Business
B. Riley Principal 150 Merger Corp. and FaZe Clan Announce Effectiveness of Form S-4 Registration Statement
LOS ANGELES and NEW YORK, June 22, 2022 /PRNewswire/ -- B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM) ("BRPM"), a special purpose acquisition company
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"LOS ANGELES and NEW YORK, June 22, 2022 /PRNewswire/ -- B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM) (\"BRPM\"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), and FaZe Clan Inc. (\"FaZe Clan\"), today announced that the registration statement on Form S-4 (the \"Registration Statement\") with respect to the proposed business combination between BRPM and FaZe Clan (the \"Business Combination\") was declared effective by the Securities and Exchange Commission (the \"SEC\").\n\n \n \n \n \n \n \n\n \nBRPM also announced that it will hold a Special Meeting of stockholders at 10:00 AM, New York City time, on July 15, 2022. At the meeting, BRPM stockholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters. BRPM stockholders of record as of May 26, 2022 are eligible to attend and vote at the Special Meeting. The Special Meeting will be held virtually and BRPM stockholders can attend using the virtual meeting instructions set forth on their proxy cards.\nThe Business Combination is expected to close shortly after the Special Meeting, subject to BRPM stockholder approval and the satisfaction or waiver of certain closing conditions. Upon closing, BRPM will change its name to FaZe Holdings Inc., and the combined company's common stock is expected to be listed on NASDAQ under the ticker symbol \"FAZE\".\n\"FaZe is on the verge of becoming a publicly traded company,\" said Lee Trink, Chief Executive Officer of FaZe Clan. \"The capital from the Business Combination will help us to continue to grow our brand as a leader in esports and the creator economy, and embrace the advent of new digital goods and platforms. We look forward to closing the Business Combination and continuing to partner with the B. Riley team in our journey to the public market.\"\nBRPM has filed a definitive proxy statement/prospectus relating to the proposed Business Combination with the SEC. The definitive proxy statement/prospectus contains important information about BRPM, FaZe Clan and the proposed Business Combination.\nAbout BRPMBRPM is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more busi...