FaZe Clan, known as one of the largest e-sports clubs in the world, has accomplished one of the most important jobs in the industry. B. Riley Principal 150 Merger Corp. The e-sports club, which was announced to have reached an agreement with a company named , will be offered to the public thanks to this agreement. The club will begin to be listed on the New York Stock Exchange (Nasdaq) after official transactions are completed.
B. Riley Principal 150 Merger Corp. According to the statements made by the company, the deal will be worth approximately $1 billion. The process is expected to be completed in a few months and FaZe Clan is expected to officially enter the stock market in the first quarter of 2022.
FaZe Clan has over 350 million followers
FaZe Clan is more of a big club than an esports team. FaZe Clan, which includes professional teams for popular survival games such as Fortnite and PUBG, as well as games such as CS: GO, Tom Clancy’s Rainbow Six: Siege, Valorant, FIFA 21 and Rocket League, is followed by around 350 million gamers around the world. This formation will now be followed by investors as well as the video game world.
By the way, it is worth noting that the entry of FaZe Clan into the stock market is different from the usual methods. B. Riley Principal 150 Merger Corp. will be used as a front company to enter the stock market. This transaction, which is completely legal and called “SPAC”, will facilitate entry to the stock market.
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