Ticker Launch

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

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