Business Mix Anticipated to Close July 19, 2022
NEW YORK, July 15, 2022 /PRNewswire/ — B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM, BRPMW, BRPMU) (“BRPM” or the “Firm”), a special purpose acquisition business sponsored by an affiliate of B. Riley Economical, Inc. (Nasdaq: RILY) (“B. Riley Financial”), today announced that its stockholders have authorized the Company’s proposed company blend (the “Organization Blend”) with FaZe Clan Inc. (“FaZe Clan”), the life-style and media system rooted in gaming and youth tradition.
The business mix is predicted to shut on July 19, 2022, subject matter to the gratification of all closing problems. Upon the closing of the business enterprise blend, the Enterprise will be renamed FaZe Holdings Inc. and its shares of frequent inventory and warrants are envisioned to get started investing on July 20, 2022 on Nasdaq below the new ticker symbols “FAZE” and “FAZEW”, respectively.
The formal effects of the vote will be incorporated in a Latest Report on Type 8-K to be filed by BRPM with the Securities and Trade Commission.
About FaZe Clan
FaZe Clan is a electronic-native life-style and media system rooted in gaming and youth tradition, reimagining regular leisure for the future technology. Established in 2010 by a team of children on the world-wide-web, FaZe Clan was developed for and by Gen Z and Millennials, and currently operates throughout various verticals with transformative content, tier-one particular model partnerships, a collective of noteworthy expertise, and trend and shopper goods. Reaching above 500 million followers across social platforms globally, FaZe Clan provides a broad range of leisure spanning video clip weblogs, lifestyle and branded articles, gaming highlights and stay streams of remarkably aggressive gaming tournaments. FaZe Clan’s roster of more than 85 influential personalities consists of participating material creators, esports gurus, planet-class players and a mix of talent who go further than the earth of gaming, which includes NFL star Kyler “FaZe K1” Murray, Lebron “FaZe Bronny” James Jr., Lil Yachty aka “FaZe Boat” and Snoop Dogg aka “FaZe Snoop.” Its gaming division consists of 11 aggressive esports groups who have won above 30 planet championships. For a lot more info, check out www.fazeclan.com, investor.fazeclan.com and abide by FaZe Clan on Twitter, Instagram, YouTube, TikTok, and Twitch.
BRPM is a unique purpose acquisition enterprise fashioned for the goal of effecting a merger, cash inventory trade, asset acquisition, inventory invest in, reorganization or related enterprise mixture with one particular or additional companies. BRPM commenced investing on the NASDAQ on February 19, 2021 pursuing its preliminary general public featuring. Its shares of Class A typical inventory, units and warrants trade beneath the ticker symbols BRPM, BRPMU and BRPMW, respectively. BRPM is sponsored by an affiliate of B. Riley Fiscal, Inc. (Nasdaq: RILY).
Ahead On the lookout Statements
The info in this conversation incorporates “ahead-on the lookout statements” pursuant to the “safe and sound harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. All statements, other than statements of present or historic point involved in this communication, about the proposed Business Mixture, the skill of the events to consummate the proposed Business enterprise Mix, the rewards and timing of the proposed Company Combination, as very well as the combined firm’s system, long run functions and fiscal performance, believed economical position, estimated revenues and losses, projections of market possibility and current market share, projected costs, potential customers, options and goals of management are forward-hunting statements. These forward-seeking statements commonly are recognized by the text “budget,” “could,” “forecast,” “foreseeable future,” “may well,” “outlook,” “approach,” “possible,” “likely,” “forecast,” “challenge,” “seem,” “find,” “try,” “would,” “really should,” “may possibly,” “imagine,” “intend,” “expects,” “will,” “projected,” “proceed,” “raise,” and/or identical expressions that issue BRPM’s or FaZe Clan’s tactic, programs or intentions, but the absence of these phrases does not imply that a statement is not ahead-looking. These kinds of statements are built pursuant to the safe and sound harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and are based on the management of BRPM’s and FaZe Clan’s perception or interpretation of data at present readily available.
These ahead-seeking statements are centered on different assumptions, irrespective of whether or not recognized herein, and on the recent anticipations of BRPM’s and FaZe Clan’s management and are not predictions of genuine general performance. Simply because ahead-hunting statements are predictions, projections and other statements about potential activities that are centered on recent expectations and assumptions, irrespective of whether or not identified in this interaction, they are matter to inherent uncertainties, risks and variations in circumstances that are hard to forecast. Lots of things could trigger real effects and problem (economic or if not) to vary materially from those indicated in the ahead-on the lookout statements, including but not limited to: (1) the event of any occasion, alter or other circumstances that could give increase to the termination of negotiations and any subsequent definitive agreements with regard to the proposed Company Mix (2) the consequence of any authorized proceedings or other disputes that may be instituted in opposition to BRPM, FaZe Clan, the mixed enterprise or other individuals (3) the lack of ability to full the proposed Small business Combination thanks to the failure to attain specified governmental and regulatory approvals or to satisfy other ailments to closing (4) alterations to the proposed construction of the proposed Enterprise Blend that may perhaps be required or appropriate as a final result of relevant guidelines or regulations, which include the danger that any regulatory approvals are not obtained, are delayed or are subject to unanticipated circumstances that could adversely affect the mixed firm or the envisioned advantages of the proposed Company Combination (5) the capability to meet stock trade listing specifications pursuing the consummation of the proposed Organization Mix (6) the danger that the proposed Company Blend disrupts present-day options and functions of BRPM or FaZe Clan as a consequence of the announcement and consummation of the proposed Organization Mix (7) the means to acknowledge the anticipated gains of the proposed Small business Combination, which may well be impacted by, among other points, competitiveness, the potential of the put together company to expand and manage growth profitably, preserve interactions with shoppers and suppliers and retain its management, crucial staff members and skills (8) costs similar to the proposed Organization Mixture (9) improvements in relevant regulations or rules, which includes improvements in domestic and foreign enterprise, marketplace, financial, political, and lawful disorders (10) the chance that BRPM, FaZe Clan or the blended company may possibly be adversely influenced by other economic, small business, and/or competitive variables (11) the effects of COVID 19 on BRPM’s or FaZe Clan’s business enterprise and/or the capacity of the events to full the proposed Company Mixture (12) the incapability to finish the PIPE investments in link with the proposed Small business Combination and (13) other hazards and uncertainties set forth in the Proxy Assertion/Prospectus relating to the proposed Business Combination. These forward-on the lookout statements are furnished for illustrative purposes only and are not meant to provide as, and have to not be relied on by any trader as, a guarantee, an assurance, a prediction or a definitive assertion of truth or chance. Actual events and conditions are hard or impossible to forecast and will differ from assumptions. A lot of real activities and situation are beyond the regulate of BRPM and FaZe Clan. Ahead-hunting statements communicate only as of the date they are made. Though FaZe Clan and BRPM may possibly elect to update these forward-looking statements at some level in the long term, FaZe Clan and BRPM precisely disclaim any obligation to do so. These forward-wanting statements really should not be relied upon as representing FaZe Clan’s and BRPM’s assessments as of any date subsequent to the day of this conversation. Accordingly, undue reliance ought to not be positioned upon the ahead-searching statements.
For FaZe Clan
Ellipsis: [email protected]
Chelsey Northern: [email protected]
Dan Shribman: [email protected]
Jo Anne McCusker: [email protected]
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Supply B. Riley Principal 150 Merger Corp.
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