FaZe Clan approves business merger with BRPM

North American esports organization FaZe Clan has announced that a registration statement regarding a proposed business combination with BRPM has been declared effective and approved by the Securities and Exchange Commission. The final decision on the merger of the two companies will be made next month at a special meeting of shareholders.

BRPM has announced that it will hold a special shareholder meeting on July 15, 2022. At the meeting, BRPM shareholders will be asked to consider and vote on proposals to approve the business combination and related matters. BRPM shareholders registered as of May 26, 2022 are eligible to attend and vote at the special meeting. The special meeting will be held online and BRPM shareholders will be able to attend using office instructions.

Lee Trink, CEO of FaZe Clan: "FaZe Clan is on the verge of going public. The capital from the business combination will help us continue to grow our brand as a leader in the esports and content creator economy, and leverage new digital goods and platforms. We are with We look forward to completing the business combination and continuing to work with the B. Riley team on our journey to the public market."

The business combination is expected to close shortly after the EGM, subject to the approval of BRPM's shareholders and the fulfillment or waiver of certain closing conditions. Upon closing, BRPM will change its name to FaZe Holdings Inc. and the combined company's common shares are expected to be listed on the NASDAQ under the ticker "FAZE".

BRPM is a specialized asset acquisition company formed for the purpose of a merger, capital swap, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.