FaZe Clan says it’s a unicorn. The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company (SPAC) in a deal to become a publicly traded e…
The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company in a deal to become a publicly traded entity — giving it an implied value of $1 billion.
Upon completion of the proposed merger, BRPM will change its name to “FaZe Holdings Inc.” The combined company’s common stock is expected to be listed on NASDAQ under the new ticker symbol “FAZE.” L.A.-based FaZe Clan said it will use proceeds from the SPAC merger to fund “organic and inorganic growth,” suggesting it is looking at M&A deals, across content, gaming, entertainment and consumer products.
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