FAZE Stock

2022 - 7 - 21

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Image courtesy of "The Washington Post"

FaZe Clan, the boisterous gaming lifestyle brand, goes public (The Washington Post)

Esports and content creation collective FaZe Clan is now a publicly traded company, following a merger with a special-purpose acquisition company, or SPAC.

“That’s done not only to educate our talent around a code of conduct but also to suss out the fit with FaZe.” Shortly after the incident, FaZe announced that it had ended its “public association” with Leonard while maintaining he was never a true member of FaZe. Trink described FaZe as “the undisputed leader within gaming.” The company also kicked out Frazier “Kay” Khattri and suspended three other members for their apparent involvement in a crypto pump and dump scheme. “Migrating our community to a Web3 community allows us to be directly connected,” Trink said. Trink said FaZe has also discussed possible partnerships with Web3 companies to cut out the middleman of social media platforms. The rapper Lil Yachty streams for FaZe (and even made a “Fortnite” song) under the tag FaZe Boat. So does LeBron James Jr. FaZe has done streetwear collaborations with Champion, Disney and famed artist Takashi Murakami. Its members have appeared in a Batman comic. “It allows us to own the relationship. “We’ve placed ourselves in the top echelon of a youth culture company,” Trink said. The company has been exploring a number of ventures beyond video games. FaZe began in 2010 as a collective of Call of Duty players who got famous for trickshotting — a style of flashy, difficult shooting that highlights a player’s skill. FaZe’s “Counter-Strike” team is currently the best team on the planet, according to the Counter-Strike news and stats portal HLTV. On July 17, the team won first place at the Intel Extreme Masters tournament, netting the organization $400,000.

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Image courtesy of "Barron's"

FaZe Stock Is Falling After SPAC Merger of Gen Z Brand (Barron's)

The media firm calls itself a leading youth culture brand. Most SPAC shareholders opted to redeem their stock for cash rather than hold on to FaZe shares.

(ticker: FAZE) were down 30% to $9.06 in Wednesday afternoon trading after the merger with B. Riley Principal 150 Merger Corp. A person familiar with the deal said it raised nearly $60 million in proceeds from the special purpose acquisition company, or SPAC, and that details would be shared via regulatory filings in the coming days. For the stock, though, there wasn’t much to celebrate. FaZe

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Image courtesy of "Investorplace.com"

FAZE Stock: 10 Things to Know as FaZe Clan Starts Trading Today (Investorplace.com)

FaZe Clan (FAZE) stock just started trading today after the e-sports team completed a SPAC merger with B. Riley Principal Commercial Capital.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. You can read more on these matters at the links below! - That includes an interest in play-to-earn games that could have fans earning non-fungible tokens (NFTs) connected to the company.

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Image courtesy of "CNBC"

FaZe Clan goes public in $725 million SPAC, but Gen Z creator ... (CNBC)

Gen Z creator economy brand FaZe Clan listed on the Nasdaq after completing a SPAC deal at $725 million, but finished the first day of trading down nearly ...

The global market size is estimated to be over $13 billion, according to Statista, and is primarily focused on a younger generation. Trink projects that the esports business will be a smaller part of FaZe Clan's revenue in the future. That's the future of the creator economy," Trink said. Trink, who was previously president of Capitol Records, joined the company in 2018 seeing an opportunity in a brand focused on younger audiences. That obviously didn't happen," said Tobias Seck, business analyst with The Esports Observer. SPACs gained in popularity during the pandemic as an alternative to the traditional initial public offering.

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Image courtesy of "Shacknews"

FaZe Clan stock begins trading following $725 million SPAC deal (Shacknews)

FaZe Clan (FAZE) stock is officially trading after the close of its B. Riley Principal merger.

FaZe Clan CEO Lee Trink provided a statement as the company’s stock hit the market. We’ll be keeping an eye on FaZe Clan (FaZe) stock, and will be sure to report any interesting developments. It was back in October of last year when FaZe Clan announced that it would become a publicly traded company.

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Image courtesy of "Fast Company"

FaZe Clan stock price struggles on Nasdaq trading debut after ... (Fast Company)

The e-sports company and content studio began as a group of friends playing the first-person shooter game 'Call of Duty.'

The other element to take note of regarding FaZe Clan going public is that the IPO market in 2022 has been slow, to say the least. FaZe’s stock listing makes it among the first esports and gaming lifestyle companies to hit the markets. FaZe Clan is a digital gaming and esports content platform that dates back to 2010.

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Image courtesy of "Dot Esports"

FaZe down: FaZe Clan's Nasdaq value drops nearly 30 percent on ... (Dot Esports)

Nearly nine months after announcing plans to go public, FaZe Clan officially began trading on the Nasdaq today following the completion of a $725 million ...

The deal, which was expected to be completed in Q1 2022, leaked into Q3 after hiccups in FaZe’s financial forecast caused delays. In addition to the seemingly worrying performance of SPACs, the process for FaZe to go public took longer than expected as well. SPACs have lost half of their value in 2022, according to CNBC, although FaZe CEO Lee Trink said the SPAC avenue “really fits” the organization.

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Image courtesy of "Bloomberg"

FaZe Clan's Market Debut Disappoints Investors Who Don't Buy the ... (Bloomberg)

FaZe Clan, a bombastic organization of gaming celebrities and esports pros that helped pioneered the influencer marketing industry, began trading on the Nasdaq ...

When FaZe agreed to merge with B. Riley Principal 150 Merger Corp. last October, it was given a valuation of close to $1 billion. FaZe Clan, a bombastic organization of gaming celebrities and esports pros that helped pioneered the influencer marketing industry, began trading on the Nasdaq Wednesday after merging with a special purpose acquisition company. It became the first publicly traded Gen-Z influencer company and one of only a handful of esports companies on the market.

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Image courtesy of "Investorplace.com"

FAZE Stock Stumbles After Messy FaZe Clan SPAC Debut (Investorplace.com)

FAZE stock is sinking for a second straight day. The company began trading on the Nasdaq yesterday after merging with a SPAC.

They believe that it is: “far too soon to determine the financial capabilities of FaZe.” Consequently, FaZe must rely on advertising to boost its financial results, and advertising has limited upside and is quite risky, warned the columnist. And the industry’s financial performance is: “unpredictable, risky, and variable.”

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