FaZe Clan is officially listed on the NASDAQ under the ticker "FAZE"

North American esports organization FaZe Clan is officially listed on the NASDAQ under the ticker "FAZE". As a result, the esports club, a leading gaming, lifestyle and media brand, is completing its business merger with B. Riley Principal 150 Merger Corp.

In connection with the closing of the business combination, the company was renamed "FaZe Holdings Inc.". FaZe Clan Common Shares and Warrants begin trading today, Wednesday, July 20, 2022, on the NASDAQ under the new ticker symbols "FAZE" and "FAZEW", respectively.

Lee Trink, CEO of FaZe Clan: "This is a milestone for gaming culture and Gen Z as FaZe Clan becomes the first Gen Z brand to go public. This gives us access to capital and a global profile to meet our long-term growth goals, and for the first time gives our fans the opportunity to be part of our future.As this generation rises in economic power and influence, FaZe Clan will continue to use its voice to create innovation at the intersection of technology, entertainment and culture."

Note that the Board of Directors of the new public company FaZe Holdings Inc included: Andre Fernandez, Angela Dalton, Bruce Gordon, Daniel Shribman, Mickey Rosen, Nick Levine, Paul Hamilton, Ross Levinson and Snoop Dogg.

Dan Shribman, chief investment officer at B. Riley Financial said: "With an unprecedented level of engagement with Gen Z, FaZe Clan represents a great opportunity to invest in the future of digital entertainment. Going public gives FaZe Clan the opportunity to significantly expand its global footprint in content, games, entertainment, consumer products and Web3. We look forward to continuing our partnership as FaZe Clan paves the way for the future of gaming and youth culture."

Interestingly, immediately after entering the NASDAQ exchange, the quotes of the public company and FaZe Clan esports organization fell by almost 30%.