Digital entertainment and esports brand FaZe Clan is being listed on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million.
"I understand why other companies have been criticized for going public via the SPAC vehicle. But for us, it really fits," Trink said.
"The initial plan was to go public in the first quarter of this year. That obviously didn't happen," said Tobias Seck, business analyst with The Esports Observer.from B. Riley Principal Commercial Capital, the special purpose acquisition company with which it is merging. FaZe Clan plans to bring on more creators and help them grow their own community, an alternative to reliance on advertising revenue from existing social media brands.
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