FaZe Clan went public via a SPAC merger with B. Riley Principal 150 Merger in a $987m deal.

FaZe Clan, an esports and entertainment organization, went public via a SPAC merger with B. Riley Principal 150 Merger, a blank check company, in a $987m deal. "This is a landmark event for gaming culture and Gen Z, as FaZe Clan becomes the first Gen Z native brand to go public. It provides us the access to capital and global profile to enable our long-term growth objectives, and for the first time gives our fans the opportunity to own a part of our future. As this generation rises to economic power and influence, FaZe will continue to use its voice to pioneer and innovate at the intersection of technology, entertainment and culture. We thank our partners at B. Riley and look forward to engaging with our shareholders. FaZe Up!" Lee Trink, FaZe Clan CEO.