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Dubai News Club > Tech > Faze Clan goes public in $725 million SPAC deal
Tech

Faze Clan goes public in $725 million SPAC deal

Press Room
Last updated: 2022/07/20
Press Room
Published: July 20, 2022
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Faze Clan, one of the biggest esports companies in the world, has officially gone public via a SPAC merger with B. Riley Principal 150 Merger Corp. The deal values Faze at $725 million, according to Axios, which is lower than the original $1 billion valuation from when the merger was announced in October. Faze is now trading on the Nasdaq exchange under the ticker symbol FAZE.

Faze is a huge esports and gaming lifestyle brand, and it’s extremely popular with younger audiences — Faze…

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