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FaZe Clan Going Public with a $1 Billion SPAC Deal.

FaZe Clan, massively popular among youth, especially gamers join hands with a special purpose acquisition company to file IPO with an estimated value of $1 billion. FaZe Clan is popular among millennials and Gen Z and is a leading online gaming company.

FaZe Clan Files IPO For $1 Billion

FaZe Clan Files IPO For $1 Billion

The company is involved in esports, digital content, and merchandise business. According to the company’s website, it has a reach of over 350 million people via its social media channels. The company is partners with McDonalds Corp. and Totino’s Pizza Rolls.

It is also supported and backed by several entertainments and sports celebs, notably Pitbull.

FaZe Clan has decided to merge with SPAC B. Riley Principal 150 Merger Corp. This will help FaZe Clan to raise huge sums of money, and expand its reach and brand awareness. The CEO of FaZe Clan, Lee Trink, said in an interview, “The big opportunity is our direct relationship with the massive audience we have.”

He further added, “It’s a very large, very vibrant community that we’re deeply rooted in.”

The deal has let FaZe-Clan raise approximately $120 million through PIPE (private investment in public equity). The deal can also increase FaZeClan’s cash proceeds as SPAC B. has $170 million in cash.

Moreover, the projected sales of $50 million are expected to increase rapidly in the coming years for FaZe-Clan.

FaZe Clan Files IPO For $1 Billion

FaZe Clan Files IPO For $1 Billion

SPAC mergers have become popular lately and several fast-growing online platforms have resorted to SPAC. SPAC lets emerging businesses raise huge amounts of capital as well as increase brand awareness.

Some of the names that have followed the SPAC plan to go public are DraftKings Inc., Skillz Inc., and BuzzFeed. Recently, Donald Trump’s new social media venture also to go public by combining with SPAC Digital World Acquisition Corp.

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.