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Home Deal Announcements

B. Riley Principal 150 Merger Corp. Completes Business Combination with FaZe Clan

byIan Koplin
July 21, 2022
in Deal Announcements

FaZe Clan, an interactive lifestyle and media brand rooted in gaming and youth culture, completed its business combination with B. Riley Principal 150 Merger Corp., a special purpose acquisition company sponsored by an affiliate of B. Riley Financial.

Built by and for Gen Z and millennials, FaZe Clan is a provider of youth culture and gaming entertainment. FaZe Clan has established a highly engaged and growing fan base network of approximately 500 million across its combined social platforms that rivals established major sports leagues.

FaZe Clan boasts a diverse and robust talent and influencer network including global celebrities, esports athletes and content creators. FaZe Clan’s 11 competitive esports teams have won 35 championships worldwide. The company produces premium content, merchandise and consumer products and creates advertising and sponsorship programs for leading national brands. With approximately 80% of its audience between the ages of 13-34, FaZe Clan has unlocked key relationships with a coveted demographic that has long proven difficult to reach for traditional media companies and advertisers.

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