Faze Clan goes public in $725 million SPAC deal

Image: Faze Clan

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 claims that about 80 percent of its audience is between the ages of 13 and 34. It not only has 11 competitive esports teams in games like Counter-Strike: Global Offensive, Fortnite, PUBG, and Valorant but is also associated with some big personalities,…

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