founded in 2010. It produces content, partners with brands, works with a collective of talent, and sells fashion and consumer products to Gen Z and Millennials.
- Status
- Merger completed
- IPO date
- Feb 19, 2021
- IPO size
- $150M
- IPO exchange
- Nasdaq Capital Market
- Target
- FaZe Clan Inc.
- Announced
- Oct 25, 2021
- Closed
- Jul 19, 2022
- Combined company
- FaZe Holdings Inc. (FAZE)
- SPAC counsel (IPO)
- White & Case
- Underwriters' counsel (IPO)
- Ellenoff Grossman & Schole
More on this SPAC for subscribers
- Trust balance and value per share
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Feb 19, 2021
- Deal announcement (8-K) Oct 25, 2021
- Press release
- All filings on EDGAR CIK 1839360
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